With the Federal Reserve set to implement aggressive interest rate hikes to combat inflation, the broader narrative for energy stocks to buy may not be that appealing to investors. However, it’s also clear that thanks to hotter-than-expected inflation readings, the central bank has its work cut out for it.
Another factor to consider is the worsening geopolitical situation. Recently, Russia stirred the pot of its invasion of Ukraine by cutting off natural gas to Europe via the Nord Stream 1 pipeline. Effectively, a large portion of hydrocarbon supplies is now offline to the western world. Almost invariably, then, this catalyst will boost energy stocks to buy.
Therefore, with so much volatility, it’s wise for investors to focus on energy stocks to buy.
This post appeared at Dynamic Wealth Report.