This Is A Tough Macro Environment We Are Entering So Prudence Is Needed

CPI headline figures of 8.6% came out today pushing the broader market lower. The market is now pricing in 3 50 basis point Fed hikes and equities from tech to energy are feeling the pain.

For energy investors, the outperformance this year is stunning, but we can't just assume this level of outperformance will continue especially when the macro dark clou…