Intermarktet Analysis Archives - Page 14 of 78

Re: The Next Bull Market Catalyst

July 27, 2023 by JC

The Dow Jones Industrial Average and Dow Jones Transportation Average are both hitting new 52-week highs.

These are things we see regularly in uptrends. Not so much in downtrends: [Read more…]

July Mid-Month Conference Call: 5 Key Takeaways

July 20, 2023 by Alfonso Depablos

Monday night, we held our July Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize the call by highlighting five of the most important charts and/or themes we covered, along with commentary on each.

Let’s get into it!

[Read more…]

[Premium] Mid-Month Conference Call Video Recording July 2023

July 17, 2023 by JC

This is the video recording of the July 2023 Mid-month Conference Call.

[Read more…]

End of the Bond Bull? Not so fast….

July 17, 2023 by JC

It’s hard for me to have a conversation about the stock market without bringing up what’s happening in bonds.

Think about it like this, the market cap of all US Stocks is somewhere around $40 Trillion. For the bond market it’s over $120 Trillion.

Volatility in bonds tends to trickle down to other asset classes, especially stocks.

US Stocks really got going in the 4th quarter last year, once the US 10-year Note stopped falling in price.

I don’t believe that was a coincidence.

But at this point, Large Speculators have on their most aggressive short position in bonds ever.

So in other words, what is historically the “dumb money”, particularly at turning points, are betting more aggressively than ever that bond prices are going to fall and rates will now continue higher: [Read more…]

It’s That Catalyst Again…

July 12, 2023 by JC

While many investors have been focused on arbitrary lagging indicators like the economy, we rather keep our attention on reality.

We’re grown adults. We don’t need bedtime stories to go to sleep at night. So fairytales about recessions, or inflations, or bidens are just not anything we’re interested in.

We get paid to sell things at higher prices than where we buy them.

And the bet we’ve been making for a long time is that the negative correlation between the US Dollar and stocks will remain in place.

That bet has paid off handsomely for us and anyone listening.

So as investors we all have a choice. Do we bet that the correlation is all of a sudden going to change tomorrow? Or do we bet that things just remain the same?

Here is the US Dollar Index consolidating in what appears to be a classic continuation pattern, within an ongoing downtrend: [Read more…]