Sep. 18 at 4:53 PM
$CVX Here's the chain that ran the whole week. Oil sets inflation, inflation sets Fed expectations, Fed expectations set the 10-year, and the 10-year sets the rate every future cash flow in the market gets discounted by.
Chevron sits at the front of that line.
Which is also why energy names come back expensive on a cash flow basis right now. Q2 was a record quarter driven by the war spike, and the model projects that forward as if it lasts.
What's it worth? 👇
https://techdamentals.com/v/CVX
Educational, not advice.