Last Saturday, the Rose and Crown warned its patrons about the energy crisis in Europe... The pub in Bebington, England posted a screenshot of an electricity estimate on Twitter.

'Doomsday' Might Be the Best Description By Pete Carmasino, chief market strategist, Chaikin Analytics Last Saturday, the Rose and Crown warned its patrons about the energy crisis in Europe...  The pub in Bebington, England posted a screenshot of an electricity estimate on Twitter. Fortunately, the Rose and Crown entered a contract for its electricity price until May 2023. So for the next eight months or so, it will pay 37 pence per unit. (That's about 43 cents.) But that's already a significant hike from the 15 pence per unit the pub paid this past May. And now, the best available quote from British Gas going forward is 97 pence per unit. Even under the best deal, the Rose and Crown's costs are set to surge 546% year over year. Under the estimate, the pub's annual electricity bill would jump to £61,667.94 (roughly $72,000). Think about that... This is a local pub. It doesn't use a ton of electricity. I worry about these small business owners and their workers amid Europe's energy woes. And unfortunately, it's a drop in the bucket of what could happen in the months ahead... Big corporations are at risk, too. And this story is playing out all over Europe. Let me explain... Recommended Links: Severe Stock Warning: Act Now In the last 30 days, the chance for a recession increased from an estimated 15%... to 90%. The decline hit fast, just as Marc Chaikin predicted. But Marc says the worst is yet to come. Which is why he just stepped forward with his most urgent warning yet. The steps to take to protect yourself are simple, quick, and backed by 50 years of proof, which you can find right here. Huge Recession Loophole (See These Charts) Amid today's market turmoil, THIS is one of the biggest and most bullish opportunities today: A red-hot sector with almost unlimited pricing power and a history of outperforming in recessions. It's also the sector where our good friend Dr. David Eifrig spent half his professional life. In other words, he's extremely qualified to spot world-class opportunities today. Take a look at the evidence here. Energy prices in France recently exceeded 1,100 euros per megawatt-hour ("MWh"). And they reached 995 euros per MWh in Germany. In both cases, it's an increase of more than 10 times over the past year. To put that in perspective, the average electricity cost in the U.S. is $154 per MWh. (Right now, the euro-to-dollar exchange rate is roughly even. So that's about 154 euros, too.) Plain and simple... the energy crisis is hurting European consumers. It's making business hard for companies. And in turn, the stocks in this region are suffering. Just look at the one-year chart of the iShares MSCI Eurozone Fund (EZU)... EZU is already down more than 30% since last November. It has underperformed the broader market for most of the past year. And the Power Gauge rates it as "very bearish" right now. Europe put itself in handcuffs... The region depends on fuel from outside sources. Now, the prospects of both war and civil unrest are on its doorstep. And that lack of foresight is proving costly for innocent residents. To battle the shortage, European countries are raising their fuel-storage levels as fast as they can. But unfortunately, prices spiked because of the buying surge. So now, governments across the region are introducing price caps. That means they'll need to subsidize the power companies. Intentional "brownouts" and actual electricity lockdowns are on the table, too. As we've discussed before, Russia is playing a dangerous game... It's cutting natural gas supplies to Europe. And that's causing natural gas prices to soar. They recently hit a high of 341 euros per MWh. That's near the all-time high of 345 euros per MWh – which was just set in March. Folks, this is a terrible mess... Europe is on the brink of a major recession – and perhaps even a depression. And I don't think I'm exaggerating too much when I say it's a "doomsday" scenario. EZU's price chart shows you that it's best to avoid European stocks today. On the flip side, energy has been the market's best-performing sector in 2022. The sector is up more than 46% so far this year. And keep in mind... energy currently makes up less than 5% of the S&P 500 Index. So being overweight this sector in your portfolio is wise. If the ongoing crisis in Europe is any indication, it's going to be a long winter. Good investing, Pete Carmasino Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -0.75% 0 24 6 S&P 500 -0.79% 69 309 119 Nasdaq -0.58% 11 58 31 Small Caps -0.66% 345 1041 465 Bonds -0.96% — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are somewhat Bearish. Major indexes are mixed. *  *  *  * Top Movers Gainers META +3.67% LVS +2.67% CEG +2.38% EMBC +2.21% MKTX +1.88% Losers PVH -10.49% HPQ -7.76% MOS -5.80% BBY -5.61% NWL -3.67% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close CPB, HRL CPRT AVGO, ZBRA No earnings reporting today. Earnings Surprises MDB MongoDB, Inc. Q2 $0.20 Beat by $0.30 BF.B Brown-Forman Corporation Q1 $0.52 Beat by $0.05 VEEV Veeva Systems Inc. Q2 $1.03 Beat by $0.02 *  *  *  * Sector Tracker Sector movement over the last 5 days Communication -2.70% Utilities -2.72% Energy -3.22% Financial -3.59% Real Estate -3.64% Health Care -3.67% Staples -3.79% Materials -4.36% Industrials -4.65% Discretionary -5.20% Information Technology -5.91% *  *  *  * Industry Focus Oil & Gas Equipment Services 5 20 5 Over the past 6 months, the Oil & Gas Equipment Services subsector (XES) has outperformed the S&P 500 by +7.43%. Its Power Bar ratio which measures future potential is Neutral, with an equal number of Bullish and Bearish stocks. It is currently ranked #7 of 21 subsectors. Indicative Stocks CLB Core Laboratories N. DRQ Dril-Quip, Inc. AROC Archrock, Inc. *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at STEVENMAGALLANES520.NIMS@BLOGGER.COM. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2022 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com. 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