Greetings to my Slope family. Now that we’ve made it to August of this year, the bullish combination of seasonality mixed with the March Fed banking bailout appears to be wearing off. I wanted to take a step back and look at the big picture once again, along with some of my primary positions that I’m holding heading into the end of the summer.
First, let’s take a look at the 10 year crude oil to broader market analog. I think this will be important for both the remainder of this year, but I also believe it will be an important guidepost for what is coming down the pike over the next couple of years. As a reminder, what crude oil did ten years in the past gives us a good echo for what to expect the broader market to do in today’s market. This is not a tick for tick, day by day analog. It also focuses on direction, not magnitude of expected moves.
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