One of those moments when you’re reading your favourite weekly newsletter, you get to a short intro to the charts he offers up of the U stocks, you read the four lines and think, “Exactly. Wish I’d written that.” So I ask for permission to use it, he kindly agrees, here you are:
“The U sector makes me glad I just ignored it. They are all pulling back as they always seem to do after some hype (and hedge funds) hit the sector and then leave. Again, let me hear about fundamentals other than supply cutbacks by key producers and we’ll take interest. Until then, it’s a sector subject to much gamesmanship. No thanks.”
Gary Tanashian’s 522nd edition of Notes From The Rabbit Hole was published this morning. You should read it too.