On Monday, Germany’s GDP print for the final quarter of 2022 came out below expectations of 0.0% by -0.2%. This negative (rather than stagnant) figure makes the -0.5% print forecast for Q1 2023 a more foreboding prediction for Germany’s economy. France’s expected GDP for Q4 was...
Subsea 7 works under the water, at all depths, providing engineering, construction, specialty technologies and maintenance for the offshore energy industry from traditional oil rigs to renewable energy. As owner and operator of one of the most advanced fleets of ships and remote-operated underwater vehicles...
The Federal Reserve is in the midst of an historic tightening cycle, and it has begun to impact the economy. The latest casualty is the decline in oil prices, which opens up a new set of possibilities in asset allocation. In this special report, we look at the...
Recently, fears of a slowdown in global growth brought on by a trade war have led to turbulence in cyclical assets. The US Dollar has risen while commodities and emerging markets have struggled. The Chinese Yuan has depreciated significantly, recalling fears of the 2014-2016 industrial...
As we write, comments by officials in Saudi Arabia about possible OPEC production increases later this year have sent WTI crude oil futures down below $68.00/barrel (-4%), down from nearly $73/barrel just three days ago. Meanwhile, global energy stocks are lower by about -2% for...
As the famous Yogi Berra once said, "You can observe a lot just by watching". At the moment we are watching the price of oil break out of a trading range to the highest level in about 2.5 years. The "common knowledge" explanation for the...
Since the middle of August the S&P 500 energy sector is up 11.5% compared to just 3% for the index as a whole. Many observers have chalked this outperformance up as a reaction to a deep oversold condition or a short covering bounce, but a...
It's news to no one that energy has been the worst performing sector year to date with plenty of hatred of the sector to go around. Yet, as we write the price of WTI crude oil is up about 2% on news of capex cuts...
On an equal-weighted basis, the energy sector has still been the best performing sector in February. It is nearly 7% higher this month, however, it has been the worst performing sector so far this week (-1.5%)....
Across all regions of the developed world, the banking and energy industry groups have been the worst performers. The MSCI World banking industry is within .5% of making a new 5-year low compared to the MSCI All Country World Index....
The energy sector has been the hardest hit sector over the past month as well as over the past year. On an equal-weighted basis, the energy sector is down 14.7% over the past month and down 9.7% over the past year....
Energy stocks have dominated the market so far during the 2nd Quarter (and to an extent so far this year)....
