1. Oil prices surge, and stocks make new highs nevertheless. It looks like I was right (so far) on all counts: (a) The strait remaining in some Schrodinger-like state of being blockaded or opened, possibly until 2028, as I wrote here. At this point the stock market has stopped caring, as I also correctly predicted. (b) Surging oil prices not hurting stocks. (c) CPI remains puzzlingly low despite >$100/barrel oil. (d) Bitcoin lagging stocks as QQQ keeps going up. The divergence between Bitcoin vs QQQ will keep widening, similar to 2025. I will profit by remaining “short” Bitcoin and “long” QQQ, as I did in 2025 and earlier this year. 2. It’s been 3 years since GLP-1 drugs saw mainstream use. There was/is a popular narrative, from October 2023, that these drugs will hurt consumer spending due to people eating less. With Walmart stock at record highs, I was right again. This is because: -Restaurants and retailers can respond by raising prices and offering smaller portions, boosting…
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