Do you sense the shift in the timeline (extra Mandela effect)? Be careful buying today’s milquetoast rally, for there is a rapid deterioration underway in both commodity related names and rate sensitive issues.
With Fed hikes looming, anything associated with inflation or loose money policy is getting dismantled. The whole construct of gold and utes as a hedge against a weakening dollar has been cracked asunder to the new narrative: arrogant and intrusive federal reserve policy, literally geared at derailing the economy.
I’ll say it again, for effect. The Federal Reserve is intent on derailing the economy to foment a new crisis, which will then provide shroud their cult with an air of relevancy.
Oil prices are getting hammered, off by more than 4% on the day.
Anything in basic resources, sans uranium stocks, are getting hammered, particularly oil, REITs and utilities.
From my vantage point, this market is to be avoided in the interim. There are too many disturbances in the matrix. Wait in cash for better prices.
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This market is gay.
Do you still spray tan all the time Fly?
Spray tan? You must have me confused for someone who gives a shit what other people think of me.
What’s exodus say tho? Man the Fed right, damn, just always trying to destabilize society and ruin America.
$CLF… Damn.
Fly, you did not see this coming, the rise in crude oil inventories? I posted here more than a month ago the demise of crude. Step up your game,
Natty gas is up a couple percent again today… off the lows its up about 15% +/-….. the spring rallies March- June are decent in % gains… on the order of 35%+/-…
UNG is a steady eddie way to play the game and with those with a lust for life ( iggy pop) can use the BOIL or the HNU.to……
Long TLT because I think the rate hike is baked in and I suppose if things get really horror show people will come running into them as well.
Senor, would you explain to me why rate sensitive stocks, particularly the banks, are getting slapped? Is it because the easy $ has been made, a la Gundlach??
To clarify, bank stocks rise into a hike or several…