The U.S. economy grew slower than expected in the fourth quarter of 2022. Moreover, as macroeconomic uncertainties remain, it might be best to avoid energy stocks Delek Logistics Partners, LP (DKL) and Calumet Specialty Products Partners, L.P. (CLMT), which are running out of steam.
Since the start of the Russia-Ukraine war in February 2022, the energy market has been tight primarily due to supply uncertainty. Moreover, rising costs and project delays driven by supply chain disruption and trade policy uncertainty have damped the industry’s prospects.
