Opening Statement from the April 2022 Intelligent Investor (part 1)

Opening Statement from the April 2022 Intelligent Investor (part 1)

Originally published on April 6, 2022

Overview

WTI and Brent crude oil pricing have held above $100/barrel for several weeks adding to the worrisome trend of global inflation. Despite high and rising inflation, economic growth remains fairly strong. But there is mounting weakness in Europe as a result of raging energy prices, the recent decree by Russia for oil and gas payments to be made in rubles, and a great deal of geopolitical and economic uncertainty.

US investors have more recent been less concerned on the Russian invasion of Ukraine and more focused on the recent yield curve inversion. We have discussed an inverted yield curve many times in the past. We even presented a somewhat detailed discussion in the Boot Camp series. In short, we...