Massive debt and great share of fuel in expenses can't justify this run. XLU back under resistance
The sector sees fall in demand because of the rates rise. But still considered a safer haven
Good point for a rebounce. Chemicals look especially nice. But it's still a sideways movement, needs to breakout either way
It's not about data anymore. But if it was - demand shrinking, prices overinflated. It has to go down eventually
Consumer staples seem to be strongly overbought, the downturn is obvious, this will help other sectors in terms of money flows rotation. No good buys in sector, everything is overvalued - tells you something, doesn't it
The funny thing is - US have been exporting inflation for decades. Now they seem to be importing it. Chinese and German manufacturers rise prices at double digits, while US producers struggle to cope with logistics imbalances. Strong decline after hitting a downtrend resistance shows lack of belief. Wrong stage of cycle.
The pressure is immense. Consumer getting less confident, supply chain disruptions still on, producers prices pressing the margins. No happy ending here
A wide mover, but still an uptrend. That's where you want to be today - no inflation worries, solid companies grow being still attractively valued.
Communications are past it. Netflix reaction tells you a story. Overpriced not growing companies will keep on moving down. But a slight rebound is due
Most of the banks trade at market cap of 50-70% of their actual working capital. They have strong balance sheets with lots of cash. And they will benefit from turning overnight repos with 0,05% to bonds with 3% yield. 30 bln in profits out of thin air. Just have to overcome the panic at some point
Inflation has peaked, but maybe not. a 0.75 hike is incoming, but maybe not recession is coming, but maybe not Too much fear and agenda. Reality is not that frightening
Last time I underestimated oil and gas prices as a cost for utilities. For now dont see any significant downturn there. Labour cost doesnt help as well
Energy stocks are benefitting from geopolitics and oligopoly market structure, but due for a small cooldown as situation gets better
Many of the industrials stocks have come to reasonable pricing, but the amount of debt and price of raw materials still weigh on the sector. Possibly a weaker rebound on risk on sentiment
A rebound is due - strong retail sales and housing stats will support the sector despite the growing inflation concerns.
Massive caps with minor business have pulled the sector down, despite the really strong defensives still looking good, Risk on can come back here
Options flow show us a rock bottom at 67 for xlc, and a rebound to 74 within a month
After a descent 15 per cent correction many stocks have come to fair valuations. Fibo 2.0 is the key