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The Sell-Side is Typically Late on Energy Again

This piece was originally published on September 21th, 2023. After oil prices rose to their highest level this year, the sell-side decided to raise price targets. Bank of America thinks crude prices could go above $100 this year. Brent crude is already up from the low $70s to almost $94 today. JP Morgan is “predicting” … Read more

Yet Another Reason You Shouldn’t Trust Sell-Side Research

Please feel free to check out today’s Twitter thread on sell-side research which touches on predictions for 2023 made here at DKI.  The key point is that big bank economists are predicting a recession while the “analysts” at those same big banks are projecting earnings and revenue growth for the S&P 500 this year.  If … Read more

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