Wednesday, January 20, 2021
A headline from Bloomberg on December 15th: “The Bull Market Almost No One Saw Coming.” The article discussed how, in 2009, no one was predicting that the next decade would be one of the greatest stock market bull markets since the 1950s. The S&P 500 was at 756 on March 13, 2009. Now it’s at […]
This year will go down as another strong one for Wall Street. We had a big dip late last year, so that helped give 2019, a nice low base to start with, but outside of that it’s been a nice slow uptrend for stocks this year. While many stocks are doing well, I should remind […]
The midstream energy sector has been a scary place for investors. Despite high dividend yields, it seems that no kind of news will stop the relentless slide in share prices. It has been tough for investors to stick with their energy midstream stock investments, with share values dropping 10%, 20%, or more, even as the […]
Energy infrastructure stock prices are under attack. Institutional investors are bailing, individual investors are running scared, and I believe the short-selling crowd has jumped on the sectors to push share prices down to unbelievably low levels. These are all dividend-paying stocks, which means yields have risen to eye-popping levels. I think the sector is set […]
It’s always funny to read about energy prices going up whenever there’s a cold front. It’s like people forget that there’s such thing as weather and (depending on where you live) it changes with the seasons. As the temperature starts cooling in the fall, you’ll often see headlines like “Heating Oil Prices Up on Colder […]
So the Federal Reserve cut interest rates. This was their third rate cut in the last three months. The new target range for overnight interest rates is 1.5 to 1.75%. That’s below the rate of inflation. There are three things you should do right now. #1. Don’t panic. #2. Seriously, don’t panic. #3. Make sure […]
With the near term potential of an economic recession at the front of investor’s minds, I see more and more recommendations to invest in “Dividend Aristocrat” types of stocks. These are companies that have paid growing dividends for years and give investors faith that their stock market investments will emerge relatively unscathed after the stock […]
When we roll into a new calendar quarter, typically first out the gate with dividend announcements are stocks in the energy infrastructure sector. These companies often announce the next quarterly dividend several weeks before they come out with the previous quarter’s earnings results. Even more fun is that a number of these companies increase their […]
On Saturday, September 14, Saudi Arabia’s largest crude oil processing facility at Abqaiq, was attacked by at least 30 drones and cruise missiles. The attack shut down about one-half of the country’s oil production capacity, which is 5% of the world’s daily production and consumption. When trading markets opened on Monday, crude oil prices jumped […]
I wrote this article, and it was published two weeks ago. Little did I expect the attack on the Saudi oil infrastructure and the effect on oil prices. Here it is again with additional comments. For the last three months, crude oil has been stuck in a $50 to $60 per barrel trading range. The […]
