XOI oil index vs Nasdaq. Most hated vs Most loved (seems tide is turning for both)
Weekly RSI on this ratio unheard of 9 in April 2020.
I will always remember the great Kennedy Gammage of the Richland Report
talk about the cyclical shift between paper assets and hard assets.
That was in the 1998-2000 time frame when Gas was a $ at the pump and gold was selling for a few hundred bucks,
the Nasdaq was floating like a butterfly and stinging like a bee.
Sure looks like that shift is taking place again. In the fed we trust - "It's only transitional"
Weekly RSI on this ratio unheard of 9 in April 2020.
I will always remember the great Kennedy Gammage of the Richland Report
talk about the cyclical shift between paper assets and hard assets.
That was in the 1998-2000 time frame when Gas was a $ at the pump and gold was selling for a few hundred bucks,
the Nasdaq was floating like a butterfly and stinging like a bee.
Sure looks like that shift is taking place again. In the fed we trust - "It's only transitional"