📑 Research Notes for 2022-09-19
This week, we look at hot August inflation, the arrogance of central planning, a refill of the strategic petroleum reserve, the Xi-Putin meeting, and the probable continuation of the Ukraine war.
We conduct extensive investment research and share the most interesting content that we come across every week. Here is a curated list of this week’s top observations.
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Inflation Stays Hot: August Consumer Prices Rise More Than Forecast.
US inflation was firmer than expected in August, likely keeping the Federal Reserve on track for a third-straight 75 basis-point interest-rate hike. The CPI increased 0.1% from July, after no change in the prior month, Labor Department data showed.
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The Fed Doesn't Know What It's Doing.
Hugh Hendry, founding partner of hedge fund Eclectica Asset Management, says the Federal Reserve doesn't know what it's doing.
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Biden Officials Weigh Buying Oil at Around $80 to Refill Reserves.
The U.S. may begin refilling its emergency oil reserve when crude prices dip below $80 a barrel, according to people familiar with the matter.
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China's Xi to Meet Russia's Putin During First Trip Abroad Since Pandemic.
Chinese President Xi Jinping will be making his first trip outside his country in more than two years. Xi will visit Kazakhstan and Uzbekistan from Wednesday to Friday. Uzbekistan is hosting the Shanghai Cooperation Organization summit, which will give Xi a chance to meet Russian President Vladimir Putin in person for the first time since Moscow began its invasion of Ukraine in February. Meanwhile, the US is considering issuing sanctions on China to deter the country from invading Taiwan.
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The War in Ukraine Isn't Close to Ending.
Richard Haass of the Council on Foreign Relations, says the war in Ukraine won't end anytime soon. He talks about what the leaders of Ukraine and Russia need to stop the fighting.
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Last Week’s Market Performance Heatmap
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Curated by Joseph Lu, CFA®
Joseph is the founder and a managing director of Conscious Capital Advisors, as well as a CFA® Charterholder.
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