In this week’s market update, we are going to talk about the importance of the Federal Reserve’s June meeting and whether this will go down as a Battle of Midway moment in the Fed’s war against inflation.
You’ll be glad to know nearly 2/3 is from fossil fuels, 86% is from fossil fuels + nuclear, and <6% from windmills and solar panels.
In modern markets, the S&P 500 has never lost ground over the following year when advancing volume was 87% or more of total volume for 2 out of 3 days coming off a 52-week low.
This will never change.
Profit optimism has never been lower.