RE:RE:RE:Everyone else is upAttempting to go long on fundamentals on a +4 beta micro cap is not very astute in the short term. Micros are the very last to experience capital inflows hence the +4 beta high volatility. Until the market responds to a soft recession landing or craters to a hard landing, the volatility will continue.
One point made about demand in a recessionary environment is that historically demand has not collapsed. What has occurred is that demand expansion has gone down, not demand itself. Huge difference.
Even lashing has said he will go long when the circumstances call for it but for now, he is right in the trading call. There is no doubt about the supply deficit and $65 WTI will kill drilling in an inflationary cost and skills shortage environment as well. Demand is the wild card.