Wednesday, October 21, 2020

Solar Speculators May Have Dissapointment and Sorrow Coming Their Way (TAN)

 No matter who wins the election it will be difficult to match the expectations embedded in the price action of the Invesco Solar ETF (TAN):

Although we were able to catch the exact bottom for the S&P 500 futures—posted Friday evening March 20, 2020—we sure as heck didn't foresee the latest bend in the rate of ascent in this little vehicle (via FinViz):

Not to say the ETF won't trade higher, just that we've crossed the event horizon from sales and earnings and cash flow investing to greater fool speculating. 

$77.73 at the close Tuesday Oct. 20.