To The Moon

This week: monthly charts, volatility, sentiment, technicals, market bottoms, bear markets, valuations, IPOs, Big Passive, global equity bearmarketometer...1. Happy New Month:The S&P 500 closed September down -9.34% on the month, and is now down -25.25% YTD. In real (CPI adjusted) terms it is back below the pre-pandemic highs.2. Rate Shock:2022 has been a story of extreme interest rate volatility. As the rate shock ripples through the economy it's likely that volatility drifts higher across assets.3. Bear Market Topography:Just a friendly reminder that bear markets happen across space and time...4.Stark Sentiment:No more bulls (aka — a lot of minds that could be changed...)5. Extreme Oversold:The 24-month Williams%R Oscillator is showing up increasingly extreme oversold......albeit, th

Far from the spotlight of $AAPL (Apple) or $AMZN Amazon.com Inc), there is an industry that is quietly gaining its way to the next industrial leader.Why lithium ($LIT) will be so important?• First a lithium-ion battery is a type of rechargeable battery already in widespread use thanks to smartphones and tablets.Recently it's gaining ground in the automotive industry and the upside for lithium is significant for the next decade. Let's look it in detail:- Lithium batterv is essential to the rise of electric vehicles (EVS) in an era where climate change will be a priority.- Lithium is core for renewable energy storage - key element in the energy independence from fossil fuels.- Joe Biden has just signed a $740 billion climate change, healthcare and tax 'Inflation Reduction Act' - in