By my naive estimate oil sector as a whole is fairly valued at the moment.
Historically they say it was two times bigger %% of S&P than now - but this may mean just that S&P is twice overpriced and is poised to prolonged bear market.
Raising rates and the market being in kind of state of denial suggests we’re still in early stage of the bear.
By my naive estimate oil sector as a whole is fairly valued at the moment.
Historically they say it was two times bigger %% of S&P than now - but this may mean just that S&P is twice overpriced and is poised to prolonged bear market.
Raising rates and the market being in kind of state of denial suggests we’re still in early stage of the bear.
random question, why do you use a picture of what i presume to be of yourself from 40-50 years ago?
Random answer, nostalgia