No trading halts, even at the height of nuclear catastrophe fears... Slow orderly rotation from growth to commodity stocks.
Discovery mode trying to price in growth, PEs roaming around trying to find their place.
The more pages I read from the covid era the more I feel stupid.
Calls for the fed destroying markets by slashing rates to zero which ended up super charging equities to the moon...
Now I completely understand all the shit I've been given by Blazin
My current thought is, industrials and energy is a bubble that is being inflated by Russian sanctions, in all honesty, the complete lack of effectiveness of the sanctions and oil/natural gas flooding the markets outside the US should be the writing on the wall for how behind traders are that are buying into oil/gas stocks.
It seems like soon as the lock gets removed from Russia the rotation will flood back into growth stocks.
Of course, the fed is kind of out there doing what its doing using words and projections tinkering with shit that is doing some weird things with bonds that I wont speculate on because its beyond my skill level but it only makes sense that eventually those yields are going to get bought down, soon as we see a turn.
I suppose that means sideways consolidation waiting for a move, earnings wont necessarily help, good or bad with the direction were going but I assume it will be up eventually.
If anyone disagrees feel free to enlighten me.