FENY News and Press, Fidelity MSCI Energy Index From 05/09/23

2023-05-09 14:37:00 ET Summary Growth has made a comeback this year. The recovery of tech stocks has been at the core of this growth rebound. Meanwhile, despite the elevated profits of oil and gas companies, energy funds haven’t had the runaway success they enjoyed last yea...

2023-04-21 17:34:00 ET Summary What can breakeven inflation rates tell us about oil prices, energy stocks, and market direction? It turns out it’s a lot more than you think. With employment back to pre-pandemic levels, the monetary impulse has reversed, the supply-demand im...

2023-04-18 03:35:00 ET Summary The financial media has been warning that first quarter earnings forecasts may be decelerating from their original estimates at the start of the quarter, but I do not see that from the analyst community covering our stocks. That’s why itȁ...

2023-04-17 10:30:00 ET Summary The joint stock-bond rally this year has put renewed focus on portfolio construction approaches. We think a new macro regime needs a new approach. U.S. stocks rose last week but lost steam on Friday on the market partly pricing out potential rate cut...

2023-04-01 08:25:00 ET Summary Factors are the primary market drivers of asset-class returns. The year 2022 was a memorable one for investors, but for not altogether positive reasons. One bright spot, however, was the relative outperformance of equity risk factors versus other pop...

2023-04-01 03:58:00 ET Summary The energy markets look to have taken a bullish turn over the past couple of weeks. Until we see inventory levels move below their seasonal averages, the supply and demand dynamics are probably bearish to neutral at best for now, but, positive signs ...

2023-03-28 12:56:00 ET Summary In this article, I will attempt to present a broad guide for each major asset class - stocks, bonds, commodities and precious metals - and how investors should be looking to allocate to each over the next six to 12 months. Pension funds and instituti...

2023-03-24 16:44:00 ET Summary Supply/demand outlook combined with relatively high yields are creating attractive opportunities for natural resource investors, but potential risks stemming from Russia still need to be watched. We really have to consider whether West is going into ...

2023-03-15 06:30:00 ET Summary The supply and demand dynamics are bearish for now. Should the shorter-dated spreads diverge from the spot price, it tends to provide a decent signal as to the forthcoming price action. Price action continues to look interesting for the oil price...

Summary US Energy stocks appear cheap on a trailing basis but rising capex spending and falling oil prices suggest earnings and free cash flows will fall sharply over the coming months. The Fidelity MSCI Energy Index ETF yields just 3.4%, while the forward yield is 3.2%, having fallen f...