War Schmwar
War Schmwar By Peter Tchir of Academy Securities Markets have been almost totally dismissive of the conflict in Iran. Frankly, the number of countries, including oil-rich nations, that had been firing at each other seemed quite high, yet most markets shrugged it off. While the Strait remained closed, or blockaded, or blocked, the market remained in Open Sesame mode this week. Moonshot Artemis II wasn’t the only “moonshot” we’ve seen. The SOX index has jumped almost 50% since March 30th . That would be incredible, but 18 straight days of gains is wildly impressive ! (Even the NY Mets could only do the same thing 12 days in a row, but in the other direction). The lower chart is RSI (Relative Strength Indicator and one of my favorite technicals to look at). This index went from the cusp of ov
Justin Tomlinson1 source
War Schmwar By Peter Tchir of Academy Securities Markets have been almost totally dismissive of the conflict in Iran. Frankly, the number of countries, including oil-rich nations, that had been firing at each other seemed quite high, yet most markets shrugged it off. While the Strait remained closed, or blockaded, or blocked, the market remained in Open Sesame mode this week. Moonshot Artemis II wasn’t the only “moonshot” we’ve seen. The SOX index has jumped almost 50% since March 30th . That would be incredible, but 18 straight days of gains is wildly impressive ! (Even the NY Mets could only do the same thing 12 days in a row, but in the other direction). The lower chart is RSI (Relative Strength Indicator and one of my favorite technicals to look at). This index went from the cusp of ov
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