I was down Philly last week chatting with Wharton Professor Jeremy Siegel, WisdomTree's Jeremy Schwartz and Tim Hussar of WhartonHill. This was a lot of fun and I thought we had a great discussion about what to expect for stocks and bonds in 2020. PHD Liqian Ren was also there and asked some great questions about rotation into emerging markets and how we try to incorporate alternative data into our analysis.

This was my first time visiting the Wharton School and it did not disappoint.

Hopefully I wasn't too hard on Professor Siegel and Tim Hussar and they invite me back on sometime!

This episode was live on SiriusXM and will be replayed several times over the holidays, but here is the podcast version of it so you can give it a listen at your convenience:

One of the things that stuck out to me during this weekend's chart review was the Nifty Private Index, particularly on a relative basis.

Let's take a look at the chart and what's happening with it.

I love how people still think we're in a 10-year bull market for stocks. This lack of understanding of basic reality is one of the many catalysts, I believe, that will take stocks much much higher.

The greatest trick the market ever pulled was convincing investors it's been in a decade long bull market.

The best part is that nothing could be further from the truth.

When we talk about "Stocks", we have to recognize that "Stocks" are an asset class. It doesn't just mean the S&P500 or Dow Jones Industrial Average. This is a global stock market, and becoming more of one with every day that passes. Those of you who have been reading our work for years know how valuable that information has been to us for so long. Today is no different.

Look at Europe doing nothing for 2 decades and now starting a new bull market:

Before we get in to stocks and charts, I just want to thank you for your support all these years. It really means a lot to me. Today I noticed I had 61.8K followers on Twitter! How about that? Leonardo Fibonacci would be proud!

This was my first week back living on the east coast. My 2-year plan to be in California turned into 4.5 beautiful years in Sonoma Valley. This was after spending 15 years total in the northeast between college in Fairfield, CT and over a decade in New York City.

I keep getting asked, "But JC why would you ever go back???" (this is happening at least several times each day).

Tom Bruni is out with a bullish post on Beyond Meat $BYND that has whetted my appetite for an options trade.

From the desk of Tom Bruni @BruniCharting

Thank you to everyone who responded to this week's mystery chart.

Most people were buyers of this one...and most thought it was a stock-related chart, but it wasn't. Try again next week.

Anyway, let's take a look.

From the desk of Tom Bruni @BruniCharting

As we head into year end there's a lot going on in markets, particularly on the macro and intermarket front.

With that being said, I gotta give the people what they want so today's Chart of The Week is going to focus on a trade setting up in one of 2019's most controversial stocks...Beyond Meat.

There's been lots of frustrating talk about companies with high share prices not splitting their stock. I tend to agree. While technically splitting shares of a stock doesn't do anything to enhance the value of your investment, it does help to provide greater liquidity for one to get into or out of a position quickly and at a fairer price.

But this is an argument for academics. We're just here to make money.

Perhaps you've seen JCs recently bullish post on Amazon $AMZN and you agree that you'd like to take a long position, but the high share price scares you?

When we talk about Equities, we need to think about them holistically as an asset class as opposed to simply focusing on the individual stock or sector or index we're looking at.

How quickly people forget what a beast Amazon has been for years. All it took was an 18-month consolidation for investors to fall out of love with one of the greatest stocks in American history.

The bet the bears are making is that Amazon has been lagging and dragging down the Consumer Discretionary sector, considering it's 22% weighting in the index $XLY. So if you believe this is a big market top, I understand why you would think Discretionaries are setting up for a big fall. I totally get that.

Here's the chart:

From the desk of Tom Bruni @BruniCharting

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it's a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

Over the last few weeks, Equities in India have been dealing with a near-term "oops" that led to the corrective period prices are currently in.

With that in mind, there are stocks that have handled this correction with ease and look ready to head higher.