Energy and Exploration & Production as Proportion of High Yield Is a market carnage coming? Energy accounts for a significant portion of the U.S. high-yield market, with a share of about 14%. Image: Deutsche Bank
Technology Relative to Energy and Industrials Tech companies dominate the global market as never before since the internet bubble. Image: Financial Times
Share of Energy from Renewable Sources In the United States, renewable energy sources account for about 11% of total energy consumption. Image: Deutsche Bank Global Research
S&P 500 Energy Sector Index vs. S&P 500 Composite Index The lost decade for the S&P 500 energy sector. It has gained only 6% over the past 10 years, compared to 189% for the S&P 500 Composite Index. Image: Lewis Krauskopf
Valuation – Apple Market Capitalization and S&P 500 Energy Apple is now worth more than the U.S. energy sector. Image: Financial Times
U.S. Energy Balance Leads Oil-Dollar Correlation Interesting chart suggesting that the U.S. real energy balance leads the oil-dollar correlation by three years. Image: Oxford Economics, Macrobond
U.S. Crude Oil Production and S&P 500 Energy Sector The U.S. is now the largest world energy producer, but the industry’s share of the S&P 500 market capitalization collapsed. Image: Bloomberg
U.S. Core PCE vs. Fed Target The U.S. core personal consumption expenditures price index, which excludes food and energy, rises to 1.6% in June. Inflation trending back up toward the Fed’s 2% target is good news. You may also like “U.S. Core Inflation Expected Over the Next 21 Months.”
S&P 500 Low Volatility Stocks Are the Best Performing Asset YTD This chart shows that S&P 500 low volatility stocks are the best performing asset year-to-date (outside of GSCI energy). Actually, high-quality stocks are a good way to protect against a weak economy. Image: Goldman Sachs Global Investment Research
Why Are Oil and Gas Companies Making Massive Investments for the Next 10 Years? Oil and gas companies are making massive investments for good reasons. The energy demand will flatten after 2030 and the oil and gas industry will go through a transition over the next decades. Below is the oil and gas forecast to 2050.…