Investors have flocked to the energy sector. The momentum started in 2021 as oil prices began to ascend. The rally picked up velocity in 2022 as geopolitical crises and supply chain issues drove energy prices to multiyear highs. Oil trades above $100 a barrel for the first time since 2014. This move has traders dusting…
United States and European officials discussed the possibility of completely banning imports of Russian oil. The move, while not a surprise, sent energy prices skyrocketing. Russian crude accounts for 3% of American imports. The U.S. energy complex has seen money flow into the space. These companies are leading options to fill the void of Russia’s…
Investors continue to deal with headline disruptions. Geopolitical tensions weigh on sentiment. Perhaps the bigger concern lies around monetary policy uncertainty. Rate-sensitive markets gyrate in reaction to comments from central bank officials. This was evident last Friday when St. Louis Fed President James Bullard’s hawkish comments led markets lower. But did Bullard provide any new…
