Ongoing Sector Rotation; ENERGY: HES-CVX, COP-MRO, XOM-Calpers

#markets #fed #Rates #inflation #recession #consumerstaples #tech #energy $NVDA $CLOU $SILV $XOM $CVX $MRO $COP $HES

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We've got Michael Belkin and Tracy Shuchart for this week's show. We're diving into sector rotations, key energy mergers, and significant economic shifts.

Michael (@belkinreport) kicks off the discussion by analyzing the ongoing sector rotation towards defensive sectors like utilities and consumer staples. He explores the drivers behind this shift and offers insights on how investors should adjust their portfolios. Michael also recaps the decline of AI and tech stocks despite the AI hype, discusses the geopolitical risks for NVDA due to production in Taiwan, and explains the implications of the prolonged yield curve inversion. Additionally, he touches on the concept of a "selective recession" affecting lower-income consumers and shares his bearish outlook on emerging and frontier markets.

Tracy (@chigrl) provides an in-depth look at recent major moves in the energy sector, including the Hess-Chevron merger, the ConocoPhillips acquisition of Marathon Oil, and the conflict between ExxonMobil and CalPERS. She explains the reasons behind these mergers and the outcomes of these corporate battles. Tracy also discusses the implications of the recent victories of energy companies over ESG proposals, backed by a fascinating chart on ESG mentions in earnings calls.

Whether you're a professional investor or an individual managing your retirement account, this week's show offers insightful analysis and discussions on critical market trends and geopolitical dynamics shaping the investment landscape.
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This is the 107th episode of The Week Ahead, where experts talk about the week that just happened and what’s coming in markets.

Chapters
00:00 Start
00:26 Introduction and key themes
01:00