Our Insights

This month Jason Weaver discusses Core CPI, the Russia/Ukraine Conflict/Commodities and Quality.


Core CPI

Aggregate of prices paid by urban consumers for a typical basket of goods, excluding food and energy

Core CPI is widely used by economists because food and energy have very volatile prices

February Core CPI rose 6.4% (highest since August 1982)


Russia and Ukraine Conflict/Commodities

Russia is a commodities powerhouse, producing and exporting materials the world uses to:

1/10 of the world’s aluminum and copper

1/5 of battery grade nickel

1/2 world’s neon production for chips

1/3 of the world’s wheat, corn and meat

The invasion of Ukraine is constraining crucial supplies as Russia becomes increasingly isolated from the global economy, driving up prices in the process.



The stock market has been riddled with high inflation, monetary policy tightening and the Russia-Ukraine war.

High quality stocks are widely favored to combat uncertainty

Quality companies have the following characteristics

Higher /reliable profits

Low debt

Sustainable earnings