We need to get real about inflationary pressures; they haven’t gone away. This economy offers us high prices and pinched supply chains that are likely to push prices even higher.
The trend in oil and gas is no exception - prices are rising, creating a new uptrend that could see them push higher by 20% or more.
The net effect is squeezed consumers with limited disposable income.
That’s why I’m betting on oil stocks… and timing consumer discretionaries. We’ll look at healthcare and utilities tonight, too.
Let’s jump right in…