SL Advisors Talks Markets
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Simon Lack and Henry Hoffman of SL Advisors consider inflation risks to investors and how to respond.
SL Advisors Talks Markets
5h ago
I traveled through Indiana last week. A day and a half of meetings in and around Indianapolis were followed by a drive south for an afternoon at Churchill Downs in Kentucky. If you’re lucky enough to be invited to a Jockey Club hospitality suite, a good time is guaranteed. Tye Uppinghouse, our Catalyst Mutual Funds ..read more
SL Advisors Talks Markets
3d ago
Last week my partner Henry Hoffman and I had the opportunity to chat with Peter Hill. Peter holds board seats or is on the advisory committee of several companies where he provides energy advice, including Edge Natural Resources, Jaguar Exploration and Citizen Energy LLC. His long career includes 22 years spent at BP in various ..read more
SL Advisors Talks Markets
1w ago
Last week the WSJ published an interesting chart, reproduced below. It was in an article ominously titled America’s Economy Is No. 1. That Means Trouble. The chart shows that US share of global GDP has been increasing for over a decade. We’ve gone from 21% in 2011 to 26% this year. It’s an amazing performance ..read more
SL Advisors Talks Markets
1w ago
Progressives will maintain that the planet is on track to burn up, but realists will see an unfolding positive story. Transitioning our energy systems is incredibly expensive, slow and inflationary. JPMorgan just published research (The Energy Transition: Reality check needed) acknowledging this and calling for a reset. No big company says anything about energy without ..read more
SL Advisors Talks Markets
2w ago
As we sat down to lunch in London’s west end earlier this month, Richard told me his family had been good friends with Patrick Moore, presenter of BBC’s The Sky At Night from 1957 until his death in 2012. He was a passionate amateur astronomer who taught viewers what they were looking at in the ..read more
SL Advisors Talks Markets
2w ago
The Wall Street Journal called it “Biden’s Green-Energy Price Shock”, noting that electricity prices have increased by 21% since January 2021. That this has coincided with increased solar and wind output ought to surprise no-one. Thoughtful progressives should hail this as a positive development and argue that higher energy prices are an inevitable and worthwhile ..read more
SL Advisors Talks Markets
2w ago
The Magnificent Seven may be shrinking to the Fab Four as the number of AI-linked market leaders diminishes. Tesla and Apple are down on the year while Alphabet lagged the S&P500. That leaves Nvidia, Meta, Amazon and Facebook leading. As with the dotcom bubble 25 years ago, if you can link your business to the ..read more
SL Advisors Talks Markets
3w ago
Vaclav Smil is often described as a polymath. His website says he does interdisciplinary research in the fields of energy, environmental and population change, food production, history of technical innovation, risk assessment, and public policy. He is Distinguished Professor Emeritus at the University of Manitoba. I first came across his books when Bill Gates described ..read more
SL Advisors Talks Markets
3w ago
JPMorgan’s 14th Annual Energy Paper (subtitled “Electravision”) is as always packed with data and insights. Mike Cembalest has few peers among investment writers. Two themes, the slow electrification of western economies and the challenges of Electric Vehicles (EVs) stood out. As Cembalest has noted before, renewables are gaining market share of power generation faster than ..read more
SL Advisors Talks Markets
1M ago
By Henry Hoffman, Partner, SL Advisors In the realm of global energy, 2024 was heralded as a landmark year for the expansion of liquefied natural gas (LNG) projects, particularly for America. Optimism was buoyed by the prior year’s achievements, wherein American enterprises reached Final Investment Decision (FID) on the equivalent of 5 Billion Cubic Feet ..read more