PCG misexecution from blackouts and Kincade fire

Characteristics of mis-execution

Technical aspects

  • GAP down occurred of more than 5%
  • MACD was still negative trending
  • negative trend is yet broken.

Fundamental aspects

  • Failed to account for seasonality:
    • Fire occurrence during summer and autumn is rampant.
    • strong wind
    • global warming
  • Doubled down when negative trend has yet been broken

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