1) You can complain that you don't like the rules, you don't like the people who make and enforce those rules, you don't like the people who take advantage of those rules and you can take your ball and go home. You can do that. You have that right in this country.
or
2) You can acknowledge the fact that you don't like certain rules, you may not like some of the people who make and enforce the rules, and you especially don't like some people who take advantage of those rules. But if you can't beat them, join them!
We choose #2. Because this is nothing new. We figured this out decades ago.
I was away from the office last week with the team, but I was still able to pop into BNN Bloomberg for a quick hit.
We discussed the fact that fear among investors is off the charts, stocks are in uptrends and breadth is expanding. I think the beginning of the new Commodities Supercycle is bullish for stocks and just another tailwind to take them higher.
If the tv anchors think I'm making a bold call by suggesting that stocks in uptrends will go higher, then we're probably not near a top.
Every month we get a fresh batch of Monthly Candlesticks. It only happens 12 times a year.
I promise you guys from the bottom of my heart that there is no other part of my entire process that provides as much value and information as my monthly chart review. Premium Members can access the Chartbook here.
In the meantime, my friend Josh Brown and I have been doing these short monthly videos since last summer. They're fun and I like how he pushes back against me sometimes. In other interviews they make it too easy on me. I like these!
This month we talk about how scared investors are right now. What's more bullish than a bunch of worried investors with stocks all over the world making new all-time highs?
Is this Silver breakout for real? We have well-defined risk parameters to keep us on the right side of the trade.
Where's the next squeeze coming from? We dive in.
And are investors prepared for this new Commodities Supercycle? I don't think they are. Neither does Josh.
This week Howard and I talk about the short squeezes happening in this market. We've seen it in GameStop $GME, Blackberry $BB and AMC Theatres $AMC. Are more of them coming? Why should investors care?
How about the Speaker of the House of Representatives Nancy Pelosi trading Tesla Call Options. Should we complain about her trading habits, or do we use that as information? In other words, what does she know that the rest of us don't, that drove her to invest in so many options contracts?
Are you on Clubhouse? Is this the new Social Media App that everyone will be on? For questions like these, I always turn to Howard Lindzon.
We cover all that and so much more in the latest episode of Happy Hour w/ Traders:
We're back this month with another edition of the Josh & JC show.
This is where I sit down with my boy Josh Brown and talk about the most important Monthly Charts I see around the world.
I love doing this monthly show. Josh and I have been good friends for the better part of the past 2 decades. He knows me really well by now, and I think I've got a pretty good handle on him too, although he certainly finds ways to surprise me quite often.
On this month's show, we take a look at Financials potentially breaking out. One of the leaders is Goldman Sachs, as $GS is now back above its 2007 highs. Meanwhile, Consumer Discretionary is breaking out to new all-time highs relative to Consumer Staples, which is consistent with higher stock prices. But that doesn't mean that Staples can't do well on an absolute basis. And finally, Commodities are breaking out. Crude Oil is back above its 2016 lows. And with all of this bullish talk, what's it going to take to position ourselves more defensively? I lay out the 4 most important signals that we're watching.
It's a new year and I'm back on the TV to chat with Catherine Murray at BNN Bloomberg. I wish I was in Toronto to shoot this live so I could get some Thai food or something afterwards, but we'll settle for a Skype call in this one! Man I love visiting Toronto.
Anyway, I don't think there's been anyone on her show who has been as bullish stocks as we have over the past 6-8 months. I even asked her, but she just laughed. Remember Just Buy Them Baby! from July?
What's changed since then? Only additional sector rotation, further breadth expansion and unparalleled participation (and new leadership) from global markets. Are you not entertained?
Check out the interview in full. We touch on some important points:
This week Howard and I talk about the evolution of markets. There are new ways for investors to allocate money almost every day. SPACs are back! More IPOs this year, and many of them going up. New tickers every day.
What do we do about it? How can we get involved? We discuss all of that in this video!
As we enter 2021, what are the areas we need to be watching? Howard thinks there are 3 major themes to be long for the next decade:
Fintech, Healthcare & Education.
It's hard for me to disagree, especially from a Technical perspective.
Oh man this was a lot of fun! Fahmy calls me up and says let's invite everyone to a zoom call and talk about markets and drink Champagne.
Obviously, I said I was in!
We had two questions we were asking,
1) What was the biggest lesson you learned in 2020, and 2) What's your best trade for the first half of 2021?
Next July, whoever ended up picking the best trade gets a donation from us to the charity of their choice, plus I hand select a bottle of champagne and will be sending it over to the winner.
This was a great conversation with a group of really smart people. I'd be taking some notes on this one. There's good stuff in here.
This week Howard and I discuss what "Technology" actually means. With companies like Google, Amazon and Facebook representing ZERO PERCENT of the Technology Index, people continue to group them into Tech regardless.
Is that right? Should we ignore Dow Jones and their weightings? Or is it important to acknowledge which stocks are in these indexes and which ones aren't?
When asked about underperformance from Europe and Emerging Markets, Howard says "I filter the world to only see what's working. I'm all about investing for profit and joy, not misery and pain"
