Miner Company
Markets Silently Preparing For A 2022-Style Inflationary Shock
So far, markets have been buoyant because EPS estimates for the S&P 500 have been consistently rising over the past 4 months, leading to a forward EPS multiple of 22x. The Strait of Hormuz remains closed, cutting off 25% of the world's crude supply, and significantly increasing risks of supply shocks and surging oil prices, similar to 2022's Russia/Ukraine war.
So far, markets have been buoyant because EPS estimates for the S&P 500 have been consistently rising over the past 4 months, leading to a forward EPS multiple of 22x. The Strait of Hormuz remains closed, cutting off 25% of the world's crude supply, and significantly increasing risks of supply shocks and surging oil prices, similar to 2022's Russia/Ukraine war.