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Three Contrarian Signals That Aren't Easy To Ignore As Earnings Season Begins
Three Contrarian Signals That Aren't Easy To Ignore As Earnings Season Begins
Authored by Lance Roberts via RealInvestmentAdvice.com,
💰 Q1 Earnings Season Begins
As a fragile ceasefire with Iran hangs in the balance and oil trades near multi-year highs, the Q1 earnings season is arriving in one of the most negatively positioned markets in years. That backdrop may be exactly the reason it’s worth reconsidering the “fade the rally” stance we posited last week. For individuals who have not been in the financial markets for very long, there is an important lesson to learn.
“The...
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India's Power Demand Hits Record High As Heat Drives Coal Use
India's Power Demand Hits Record High As Heat Drives Coal Use
Submitted by Irina Slav of OilPrice.com
India’s power generation rose to a new all-time high amid hot weather that drove air-conditioning demand up, with thermal generation, most of its coming from coal power plants, covering 62% of demand.
Power demand on Thursday hit 271 GW, on the “fourth consecutive day when the peak power demand (solar hours) reached a new all-time high,” India’s power ministry said, as quoted by AFP.
After milder temperatures tempered demand growth in the fiscal year to March...
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