The Great Mispricing

19Dec3:10 pmEST

Extremely Rare, Extremely Precious

Of the four major precious metals (palladium, platinum, gold, and silver), palladium is said to be the most expensive and rare. In fact, it is about fifteen times rarer than platinum, which probably surprises most people. In addition, in this brave new green world, palladium is an essential part in making pollution-control devices for...

18Dec11:53 amEST

Steel Yourself for This Sector {Video}

17Dec11:11 amEST

Weekend Overview and Analysis 12/17/23 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for more...

15Dec1:56 pmEST

Watch Your Back, Even During the Holidays

The next official sustained period of seasonal weakness is not until late-January/February. However, into the market melt-up it is likely worth noting sectors which have squeezed back up to what should be difficult levels on a long-term basis. The commercial real estate stocks in the IYR ETF, below on the weekly timeframe, represent one such...

14Dec2:31 pmEST

Once Again, Will You Remember Genco?

Lost in the shuffle of all the Fed victory laps, emotions, and general news flow this week has been the $2.1 billion merger between SBLK and EGLE to form the U.S.'s largest dry-bulk shipping company. About a week or two prior to the merge we had noted the strength in Eagle both here and with Members. In addition, we thought Genco (GNK, on...

13Dec2:29 pmEST

Almond Joy's Got Nuts, This Fed Don't

To call Jay Powell another Arthur Burns would, at this point, be a hideous insult to Arthur Burns. If you know your history, then you know that Burns raised rates to a high of 13.55% during the week of July 3rd, 1974. Powell, in his eternal quest to placate doves (and likely the Administration) does not have the stomach for even half of that...

12Dec1:12 pmEST

All Roads Lead to Rome...And The Fed

There is little point in bemoaning or bellowing over the fact that all market roads seem to lead to The Fed these days. Simply put, it is one of the main byproducts of the response by The Fed and then-Chair Ben Bernanke to the financial crisis back in 2008/2009. Back then, in the most dire days of that bear market, investors where begging and...

11Dec3:03 pmEST

A Divergence, I Reckon

This will be a critical week for many markets, of course, headed into 2024 with the FOMC on Wednesday. The next FOMC after this one will not happen until the final day of January of next year. In particular, gold and silver metals are getting hit again today, with silver down hard over the last six trading sessions after its prior steep rally...

10Dec10:39 amEST

Weekend Overview and Analysis 12/10/23 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for more...

08Dec11:15 amEST

The Great Mispricing

I have not added back to my bond short (via long TBT, a bearish ETF derived from TLT as a way to bet on higher rates), just yet. However, I am chomping at the bit to do so, as TBT was easily my largest position by size for most of 2023 up until a little over a month ago when I sold most of it. That said, the chasm between the market pricing in...