Energy is best at market tops and energy was the only big sector winner the past 18 months. That is all.
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Energy is best at market tops and energy was the only big sector winner the past 18 months. That is all.
To see Part One of this post, click here.
In fact it preceded 3 of the last 5 recessions 1982 1990 and 2007. Not a bad start considering that the 2020 recession was a very special one.
Now even if 1990 was a recession year it can be considered as a soft landing, things ended up really well at that time and there’s another period that you should take a look at: 1994 when Greenspan aggressively raised rates without causing a recession.
When you look at the chart the pressure index was raised well above the red line and for a relatively long period of time, why did we end up in a no-landing scenario?
(more…)Like every other asset on Earth, Bitcoin has been exploding, which means MIcrostrategy (MSTR) has as well. I’d like to point out its approach to its resistance trendline.
In contrast to Rivian (prior post), you might consider shorting Lucid (LCID) which not only has just about perfectly sealed a beautiful gap, but whose cars I’ve always found pretty damned hideous. The TSLA mania will die off at some point, and when it does, the wanna-be companies will fall all the harder.