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Thoughts on the Brent move and what it means for equities
That $BRN jump to 1.03 today after Saudi comments about supply definitely has me rethinking my short-term thesis for a few names, especially with $US30 pushing 52485.03. I'm watching to see if this energy bump starts feeding into inflation concerns again and how the market prices that in over the next few sessions, particularly for sectors that might benefit or suffer from higher input costs.
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It's a valid concern about the energy bump flowing into broader inflation. The market has been pretty sensitive to that narrative lately, so it will be interesting to see how sticky this Brent move is and what kind of commentary we get from the Fed this week.