Dana Lyons – Outlook On US General Equities, Bonds, US Dollar, Gold, Bitcoin, And Commodities
Dana Lyons, Fund Manager and Editor of the Lyons Share, joins us to discuss the turbulent markets, through the lens of quantitative and technical analysis, and review which sectors look appealing for both long and short strategies. We start off with the recent jump higher in the US general equities, and while Dana felt enough data was in for an intermediate low a few weeks back, he is using this rise in prices to sell out of growth stocks as they bounce, and looking to deploy short hedges against the markets once things move back to prior levels before the breakdown.
Next we shift over to the bond market, which he feels has topped after a 4 decade run, when rates hit all time lows 2 years ago, but has been trading the short term moves higher in rates, and looking to see if they’ve topped in the near-term. This led to a discussion on the US dollar which Dana is still constructive on, and conversely, is bearish on the outlook for the Euro. Dana is also still longer term bullish on gold and the gold mining stocks, and feels the technical action we’ve seen over the last few weeks and since the breakout in 2016 has been very strong. He’s not as bullish on Bitcoin or Ethereum, and despite the recent bounces still sees the potential for lower targets. We wrapped up with commodities which Dana is still longer term bullish on, and even if there is a pullback to consolidate the recent moves higher, he sees that as a good buying opportunity for the medium to longer term.