Leuthold's Ramsey Sees Smooth Sailing for Stocks to 2017

The video discusses market volatility, highlighting moderate levels as optimal for market stability. It addresses narratives of market complacency and examines risk factors like the US election, Fed rate changes, and Brexit, concluding that none pose significant threats. The discussion shifts to inflation, noting a slight increase but no major concerns due to low crude prices. The energy sector's potential is explored, with a focus on capital spending and normalized earnings.

What is the teacher's outlook on inflation and its relation to crude oil prices?

What observations does the teacher make about the energy sector and its valuation?