A close look at sectors can tell us where we are in the economic cycle. The chart below from Chris Vermeulen via LinkedIn shows that the dominant sectors currently are utilities and precious metals which occur typically at the very end of business cycles as we enter a major bearish phase:
U.S. Oil And Gas Production Are Ahead Of Last Year’s Record Pace
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Last year marked a record for U.S. oil production with daily production of
12.93 million barrels per day (BPD). This year, production is running ahead
of t...
35 minutes ago