This is a good follow up to my S&P warning / Nvidia warning
Darshan shows that oil as a 10 year leading indicator for the S&P
From Dorsey Intel.
The Reckoning Has Arrived: my latest fix on McClellan's ~10 year leading indicator (https://lnkd.in/eF6YbgeM) paints a grim picture. Expect 🐻bearish Risk OFF market behavior through the end of the year, followed by a relief rally ~ Q1'25. Despite higher volatility ahead, good arbs (🐂long:short🐻) exist in BTC:Tech (AAPL,QQQ), DefAero(BA,EADS,NOC):Cyclicals(F,TSLA,XLY), and Coal,Steel,Wood,Paper:Semiconductors.