Josef Schachter – Macroeconomic Fundamentals Affecting The Energy Sector
Josef Schachter, Founder and Editor of The Schachter Energy Report, joins us to focus on the energy sector with a focus on the macroeconomic drivers on the supply and demand side for the oil and natural gas markets. Much of the geopolitical forces involve tariffs easing for Venezuela, and increasing from Europe to Russia, as well as challenges in the US production due to the current administration, and a general slowing of the larger economies globally.
We discuss the challenges that inflation, Fed policy challenges, the potential for recession, and how the weak markets almost across the board may shape the setup for a larger correction even in the energy sector. Josef feels many of the energy stocks may see significant pullbacks from current levels and is encouraging his subscribers to pull profits off the table and wait for better buying opportunities in the fall. He’s more constructive on buying the nat gas energy services company once we see a sector correction play through.