Sarge986 LLC President Stephen “Sarge” Guilfoyle foresees two dominant macro trends that play a great role in influencing the sector (^DJI, ^IXIC, ^GSPC) and whether shares can hold onto the current rally.
Guilfoyle joins Julie Hyman on Asking for a Trend to elaborate on the areas he is investing, taking advantage of the high inflationary environment: the utilities sector (XLU) and precious metal commodities such as gold (GC=F), silver (SI=F), and copper (HG=F).
“As AI goes, as bitcoin (BTC-USD) goes on, as electric vehicles go on, the demand for electricity isn’t going to be what it’s been. Demand for electricity nationwide has gone up, maybe like less than 0.5% a year for a number of years,” Guilfoyle explains. “From here on out. I think they’re expecting 2 to 3% expansion per year. so this is going to be an ongoing thing. You’re not going to pay a low price for electricity, I don’t think, probably for a long time.”
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