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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Winfastorlose who wrote (190495)	6/2/2023 7:51:34 AM
From: robert b furman	4 Recommendations Recommended By isopatch rdkflorida2 toccodolce Whitebeard Respond to of 207679

Good Morning Win, It has been frustrating. Brokers need inventory. I also think there is a ton of puts and calls in open interest. MM have to shake the tree to get the inventory and then assign it to make that monthly paycheck. It is taking them some time to accomplish that, it appears. It is always good to see semis lead the market. Last semi run turned over back in January to February of 2022. Three wave corrective looks to be over and the runup should be historic. Time to get long and then be patient I'm thinking. A lot of people have been told to get out - "The Recession is coming!" I'm not a big Goldman Sachs believer, But Jeffrey Currie knows his history. When the Fed raises rates and a recession does not occur oil does a multiple or three. On 1/1/2007 /QM was at $51.05, From 2006 to 2007 the Fed raised rates and paused in 2007. 19 months later crude topped at $147.00. Opec's last great control of the price of oil. Give those folks pricing power (which they now also have) and they'll bleed the world dry. If that repeats, the energy sector is a long term play. Give XOM and CVX 18 months of higher crude and they'll buy back so many shares, they'll go private. Not really but they will print money! Some time in 2025 inflation will be stagflation and Treasuries will be: "where to be". 7% 30 year? In between a parabolic run up of historic proportions is a possibility. If inflation is sticky: "Stocks will protect you", until they don't. Then treasuries will be where to have half your cash. The other half will be needed to sell puts as they drag along the bottom for years, that happens after a historic major distribution top occurs. Might just be the last one some of us oldsters get to see. Hope not. Bob