Good evening StockBandits!
I got a new grill recently. It’s a ceramic egg and quite different than the stainless propane grill I previously cooked on. The other day, I got it fired up past 750 degrees and threw on a couple of steaks. (Stick with me, I’ll get to the market momentarily…I’m going somewhere with this). I turned the steaks in 2 minutes but they had already been charred. I hadn’t ever cooked at those temps, so I didn’t know what to expect! After turning them and briefly cooking the other side, I pulled them off to let them “rest” but they continued to cook due to their heat. First I had the sizzle, then the heat fizzled out but not before a little more (cooking) progress took place.
So, what does this all have to do with the market? Well, we just ramped (sizzle) and now we’re a bit stalled out (fizzle) despite having made a little more progress last week. Ahead of [Read more...]