Is skyrocketing north a good thing, or a bad thing?
Generally, “going south” is a term indicating a problem. But “going north” isn’t a term I recognize as being a good thing either.
Yes, I’m ignoring the fact that the rest of the piece was a string of acronyms with no explanations. I thought I’d focus on the part that looks like it is actual english.
P/E “skyrocketing north” is another way of saying “E heading south,” and P eventually following them there.