EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES AND INFLATION HIGH

America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors..

Muni Bonds Suggest No Recession

SL Advisors Talks Markets
SL Advisors Talks Markets
Muni Bonds Suggest No Recession
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Many readers enjoyed the recent blog posts on Bad Investment Ideas. Our criticism of ESG was especially popular, with many assessing it as a meaningless investment fad. ESG isn’t inherently bad – who doesn’t want better “G” (Governance) at their portfolio companies? But if every company can find someone to rate them highly on ESG, […]

Bad Investment Ideas Still Flourish (Part 2)

SL Advisors Talks Markets
SL Advisors Talks Markets
Bad Investment Ideas Still Flourish (Part 2)
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A few weeks we posted Bad Investment Ideas Still Flourish (Part 1). The current plethora of products injurious to one’s financial health assured enough material for Part 2. ESG Like many Wall Street fads, Environmental, Social and Governance (ESG) standards started out as a good idea before being used to exploit the naïve and those […]

Pipeline Stocks Resume Their Rally

SL Advisors Talks Markets
SL Advisors Talks Markets
Pipeline Stocks Resume Their Rally
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Managing investments in pipeline companies, even with a bias towards natural gas as we have, nonetheless means explaining the relationship with crude oil. It measures energy investor sentiment like a Texas-sized barometer. A discussion about the near-term direction of oil is often an important timing consideration for many investors. A simple count of the frequency […]

America Dodges The Energy Crisis

SL Advisors Talks Markets
SL Advisors Talks Markets
America Dodges The Energy Crisis
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US households are learning to cope with inflation in basic necessities, such a food and energy. Even though the recent CPI report was encouraging, the rising cost of living is a political issue. Fawlty Towers, the brilliant twelve episode British comedy series with John Cleese as the eponymous hotel owner Basil Fawlty, has a scene […]

The Fed’s Hobson’s Choice

SL Advisors Talks Markets
SL Advisors Talks Markets
The Fed’s Hobson’s Choice
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The Fed has a problem with long-term yields. They are remaining stubbornly low, in willful defiance of steadily increasing short term rates. Slowing the economy so as to raise unemployment will be hard unless bond yields move high enough to impede some capital investment and debt issuance. There were signs of this in the spring […]