In other words, this short-covering rally should be the last nail in the coffin for the reflation trade. And as we see, growth stocks are ready to implode at the same time:
Energy week is not to be confused with Infrastucture week which imploded infrastructure stocks three weeks ago...
Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance. The president also plans to emphasize that after decades of relying on foreign energy supplies, the U.S. is on the brink of becoming a net exporter of oil, gas, coal and other energy resources.
"Drill, drill, drill"
The entire commodity complex has been covering this week:
If you can't see this rally, you need a new microscope:
Healthcare week has been a bust for bulltards who expected Republicons to easily overturn Obamacare. Ironically it was defeated by the Genghis Khan wing of the party that wanted even more cuts to the program.
In other words the last sector making new highs, is not making new highs anymore...
No one with an attention span less than :15 minutes has seen this movie before...
Fracking burial 2.0
Coal Burial 2008 2.0
And retail is leading the market this week, so we know what that means:
Hard landing for dedicated muppets:
Banks 'very much stronger'; another financial crisis not likely 'in our lifetime'
Just remember, deflation is "transitory", the Fed is raising rates to ensure that it remains so...