My Risk-On/Risk-Off ratio has reached a 22-month low, dropping below a key level that acted as resistance in 2021/22, which transformed into support from 2023 to the present.
In my mind right now, it's a bear market in stocks until proven otherwise.
But as everyone's favorite cable TV financial prognosticator Jim Cramer says: "There's always a bull market somewhere."And one of those places appears to be in the energy...