Income, Energy Infrastructure and MLPs: Post Earnings Season Updates
Midstream energy infrastructure offers income potential complemented by macro and company-level tailwinds. In this webinar, we will discuss how the improving energy landscape benefits midstream, what the Biden Administration’s policies mean for the space, and why increasing free cash flow generation represents a key positive development. Our presenters will review the timely trends across the sector and how an allocation to midstream could enhance overall portfolio income and performance.
Components of the CPI: April 2021
Let's do some analysis of the Consumer Price Index, the best-known measure of inflation. The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and assigns a relative size to each. The pie chart illustrates the components of the Consumer Price Index for Urban Consumers, the CPI-U.
Consumer Price Index: April Headline at 4.16%, Largest Increase Since 9/2008
The Bureau of Labor Statistics released the April Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 4.16%, up from 2.62% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 2.96%, up from 1.65% the previous month and above the Fed's 2% PCE target.
The Fall of the Titans!
The performance of a market-cap-weighted index is driven by a handful of stocks with the largest capitalizations, but these stocks do not remain at the top for long. A smart beta multi-factor strategy is a good solution for investors concerned about the concentration risk of a passive market-cap tracker.
Weekly Gasoline Prices: Regular and Premium Up 7 Cents
As of May 10, the price of Regular and Premium was up seven cents each from the previous week. According to GasBuddy.com, California has the highest average price for Regular at $4.09 and Mississippi has the cheapest at $2.62. The WTIC end of day spot price closed at 64.92, up 0.7% from last week.
No Country Has Ever Taxed Itself into Prosperity
One of my all-time favorite quotes comes from Winston Churchill, who was just as witty as he was a great leader: “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”
The Big Four Economic Indicators: April Employment
This commentary has been updated to include this morning's release of Nonfarm Employment. April's 266K increase in total nonfarm payrolls had revisions that resulted in 78K fewer jobs than previously reported. ("Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.") The Investing.com consensus was for 978K jobs gained and the unemployment rate to fall to 5.8%.
Climate Change Sectors Heat Up
From digital factories to plant-based clothing, climate change investing is much more than just investing in renewable energy, according to the Templeton Global Equity Group.