HULK SMASH
What a welcome to the new year! Hulk just smashed everyone’s portfolio to start out the year. Yesterday was rough across the board. I think what we witnessed was profit taking. Everyone loves to start out in the green and the best way to do that is to sell what made you money last year.
Musings of an Ex Oil & Gas Analyst: Today’s huge slide in oil and gas stocks was partly due to investors wanting to take profits from their huge gains in 2022 but wished to defer any capital gains tax for a year.
All opinions very welcome.
Now if this is true (and I highly likely believe it to be the case), then Mr. Market just handed us a big gift.
