Yardeni: Our Two Most Bearish Charts

“The most bearish of the lot are shown below. The first one shows the Fed’s holdings of securities versus the S&P 500. The second shows the former versus the forward P/E of the S&P 500.”Read more at the source: https://www.yardeniquicktakes.com/the-most-bearish-chart-in-our-collection/

Read More

US News and World reports talks to Benjamin C. Halliburton, CFA about Civitas (CIVI), Ovintiv (OVV) and Chesapeake Energy (CHK)

Building Benjamins

Benjamin Halliburton, chief investment officer at Building Benjamins, says the high price environment for oil and gas will last at least a couple of years. “Sanctions on Russia are not going away even when the war ends,” he says. “It takes years to plan and develop fields. The adverse regulatory environment on both drilling and pipelines is a deterrent to drilling and adds costs.”

Read More

Powell: Fed will discuss speeding up bond-buying taper at December meeting.

Building Benjamins

• Federal Reserve Chairman Jerome Powell said he expects policymakers in December to discuss accelerating the timetable for the tapering of monthly bond purchases.
• Speaking before a Senate panel, he said tapering could wrap up “a few months sooner” than anticipated. That would open the door to interest rate hikes thereafter.
• Powell also said, “it’s probably a good time to retire” the word “transitory” to describe inflation.

Read More