Energy Investing - fairly orderly correction/rotation still in play - Energy Investing - InvestorVillage


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Msg  420622 of 428875  at  5/25/2022 1:21:29 AM  by

vxmike


fairly orderly correction/rotation still in play

The Dow and S&P were close to flat today. Energy stocks were fairly flat along with oil. Energy no longer panics when tech craps its pants.

Again the Nasdaq fell way more than anything else. Crap like SNAP is getting destroyed as it should along with the other garbage tech and crypto nonsense. The free money party of retail gambling with "stimmies" and unemployment funds is over. Back to investing in stuff that makes money.

The real economy is still strong. The job market is practically invincible. We're undergoing a correction and higher rates will slow things down a bit, but not likely a severe recession due to the amount of cash out in the wild. Interest rates would need to climb to unfathomable levels to remove enough cash to substantially curb inflation.

Still long and strong energy only. Crude storage was about even despite a 6 million barrel SPR draw, and it's not even driving season.


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Msg # Subject Author Recs Date Posted
420637 Re: fairly orderly correction/rotation still in play Wexford 6 5/25/2022 7:50:13 AM


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