We haven’t even had bad economic data yet. SHOP is down 65% and they haven’t missed earnings YET. All of these stocks before you down 60% WILL GET CUT IN HALF AGAIN before this is all said and done.
Today’s tape is MOST IMPORTANT because it represents liquidation and/or recession trading.
This is what is working and what will continue to work when GDP dives -3%.
KHC, MO, CPB, KO, WEC, FLO, VZ, DGX, ABC, T, MNST, EA, COLD.
Got it?
WE ARE DOOMED and barreling straight for recession. Once there, the commodity bubble will POP and all of the oils will get drubbed back down into their barrels and then and only then will despair rule over Wall Street. Up until now, people have been hiding out in commodities — hoping for supply disruptions and inflation to save them. We will go from inflation to deflation in a blink of an eye — once this all collapses.
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“We will go from inflation to deflation in a blink of an eye ”
The Fly is on the money.
The cycle, this time, of yields to reaction are so much faster than they ever have been. Unfortunately the Fed et al are still playing the 1980’s version of the game
Stagflation