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Energy Investing
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Re: This Week in Petroleum (some graphs)Amazon was to a large degree a pandemic stock, much like Netflix, Peloton or Zoom. The opening of malls, the increase in wages, high energy costs are all affecting Amazon. No surprise that their numbers are not stellar. Much of the tech sector is collapsing for the same reason that trees dont grow to the sky, great companies but the stars are no longer aligned. Many are in total shock after years of unbelievable growth... Its hard to know how much it will affect energy, with numbers that are clearly improving and being such a small segment of the market, the impact could be minor.. Bill Ackman bit the bullet and dumped Netflix, so far Cathy is doubling down.. |
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