Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Jason Trennert says buy energy stocks after Hamas attacked Israel By: Invezz October 09, 2023 at 14:23 PM EDT Oil prices are trending up today after Hamas – the Palestinian militant organisation launched an attack on Israel over the weekend.Market strategist recommends buying energy stocksResponding to one of the deadliest offensives it has ever faced, Israel ordered a “complete siege” of the Gaza Strip this morning making some believe that the growing conflict will have “ripple effects for years”.Watch here: https://www.youtube.com/embed/SdCEQn2_vYI?feature=oembedAlso on Monday, Jason Trennert of Strategas said the conflict that has already killed more than 1,300 on both sides, including nine Americans, could deliver upside in energy stocks as wars tend to be inflationary.“XLE” – the Energy Select Sector SPDR Fund had ended last week just above the price at which it started the year. Brent crude and West Texas Intermediate are exchanging hands at north of $88 and over $86, respectively, at writing.Israel-Palestine conflict could lead to stickier inflationTrennert told clients in a research note today that Israel-Palestine war may continue to exert upward pressure on oil – turning inflation stickier than it already is.It’s difficult not to assume that the war is likely to put a bottom in the price of oil; this, in turn, may put pressure on the U.S. consumer.🚨🚨BREAKING: The Israeli ground invasion into Gaza will start tonight .#Israel #Palestine #Hamas #طوفان_الأقصى #IsraelPalestineWar #طوفان_القدس #IsraelUnderAttack #GazaUnderAttack #Gazapic.twitter.com/HunTdCW1aH— Kate Bolduan (@Visegrad22) October 9, 2023Note that inflation jumped back to up 3.7% (year-on-year) in August versus up 3.2% in July. If the September report due on the coming Thursday comes in hot again, the U.S. central bank may have to consider not just leaving rates higher for longer but raising them further as well. While such a scenario doesn’t really paint a rosy picture for the stock market at large, the war-driven surge in oil prices will likely see energy stocks rally in the coming months, the Strategas’ expert concluded.The post Jason Trennert says buy energy stocks after Hamas attacked Israel appeared first on Invezz. Related Stocks: Liberty All Star Equity Fund Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Jason Trennert says buy energy stocks after Hamas attacked Israel By: Invezz October 09, 2023 at 14:23 PM EDT Oil prices are trending up today after Hamas – the Palestinian militant organisation launched an attack on Israel over the weekend.Market strategist recommends buying energy stocksResponding to one of the deadliest offensives it has ever faced, Israel ordered a “complete siege” of the Gaza Strip this morning making some believe that the growing conflict will have “ripple effects for years”.Watch here: https://www.youtube.com/embed/SdCEQn2_vYI?feature=oembedAlso on Monday, Jason Trennert of Strategas said the conflict that has already killed more than 1,300 on both sides, including nine Americans, could deliver upside in energy stocks as wars tend to be inflationary.“XLE” – the Energy Select Sector SPDR Fund had ended last week just above the price at which it started the year. Brent crude and West Texas Intermediate are exchanging hands at north of $88 and over $86, respectively, at writing.Israel-Palestine conflict could lead to stickier inflationTrennert told clients in a research note today that Israel-Palestine war may continue to exert upward pressure on oil – turning inflation stickier than it already is.It’s difficult not to assume that the war is likely to put a bottom in the price of oil; this, in turn, may put pressure on the U.S. consumer.🚨🚨BREAKING: The Israeli ground invasion into Gaza will start tonight .#Israel #Palestine #Hamas #طوفان_الأقصى #IsraelPalestineWar #طوفان_القدس #IsraelUnderAttack #GazaUnderAttack #Gazapic.twitter.com/HunTdCW1aH— Kate Bolduan (@Visegrad22) October 9, 2023Note that inflation jumped back to up 3.7% (year-on-year) in August versus up 3.2% in July. If the September report due on the coming Thursday comes in hot again, the U.S. central bank may have to consider not just leaving rates higher for longer but raising them further as well. While such a scenario doesn’t really paint a rosy picture for the stock market at large, the war-driven surge in oil prices will likely see energy stocks rally in the coming months, the Strategas’ expert concluded.The post Jason Trennert says buy energy stocks after Hamas attacked Israel appeared first on Invezz. Related Stocks: Liberty All Star Equity Fund