Referral program
Portfolio Update – It’s Not Disinflation

Normally, I don’t provide updates on daily market action, but there’s something important happening today. Saudi Arabia and Russia have extended production cuts for several additional months. The US has tried to buy a tiny amount of oil to begin to replenish the strategic petroleum reserve (SPR), but that keeps pushing oil prices higher. Oil is now above where it was a year ago. The main reason the US has had disinflation (a reduction in the rate of inflation) has been huge y/y decreases in energy prices. With that reversing, market participants are beginning to realize we’re going to see an increase in the CPI in the next couple of months. That’s what’s taking the market down both yesterday and today (so far).

The good news is DKI subscribers should be well prepared for this with a huge energy portfolio and other positions heavily hedged. If you’re a new subscriber, and just starting to make adjustments to your portfolio, don’t worry. You’re not too late. This is going to be a long-term trend so you can still profit from it.

IR@DeepKnowledgeInvesting.com if you have any questions.

 

Information contained in this report is believed by Deep Knowledge Investing (“DKI”) to be accurate and/or derived from sources which it believes to be reliable; however, such information is presented without warranty of any kind, whether express or implied and DKI makes no representation as to the completeness, timeliness or accuracy of the information contained therein or with regard to the results to be obtained from its use.  The provision of the information contained in the Services shall not be deemed to obligate DKI to provide updated or similar information in the future except to the extent it may be required to do so. 

 

The information we provide is publicly available; our reports are neither an offer nor a solicitation to buy or sell securities. All expressions of opinion are precisely that and are subject to change. DKI, affiliates of DKI or its principal or others associated with DKI may have, take or sell positions in securities of companies about which we write. 

 

Our opinions are not advice that investment in a company’s securities is suitable for any particular investor. Each investor should consult with and rely on his or its own investigation, due diligence and the recommendations of investment professionals whom the investor has engaged for that purpose. 

 

In no event shall DKI be liable for any costs, liabilities, losses, expenses (including, but not limited to, attorneys’ fees), damages of any kind, including direct, indirect, punitive, incidental, special or consequential damages, or for any trading losses arising from or attributable to the use of this report. 

Leave a Comment

Recent Blogs

Invite & Earn

X
Signup to start sharing your link
Signup
background banner image
loading gif

Available Coupon

X