Apple and Netflix, two vital components of the tech growth narrative, are under siege.
Valeant Pharmaceuticals, and similar aggressive drug caitiffs, is death spiraling towards oblivion.
Retail is in tatters, complete fucked from crown to foot.
The banks are a joke, hamstrung by onerous regulators and shrinking margins.
The sole bastion of hope, and cocaine fueled joviality, can be found in the oil patch.
With crude angering its way higher, a great merriment will sweep the nation. People will rejoice in higher fuel and power generation expenses, while stockpiling copper tubing.
With oil going higher, industrials seem to work too. They’re interconnected.
In summary, to be long this market with any semblance of confidence, you must pray to the ghost of John D. Rockefeller, hoping that he can provide succor to the price of crude from Elysium. If crude fails here, the market is going straight down like swill in a sieve.If you enjoy the content at iBankCoin, please follow us on Twitter