Maybe it’s wishful thinking, but trending election results seem to be going my way. I’m a low-tax, pro-business supporter, and I’m unashamed about my leanings because I believe that a strong economy benefits the whole of society. With energy stocks on a tear into the final days of the midterms, I have some concerns about…
Segment’s strategies have been overweight to energy since the collapse in prices drew us in back in 2020. We did trim some positions earlier this year as oil prices got lofty. Last week was a rough one for energy, and we went back to full overweight accordingly. We also raised cash in our reallocation, reflecting…
It is surely apparent by now that a confluence of events is causing energy prices to spike like none seen before. In 2008, when oil prices breached $140, the recession that followed quickly brought it crashing back down to the $30s. Prices today would need to be $200+ to match 2008 in inflation-adjusted terms. Rising…
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