So what’s going on here?
It gets costly when the entire market depends on a handful of over-hyped mega-caps.
But e-commerce is piping hot.
For investors there is little clarity through the smoke and haze.
Whiff of short-term capitulation. But crude oil fundamentals not promising.
Fears the bull market died sent people & algos scrambling out of the way.
The Long-Haul “Low-Cost Carrier” Business Model in a world awash in cheap money.
Lured by the siren song of a “buying opportunity” and a fat yield.
Part of a global trend, as exasperated consumers are squealing, but no country has threatened to do what Mexico proposed.
Their “Everything Bubble” is being pricked “gradually,” and they don’t like it.