On Crude Oil, Valuation & AI

The Q4 earnings of Occidental Petroleum provides a case study in how an oil producer can grow earnings at a time when global production is outpacing consumption and oil prices are weak. … Also: It’s not just the richly valued Information Technology sector that has propelled the S&P 500’s forward P/E well above its historical average. Multiples have expanded over the past year for nearly all S&P 500 sectors. Today, Jackie examines valuation inflation among non-tech sectors. … And: A look at the upgrades to AI LLMs and AI agents that serve as personal assistants—smart enough to get on your computer and do errands from shopping to posting.