06/21/2023
Recently I have explained on my Twitter account that the stock market is dealing with a large UGLY pattern that is causing a winnowing of values in the stock market.It is producing a morphing of the subjects of:the entertainment industry;the tech industry;banking and currencies of the world and the realm of medicine.
It is happening in a stealthy way so it doesn’t appear to be rapid but,in fact,the changes are fast and permanent.Once things morph they will never go back to what they were before.We can see this in entertainment in such stocks as those of “Disney”;in tech with”AI” and chip stocks going to the Moon in value in what may be an ephemeral action;banking in the banks that failed quickly and in medicine with sudden advents as today what happened with the stock;”Exact Sciences”which appears to have a new advent for testing colon cancer.
What then the investor will find interesting if they think about change in these four catagories is how startling the new ideas are coming in and how fast things in the past have gone for good.