I imagine the present bear market, which began in early 2022, has at the least one other yr left earlier than it bottoms. No matter the time-frame, I feel the present bear market will take the right down to the mid-2000s (presently at 4,090) and the right down to the 6,000 space (presently at 11,718). These ranges correspond with the severity of earlier bear market declines.
Many indicators flashing now have signaled an impending reversal of the bear rallies which have occurred since this bear market started. Reckless YOLO hypothesis has reached a fever pitch as soon as once more; as of every week in the past, 250 million choices contracts – the best weekly quantity in historical past. A big proportion of those choices have been one-day-to-expiration and weekly expiration calls. It’s the excessive quantity in these calls that creates gamma squeezes.
Alternatively, the valuable metals sector – , , and mining shares – is awfully undervalued in relation to the final universe of monetary belongings as effectively most commodities.
Jason Burack and I talk about the bear market rally, corruption at Wall Road banks (with precise tales from my days as a junk bond dealer), and, in fact, the valuable metals sector with a few my favourite junior performs.
