This is going on my all time weirdest charts list
I think to prepare ourselves for the next level of technical analysis, and to separate the winners from the chaff, I'm going to compile all the weirdest charts I've seen during my time in the markets and use them as a test/learning tool. And this is the one that gave me the idea.
Oh, and learning things aside, I think this week has marked another step in the giant unraveling of the COVID trade. Or some just call it the reflation trade. But basically there was COVID, we ignored it, it bit us, it shut down everything, then we realized its not that bad and that many tech stocks would do well and then there was the election and stimulus, which promised us even better futures. But if we're going to be out of the pandemic, then technology centric stocks are overvalued and leisure stocks are undervalued, and everything else falls largely in line with currency fluctuations and portfolio management.
Oh, and learning things aside, I think this week has marked another step in the giant unraveling of the COVID trade. Or some just call it the reflation trade. But basically there was COVID, we ignored it, it bit us, it shut down everything, then we realized its not that bad and that many tech stocks would do well and then there was the election and stimulus, which promised us even better futures. But if we're going to be out of the pandemic, then technology centric stocks are overvalued and leisure stocks are undervalued, and everything else falls largely in line with currency fluctuations and portfolio management.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.