bear with me...
two travel charts:
(1) Carnival Cruise Lines
https://stockcharts.com/h-sc/ui?s=CCL&p=D&yr=1&mn=6&dy=0&id=p55302652342&listNum=36&a=712173594
(2) Air Canada
https://stockcharts.com/h-sc/ui?s=AC.TO&p=D&yr=1&mn=6&dy=0&id=p55302652342&listNum=36&a=712173594
so what gives? we're takin' RVX here. Well RVX took a hit when COVID hit - no trials, no deals, everything ground to a halt. But, nowhere was that also more true than with travel stocks. Nobody has been travelling for the past 9 months. Now the market (reference the 2 charts) is telling us something is afoot. We're just over two weeks away from the end of tax loss selling, and the market is looking ahead. RVX won't be the first to move as the market begins to discount an end to lockdowns, but it will catch up...and heart and stroke will return to be the #1 killer in western society. I still think DM is the biggest Foghorn Leghorn blow hard going, but hang in there. We'll get there in spite of him...