Trends Persist With or Without You

JC Parets
June 4, 2022

We're looking at new 7-year highs for the Energy Sector Index Fund.

How many stocks and ETFs in America do you think are doing that?

Since January all I've been hearing is, "No one cares about your shitty little energy names JC, people trade growth stocks".

True story.

Meanwhile, we're seeing new 13-year highs for Crude Oil.

Oil prices are currently at the highest levels since the summer of 2008.

Remember Summer '08?

Good times...

The question investors are wondering, myself included, is whether this is in fact 2008 all over again.

If you remember, the rest of the stocks and sectors had already been falling for over a year by the time Energy peaked in the summer of 2008. And then everything came tumbling down.

Is it going to be like that again?

Or is this time different?

We tackle this question on this week's Live Monthly Charts Strategy Session. In this video, you'll have everything you need to know heading into the summer.

Premium Members make sure to give it a watch and then shoot me a note and let me know what you think!

JC

 

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