Ed Moya – Investors Should Embrace The Volatility In The Energy Sector
Ed Moya, Senior Market Analyst at OANDA, joins us focus on the energy sector, and how the continued breakout higher in oil, gasoline, and natural gas prices will affect consumers and businesses. The conversation touches upon the macro supply/demand trends that were in place well over the last year and how the Ukraine war, and related energy sanctions to Russia, only intensified the situation in the energy markets. The price moves in the oil and gas stocks have been extreme, but investors that were able to embrace the volatility have done well in one of the only sectors to remain elevated in the recent market weakness.
We also explore how these higher energy prices could affect consumer discretionary spending the summer travel season, as well as how these higher cost inputs could affect company earnings.