IMCV - Biden's Green Energy Schemes Backfire Once Again

• Although a federal judge overrode the Biden Administration’s ban on drilling on federal land, Biden’s advisors remain hostile to energy independence, so energy production within the U.S. has ebbed in 2021.
• The bears are insinuating that if smart money is selling, a stock market correction must be imminent. But WSJ noted that in Q3, stock buybacks rose to $234.5 billion, an all-time record, which may explain why companies continue to post better-than-expected earnings, since stock buybacks tend to boost underlying EPS.
• In the past 12 months, headline PPI and core PPI have risen 9.6% and 6.9%, respectively. The positive side of this inflation is that the bull markets in residential real estate and stocks remain the best way to protect yourself against inflation, so growth stocks and dividend growth stocks are expected to remain an oasis for investors.

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