Every 2 weeks I sit down with the good folks at Benzinga to chat about the markets on their morning radio show. Today we went over why we want to be shorting stocks. We also talk about what this rally in Japanese Yen means to the U.S. and Japanese Stock Market. With this Yen strength combined with the deterioration in market breadth over the past 6 weeks, there is a lot more to be negative about than positive. Apple is a favorite short of ours and most of the U.S. and European Banks. In fact, it's hard to find a stock out there that isn't a short.
Every 2 weeks I sit down with the good folks at Benzinga to chat about the markets on their morning radio show. Today we went over why I still think a more neutral to bearish stance is best tactically in U.S. Stocks. We also talk about this rally in Japanese Yen means to the Stock Market. This Yen strength combined with the deterioration in market breadth over the past month, there is a lot more to be negative about than positive. Stocks are not where we've wanted to be in April, and staying away has worked out well. The place to have been is in Commodities. I think this theme is here to stay.
This week I had the opportunity to come on Jonathan Davis' Booms and Busts show in the United Kingdom. Jonathan is a long time subscriber of my research, so he understands my approach to the marketplace as well as anyone.
In this interview we discuss the importance of studying supply and demand dynamics. He asked me why I don't care about what the Federal Reserve thinks, why I ignore fundamentals and economics as much as I can, and why I don't listen to the financial media. I try and do everything in my power to avoid that noise. We're focused on the behavior of supply and demand simply because our goal is not to sell ads or increase page views. Our only goal is to try to make money in the market. There is a big difference between the two business models and it's important for traders and investors to recognize it.
