By Paul Sankey
Published on August 20, 2024 at 11:49 AM
With the Democratic National Committee in full swing, CNBC today highlights a study by The Rhodium Group/MIT on the impact of the irritatingly-named Inflation Reduction Act (IRA). It deserves a way more accurate name, but IRA it is. This is the Clean Energy Subsidy Act, inflation reduction it surely is not. However, it is having a massive impact. All quotes are directly from Clean Investment Monitor: Tallying the Two-Year Impact of the Inflation Reduction Act …
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By Paul Sankey
Published on August 18, 2024 at 4:07 PM
On Friday I chatted to a major & long term client, a gen-u-ine hedge fund portfolio manager, and I realized that all our stock views right now are about multiple expansion/contraction; because we cannot get there on a bullish macro call. So today we talk multiples. ~ People kindly ask me how its going at Sankey Research, and the response is that the primary driver of our business is “Oil’s share of the S&P500”. Below …
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By Paul Sankey
Published on August 15, 2024 at 12:26 PM
Sorry I am late today, you can blame mid-August but actually I ran out of time vs a long-awaited Doctor’s appointment. I made it within the aggressively enforced 20 minute grace period which does not apply to any Doctor. Early in the day, whenever, they are always 30 minutes late. Don’t start me on the US health system for the self-employed research analyst. All you need to know is that I pay $2,600/month and my …
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