I’d like to mention two car companies, one positive and one negative. The first, Rivian, I wrote about yesterday afternoon, since they reported earnings (well, actually, a multi-billion dollar loss) last night. It’s holding up nicely.
On the negative, I’d say Ford (F) has probably peaked. That horizontal line might constitute a crucial element in a head and shoulders top which is about 80% complete. The nice thing about F is that it has an extremely active, high-volume options market.
