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Oil prices have experienced one of their largest surges in more than 45 years, primarily fueled by geopolitical shocks rather than structural changes, according to Mark Minervini.
He noted that while this significant price increase could risk fueling inflation and mildly weigh on U.S. GDP, it is not likely to trigger a secular bear market in stocks. However, Minervini also suggested that with elevated market sentiment, a cyclical reset may be possible.