As we head into 2020, we start from scratch with our Q4 playbook and outline our thoughts on every asset class and our plan to profit in the quarter (and year) ahead.

Part 1 of this playbook will cover our macro view, touching on Equities, Commodities, Currencies, and Rates.

Part 2 of this playbook will delve deeper into Indian Equities, going sector by sector to identify the trends that matter.

Part 3 of this playbook will outline the individual stocks we want to be buying and selling within the context of today's environment.

I was down in New York City this week and dropped by the Nasdaq to chat with my old pal Frances Horodelski on BNN Bloomberg. Frances and I have been rapping about the markets for the better part of the past decade. It was great to chat with her once again.

In this short clip, we talk about the new bull market for stocks, rotation into Emerging Markets and Energy, where we think gold goes and how bad bonds are going to get hit if interest rates get to the 3% mark we're looking for in the US 10-year Yield.

Here's the clip in full:

It's been a while since we've issued a Precious Metals update, so today we wanted to reiterate our risk management levels and targets on both the weekly and daily timeframes.

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:

People don't like it when I tell them we're near the beginning of a new bull market in stocks. For some reason, they prefer that cozy feeling of going to bed thinking stocks are near an important high, and they've somehow outsmarted the system by selling stocks in uptrends instead of buying them.

I'm convinced some of these people must be looking at their charts upside down.

Anyway, let's take a look at the markets so I can show you why I think we're closer to the beginning of a new bull market and not near the end of an old one:

From the desk of Tom Bruni @BruniCharting

Copper has been getting a lot of attention as it hits 5-month highs, but there is another Base Metal chart that's not being talked about.

Today we're looking at that chart and then taking a more comprehensive approach at what's going on in the space.

Here's Copper making 5-month highs as momentum attempts to get overbought. The record net long position held by commercial hedgers continues, suggesting they think Copper prices can still head higher despite a more than 10% rally from the July failed breakdown.

Click on chart to enlarge view.

Stronger Copper is a good thing for Emerging Markets and reflects market participants pricing in stronger economic growth conditions.

Commodities have been a "hot mess" as a group with the exception of a few trends that we've been taking advantage of.

The last time we talked about Base Metals were in July, when we were looking for a bounce in Zinc.

Today, let's take a look and see if anything in the space has changed.

This week I sat down with Pearlman to talk about the fact that stocks are making new highs but the amount of bulls betting on higher prices is near now lows. It was a really interesting conversation so make sure to check it out.

At the end of our chat Phil asked me about some comments I made recently regarding the CCI Commodities Index.

Here is the chart he was referring to where Commodities are doing something they haven't done in 8 years. I think it's worth pointing out for sure:

From the desk of Tom Bruni @BruniCharting

On October 26th I had the privilege of speaking at the Trade Ideas 2019 Summit in San Diego. It was a great opportunity to share our views, but more importantly, meet a ton of new people from all walks of life and hear their different perspectives. I had an absolute blast.

Last year JC presented at the same conference, outlining our very bearish thesis for Equities. This year my tone was the exact opposite!

I only had thirty minutes, but I ran through nearly 100 slides of Equities, Commodities, and Interest Rates, outlining our bull case for Equities.

The full video is available below and you can email info@allstarcharts.com if you'd like the full slide deck. Hope you enjoy!