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
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
I wrote this for the MoneyShow. Good reading on a day that oil is rebounding sharply thanks to increased demand from China. #CoSoFinance https://www.moneyshow.com/articles/tptp2023-60004/top-picks-2023-marathon-oil-mro/
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
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
I bought Verizon $VZ for my personal account this morning. It goes ex-dividend today and sports a yield over 6%. Importantly, the company seems to be turning things around after a tough year. We'll see how it goes. #CoSoFinance
Here's a table of Inflation Reduction Act investments in greentech for @ChristopherNoyesRoberts and other Greentech investors #CoSoFinance
the question is, why did Wall Street fall for this scam, hook, line and stinker? #CoSoFinance https://www.marketwatch.com/story/sbf-and-ftx-peddled-a-crypto-fraud-that-makes-scammer-bernie-madoff-look-like-an-amateur-11673085722
Gold prices rise to 7-month high as dollar weakens. See my Sunday charts on gold and the US dollar. #CoSoFinance https://marketwatch.com/story/gold-prices-rise-to-7-month-high-as-dollar-weakens-11673272665
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
Weekly #silver chart shows it underperformed #gold last week. That's worrisome; silver was leading gold. There may be consolidation in the future. If so, look to the breakout line/former overhead resistance as support. Weekly momentum is still bullish, so not especially fretful #CoSoFinance
Hoody-hoo! Weekly chart shows breakout in #gold, and on higher volume. Momentum is bullish and getting stronger. Glad to be long. #CoSoFinance
I expect to West Texas Intermediate to range 'tween $70 and $80 until something changes. It's in a downtrend, and Friday's price action didn't do it any favors. The Force Index, a momentum indicator I favor, is also short-term bearish. Bullish China news could change this picture #CoSoFinance
In a world gone mad with chaos and blood, one man stands alone against the forces of evil. That man is Sean Brodrick #finance #stocks #resources