Month: June 2023

Summary The rise in stocks of late looks out of place with that in interest rates, as the optimism around […] To access this content please upgrade to another membership

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Summary Japanese stocks have outperformed U.S. Tech in recent weeks driven by expectations of big earnings growth, with cheap valuations […] To access this content please upgrade to another membership

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Summary Treasury yields have been in a downward price channel since last September, unable to break through the upside or […] To access this content please upgrade to another membership

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Summary Our defensively-positioned Model Portfolio underperformed the S&P 500 in May as the market cut down the probability of recession, that we expect to hit in the second-half of this year The drawdown in precious metals provided us with an opportunity to add Gold Miners (GDX) and Silver (SLV) to our recession-themed book at favorable […]

Summary Euphoria around U.S. Tech is missing in Chinese Tech. Both are powerhouses in the AI space, pointing to FOMO-based […] To access this content please upgrade to another membership

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Here is today’s premium video covering: What to make of the most recent bullish price action on the SP500, does […] To access this content please upgrade to another membership

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Summary The S&P 500 posted its third straight week of gains, with the index eclipsing the 4,200 level. A debt […] To access this content please upgrade to another membership

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Summary China re-opening, optimism around Europe and reflation in Japan helped fuel a rally in those equity markets since the […] To access this content please upgrade to another membership

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Initiating 5% Long Position on Gold Miners (GDX) Adding 5% to Silver (SLV) Buying Gold Upside Through Gold Miners (GDX) We’re initiating a 5% long position on Gold Miners through the GDX ETF. We posted a Macro Note yesterday highlighting opportunity in recent weakness in Gold Miners (GDX) and Silver (SLV) due to May’s countertrend […]