Weekend Show – Mike Larson & Dan Steffens – Rotation, Rates, and Resource Stocks
Market rotation broadens beyond big tech, gold equities attract generalist capital, and energy stocks set up for future revaluations.
This weekend’s KE Report brings two perspectives – Mike Larson of MoneyShow breaks down equity rotation, Fed uncertainty, and precious metals momentum, while Dan Steffens of Energy Prospectus Group highlights natural gas fundamentals, oil market geopolitics, and M&A-driven opportunities in energy equities.
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- Segment 1 & 2 – Mike Larson, Editor-in-Chief at Money Show, joins to discuss the current market rotation out of hot tech and AI stocks into more defensive sectors, the Fed’s upcoming rate decision, and the mixed economic data shaping sentiment. He also shares his bullish outlook on gold and mining equities, cautious but constructive views on copper and energy, the long-term promise of LNG and nuclear, Ethereum’s relative strength versus Bitcoin, and why the U.S. dollar looks structurally weak compared to commodities and foreign equities.
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- Segment 3 & 4 – Dan Steffens, President of the Energy Prospectus Group, discusses the continued weakness in natural gas due to high storage levels and mild weather, the political and geopolitical pressures keeping oil prices rangebound, and why he remains bullish long-term given LNG export growth, AI-driven electricity demand, and infrastructure constraints, while also highlighting opportunities in companies like Inplay Oil, Riley Exploration Permian, and Viper Energy following transformative acquisitions.
- Click here to visit the Energy Prospectus Group website for more energy market and stock analysis
BDC, are you a short shill? DT
For those who don’t know what a shill means, this definition comes out of The American Heritage Dictionary of The English Language:
A shill is one who works as a decoy, as in a confidence game, by posing as a customer or an innocent bystander. DT
Short Sighted HydroGraph Short Sellers. Here is a video recorded just two days ago and just released this morning. In it Jay Taylor interviews Kerry Landis (nuclear engineer) and it explains what is going on with this company. It gives you the real story, it is not a “Pump and Dump”, as others would have you believe with their misinformation. DT
The bull market in precious metal stocks began months ago and has a looooooong ways to go. Don’t give up your positions easily. The Fed is going to loosen with inflation holding at unacceptable levels and the long term bond markets on the monthly charts are still signalling the 2nd leg in the bond market bear probably beginning sometime in the next year. Stagflation is still with us. The oil market is still under pressure as are their stocks but over the next year will be a good spot to begin an investment. Tangible assets will be the place to be in the near and distant future. I’m personally in the highest % of stocks I’ve been in 5 years and adding with very few positions outside of metals and commodities. It reminds me of the 70s but even better.
DOC.
Not just PM stocks but this is good for all markets. With king Russell joining party, the rally is broadening across the board and going to continue with financials, housing stocks, industrials, cryptos etc etc. Look at the chart of AAL, DAL does it look like economy is going to roll over anytime soon? There’s trillions on sidelines and soon that money will be finding home in sectors that are ignored. Very bullish on TSLA, Ether, Silver, Mag7.
I still have no good reason to change my view that stocks are in a topping mode on the price charts (they’ve already topped by other metrics). This September’s rate cut will probably be like the September 2007 rate cut that came 3 or 4 weeks before the top. Like back then, this cut is happening for very negative reasons. Historically, rates rise with stocks and fall with stocks which makes perfect sense.
Remember that major stock market tops happen when almost no one believes stocks can fall.
Take a look at the action from 2001 to 2008:
https://schrts.co/ijszwwnq
The wild card this time is the bond market. It is in a long term bear now for the first time in many decades and that could put a big bid under a lot big stocks. I’ll be watching…
Bond Market Crisis: Why this looks like 2007-2008 all over again! If Livermore is right don’t bet against the market as soon as it starts to fall get out, and buy back in later after the fall. DT😊
Hi Matthew. I agree with you and Michael Oliver that most stocks are topping, but what do you think about the oil majors? In the 1930s the oils crashed while gold stocks went up 6 fold. In the 1970s the oils and gold stocks both went up a lot while the DJIA went down. So will the oils go up with gold this time or will they go down with most stocks?
Hi Doc, I agree with you about gold and silver stocks gong much higher, but what do you think of the big oils stocks now? I sold my JNJ@171 and put the money into RGLD@159 a couple of weeks ago and now the RGLD is higher than JNJ. What do you and Chad think of HGRAF? DT, Jay Taylor, and Moriarity like it but Matthew does not. It’s Jay Taylor’s biggest holding.
Jesse Livermore Rules For Winning Trading! DT
Looking for some advice. I’ve used Bigcharts for over 25 years. They became another casualty in the restructuring that is taking place since Paramount bought CBS. What charting services are used by the traders on these pages? Bigcharts allowed one to dashboard about 50 stocks and to easily delete or add.
Just wondering if others on this page used the same site. If not, what do you use.
https://www.fibonomics.com/2025/08/pnd-pump-n-dump.html
PnD : Pump & Dump : Shorted? : Whose Borrowed Shares?