Pretty much the last bastion of bearish success continues to be in the world of energy. These still look terrific for the weeks and even months to come:
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Energy Bears Rocking
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Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
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Olive Oil
My ceaselessly mentioned bearish ideas on energy, even short-term (like this morning) continue to do well. I see Exxon is pathetically (and, in a perfect world, criminally) screaming about how they’re going to buy back tens of billions in their own stock, which is the ultimate form of self-dealing scheming. It isn’t helping. The energy market is recognizing how dead the economy is going to be next year.
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Morning Energy
Since there’s not a tremendous amount to say about a equity futures market that is up 0.2%, let’s turn our attention to something that’s actually moving, which is crude oil. For perspective, here is the weekly chart of this dynamo, with one particular feature being that swan-dive it took off the high board due to Covid (thank you, China!) and its subsequent bounce.
No-Pec
The latest OPEC meeting was another “buy the rumor/sell the news” kind of event. Saudi Arabia did indeed win agreements for member-nations to cut back and yet………….
Cyber Thursday
Well, after years of waiting, the Cybertruck is starting deliveries today. Considering all the hype and excitement about this rather strangely designed product, I look forward to seeing if it is embraced as a successful out-of-the-box design or, instead, a modern-day Aztek.
