Energy is now historically low in regards to it's percentage allocation in the S&P 500 components.
Likely going to build a long term position if we reach the target, likely early 2020
XOP 3x levered GUSH is trading in the $2's haha... going to need to split soon
My two most favorite indicators (RSI+MACD; not too crazy) just broke their monthly trends.
I think consumption data should be followed more closely in the next quarter to provide us with reassurance that the consumer remains strong.
Watch unemployment to remain contained, sentiment remain broadly positive - Umich, NFIB smallbus, OECD CEO - and that Homebuilder...
Last week's bearish call was wrong. Was looking for continuation lower, but trade war rumors and short term oversold indicators caused a bounce. Never short in the hole.
Let's see how this week plays out.
Slowing Growth is unlikely to trough until H1 2020. Recession 2021 barring any extraneous shocks.
According to what the literature that I've read thus far...