The Nasdaq just went out last week at new 7-month highs.
Growth stocks are back.
But why?
Interest Rates are falling at a record pace.
And when you look at the intermarket relationships, it makes a lot of sense: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
The Nasdaq just went out last week at new 7-month highs.
Growth stocks are back.
But why?
Interest Rates are falling at a record pace.
And when you look at the intermarket relationships, it makes a lot of sense: [Read more…]
by JC
This is the video recording of the March 2023 Mid-month Conference Call.
by JC
Ever since the 2-year yield bottomed in Q1 of 2021 Technology stocks have struggled. Growth became the worst place to be.
It was NOT a coincidence that once those rates started to rise in early 2021, the Nasdaq New Highs list peaked, the Nasdaq Advance-Decline line peaked, all the ARK Funds peaked, Chinese internet peaked, Biotech peaked and everyone piled had into SPACs before they all came crashing down.
Because the 2-year yield was rising so fast, and the longer end of the curve couldn’t keep up, we got the mother of all yield curve inversions.
The media loves to scare people with it because I think an inverted yield curve has predicted something like 50 of the last 8 recessions.
But now it’s bon voyage yield curve inversion. Good riddance!
We’re seeing the largest 5-day rate of change in the yield curve since the early 1980s: [Read more…]
by JC
This is the video recording of our March 6th Monthly Charts Live Strategy Session
by JC
This is the video recording of our February 6th Monthly Charts Live Strategy Session
by JC
This is the video recording of the January 2023 Mid-month Conference Call.
by JC
This is the video recording of our January 3rd Monthly Charts Live Strategy Session
by JC
Remember when they told you Gold was a hedge against inflation?
It wasn’t.
Remember when they told you Gold was a safe haven asset?
It wasn’t.
Remember all those times the Gold bugs made up fairy tales about future price appreciation for their rocks?
It never happened.
And so here we are. Well over a decade later, Gold prices are actually still down 6% from their 2011 highs. Silver is somehow still down over 50% from those highs.
Think about the opportunity cost of owning precious metals instead of pretty much anything else.
So. Is this time different?
Is this the time for Gold to finally shine? [Read more…]