RE:the only wayAurum1983 wrote: Rate hike has likely peaked.
We probably won't have a recession or if we do, a shallow one.
Covid...well, the discussion is purely academic now, no one is talking or even mentioning a lockdown or other similarly stupid measures like number of deaths etc..
oil supply - zero indication that 2023 will see an increase.
oil demand - China...unless the people risk their lives again to protest but for a voluntary lockdown...get it? The people want to spend. Look at their Jan travel stats.
So...the only way to keep oil price down is to release more from the SPR. oh....they did that already.
Just a matter of time before fundies move money from their zombie growth stock to o/g. Look at Tesla...FAANG...That money has to go somewhere. We are in transition so be patient. o/g in 2022 was a gamble but 2023 onward is a legitimate sound investment.
I agree with you 100%, but you will always see a large amount of lemmings that will jump right back into tesla and the faangs, corporate fundamentals mean nothing if they did the market cap of tesla would be approx 75 billion, enough said.