Key Points
- Brent crude spot prices reached $141.36 per barrel on Thursday.
- ISM Services PMI declined to 54% in March, reflecting slowing growth.
- However, the ISM Services Prices index accelerated to 70.7%, warning of an inflation shock.
CNBC reports that Brent crude spot prices reached $141.36 per barrel on Thursday, the highest level since the 2008 financial crisis.
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Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.