Amid seemingly unending macroeconomic turbulence and market volatility, it could be wise to invest in Overseas Shipholding Group, Inc. (OSG), Adams Resources & Energy, Inc. (AE), and MV Oil Trust (MVO) with tailwinds to aid their momentum.
Aggressive interest-rate hikes by the Federal Reserve seem to be having their intended and unintended consequences. While the CPI for February increased by 6% annually, in line with Dow Jones estimates, followed by respective declines of 0.1% and 0.4% in PPI and retail sales, at least three regional banks have gone belly up with the potential of contagion risks for the economy and the markets.
