Crypto bros be like ... #CoSoFinance

U.S. Inflation Surprise Index tracked by ⁦Citi⁩ has fallen to lowest since July 2020 #CoSoFinance

Empire State Mfg came in way below expectations at -32.9 vs -8.6 est. Price components are falling quickly on both a current & expected basis, now down to late 2020/early 2021 levels. Good for inflation, not good for activity. This might get the Fed's attention. #CoSoFinance

The surprise bull of last week was #solar, here tracked by #TAN. Nice rally on strong volume bounced it off the 200-day MA and pushed it above the 50-day MA. It's near overhead resistance, so keep an eye on that. Good luck, all. #CoSoFinance

The action in #platinum was disappointing last week. All the other girls (#silver, #gold, #copper) jumped out the convent windows and ran off to the dance, while platinum sits quietly. But a weekly chart shows the new uptrend is not broken. In fact, last week may have just been a test of the breakout. #CoSoFinance

#Silver looks less impressive than gold right now, which means all I believe about silver leading gold higher is a cruel lie. Just kidding. Anyway, I believe a breakout is coming in silver. You can see the potential on a daily chart. We make take additional positions ahead of it. #CoSoFinance

I can't emphasize how bullish #gold looks right now. The close over $1,900 on Friday on high volume should have set off alerts. Look at this weekly chart. Gold pushed through two levels of overhead resistance. My shorter-term target is $2,139. I have higher longer-term targets. #CoSoFinance

Sunday is chart day for #CoSoFinance. Let's start with a couple #crude #oil charts. On the daily, you can see the big bounce. It's very promising. But the weekly downtrend still hasn't broken. I'll hold off recommending new oil positions until that downtrend breaks. Though I admit some oil stocks look stupid cheap

Value is shifting into higher gear and leaving Growth in the dust. Here’s an update of the chart I showed you last January, tracking the ratio of the Russell 1000 Value Index divided by the Russell 1000 Growth Index: https://weissratings.com/en/wealth-wave/why-value-stocks-will-continue-to-steamroll #CoSoFinance

Two Bloomberg stories on gas stoves, published one right after the other, with headlines that say different things. Make up your mind, Bloomberg!

Biden's popularity is still underwater, but rising. #CoSoPolitics

I hope you're playing this rally in copper. Yes, it's a China reopening story, but low global stockpiles are outweighing higher production. Resource Trader already got a pick that's roaring higher, and it's getting another one on Friday. #CoSoFinance

Meanwhile, Canada is already in a housing recession. #CoSoFinance

I wrote a column, published yesterday, about Value Stocks outperforming. You can read it here: https://weissratings.com/en/wealth-wave/why-value-stocks-will-continue-to-steamroll I first talked about this -- and how to ride that trend -- in January of 2022. Liz Ann Sonders published a nice chart this morning that also shows Value is outperforming #CoSoFinance

Looks like a real estate recession to me #CoSoFinance

I've been writing about the rotation from money-losing tech "growth" stocks to profitable value stocks since early 2021. The end of 2022 marked six straight quarters of (rough) declines for non-profitable tech basket tracked by ⁦
Goldman Sachs #CoSoFinance
⁩

Keep this in mind when House Republicans hold their "fair and balanced" hearings on the border.

Natural gas futures have plunged and are now hovering near lowest since beginning of 2022. Folks, that is deflationary.
Is this a buy signal? We'll know toward the end of the week. Oil looks more positive, thanks to the news that China is buying it hand over fist now. #CoSoFinance

Here's a table of Inflation Reduction Act investments in greentech for @ChristopherNoyesRoberts and other Greentech investors #CoSoFinance

Weekly U.S. dollar index tried to rally last week, but ended up giving most of it back. I would not want to be long the dollar now; my feeling is too many in the market are exactly that. #CoSoFinance