Chris Temple from The National Investor – Tue 19 May, 2020
A Reflationary trade on the back of Powell’s comments
Chris Temple kicks off today by recapping the pop yesterday in a wide range of assets and move higher in the major averages. We also discuss the action in gold stocks and gold which continues to be very encouraging.
Click here to visit Chris’s site and read over his recent report on Europe.
Comments:
Live Charts
David says:
I will be glad when the hearings end, Mnuchin and Powell go home and miner price suppression gets over for the day. There is nothing good they are contributing to all our problems. Get this over.
David says:
Where did the MMs go? Powell put them to sleep?
larry says:
off topic?….https://www.zerohedge.com/economics/our-fate-sealed-vaccines-wont-matter-four-long-cycles-align?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Excelsior says:
Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era
May 16, 2020 – Market Watch – Howard Gold
https://www.marketwatch.com/story/dud-stock-picks-bad-industry-bets-vast-underperformance-its-the-end-of-the-warren-buffett-era-2020-05-14
David says:
Do you think Warren got out manipulated by those algo crazy computer thingamajggies.
Excelsior says:
No, more so the cheese has moved and some of his recent picks in American staples got smashed. We have clearly entered a new era in the markets, and his overly optimistic stance on the US economy seems pretty out of touch with what is actually happening under the surface across the breadth of companies in the markets, and the severe pain that is coming in the economy over the next few months.
buzz says:
Warren plays humble, but his ego is gargantuan
Excelsior says:
The Oracle from Omaha’s time as the go to investor may have come to an end, as the markets he knew and beliefs he has have become relics of a time that has passed.