RE: Today10 Oct 2025 14:46
Bhants.
Unfortunately it is all sentiment.
Fundamentals are exceptional, Oil is down heavily, so all good news.
Bad news is that the US is overstretched, The US Fed is flying blind with no reporting, The Borrowing in the US continues to go up, Tariff Inflation has not fully embedded yet into the costs and Every Tech stock in the US is hugely over inflated.
Having a company making AI Chips that's now worth $4.5 Trillion when companies are working out the payback from using AI is low is going to blow the bubble in a big way. It may be a day, a week, a month, but realistically the US is going to Pop. The head of JP Morgan also stated the same.
BUT..
Carnival is a sound company now. People are "Entitled" to a vacation, and they are pushing the Land vs Cruise vacations heavily now and winning.
It's no longer an If Carnival goes up like two years ago, it's purely When.......