On this Thursday, January 22nd daily editorial, we are joined by Rick Bensignor, President of Bensignor Investment Strategies and author of the globally recognized institutional newsletter, Supposedly Irrelevant Factors. Known for his behavioral finance expertise and technical precision, Rick joins the show to break down one of the most aggressive “risk-on” environments seen in years.
Key Discussion Points:
- The Risk-On Reality: Why 10 major risk assets are currently signaling economic growth and persistent inflationary pressures.
- Technical Market Structure: An analysis of the S&P 500 using Ichimoku Cloud charts and why the $SPX remains on track for a target of 7,470.
- The Great Rotation: Why the “Mag 7” trade (XLK, XLY, XLC) is tired and how capital is flowing into Materials (XLB), Energy (XLE), and Industrials (XLI).
- Precious Metals Parabolic Move: Rick discusses trimming his GDX and SLV positions after a “gift from God” rally and the potential for a silver short squeeze among major banks.
- Energy and Base Metals: The bottoming process in Natural Gas and the breakout in “white metals” like Platinum and Palladium.
Stocks & Symbols Mentioned: S&P 500 (SPX), SPY, GDX, SLV, GLD, XLK, XLY, XLC, XLB, XLE, XLI, XLP, XLU.
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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an error, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.