This is the video recording of the June 2022 Mid-month Conference Call.
We discussed:
- The S&P500 and Dow Jones Composite stuck below overhead supply
- Major US Indexes are below their AVWAPs from the COVID lows
- 30 consecutive weeks of more stocks making new lows than new highs
- Seasonality could become a tailwind in July
- Sentiment is as bad for stocks as I've ever seen
- Relative strength out of Chinese Internet and other "culprits"
- Bitcoin near important support
- The US Dollar controls all of this. All eyes on DXY
- Breadth Deterioration in Commodities
- Long opportunities in Financials
- Defensive Sectors are vulnerable
- Gold is still below overhead supply
- Copper/Gold ratio breaking down pointing to lower rates
- Japanese Yen hits new multi-decade lows
- Buy the dip in bonds? I think so
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