The structure of oil strongly resembles the sentiment cycle that Justin Mamis' used to describe the psychological and emotional stages investors and traders go through during the course of a market cycle. This cycle can help investors and traders recognize their emotional responses to the market changes and make objective decisions.
Anecdotally, when I look for posts about oil and energy I am no longer seeing strong favorable or unfavorable narratives. The sentiment feels like people have written it off for more interesting sectors. I'll remain open to the possibility that returning confidence may follow.
Anecdotally, when I look for posts about oil and energy I am no longer seeing strong favorable or unfavorable narratives. The sentiment feels like people have written it off for more interesting sectors. I'll remain open to the possibility that returning confidence may follow.