Nothing happens in a vacuum and everything’s connected - the thing that makes markets interesting can also make them… well… challenging.
Today, we’re going to use a different comparison device, and look at the relationship between energy and consumer spending - and we’ll confirm what we find using utilities and copper. (Not just throwing darts here - it will make sense, I promise.)
We’re also going to see how the bounce in oil prices (energy) and Visa (V, consumer spending) is probably going to end up a failed rally.
And we’ll look at big names like Home Depot, Amazon, and Constellation Energy, too.
Let’s get started…