Airlines have a lot to tell us about the economy. Leisure is the first to go when families and Biz start to feel the pinch.
I first started warning about it here on tradingview back in March 2021 see chart below.
As is usually the case, barely anyone noticed what I posted back then or since. Why? The chart back then seemed very bullish and all the news talked about was post-Covid travel mania blah, blah.
Remember, News, Social media "experts" will tell you either what happened, OR what is happening. Never what is going to happen unless they are shotgunning guesses that no one will ever bother to go back and fact-check.
I on the other hand am a firm believer in accountability. hence why I love posting on TV. It time-stamps my calls for the world to see. I am either right or I am wrong. Period! The record speaks for itself.
• If you're wrong, admit it. • If you're confused, ask questions. • If you're stuck, seek for help. • If you make a mistake, learn from it. • If you learn something, teach others.
If you have followed me for some time you should be able to easily identify this pattern. You know the success rate I have had with CRACKS!
I believe rate hikes are done, they have to bring them down ate least temporarily otherwise not just the airlines that are going to suffer. Many banks will go flat and a lot of people will lose their savings. FDIC insures 1.1% of your money in the banks, many don’t know that.