COMMENT
Market themes. So many to focus on. Mainly inflation and the Fed, plus the economy on top of that. How much will the Fed have to raise rates, and what kind of economic slowdown will there be? Can the Fed engineer rate decisions to avoid a recession?
Unknown
COMMENT
S&P 500 hit lows in May. Sentiment was pushed to extremes. Historically, no matter what the fundamentals are, those extremes can prompt a market rebound. And that's what we saw. Now a lot of people are saying this is a bear market bounce. He's watching to see if that's true, or if the low is in for the year. If investors think it's just a bounce, people will sell into that and, and it means that the market climbs the wall of worry and heads higher.
Unknown
COMMENT
Bear market bounce vs. sucker rally? There's no difference. What you see is short covering. All the shorts take a position and then they start to cover that, which starts the move upward, the optimism starts to grow that the bottom's in, people come in, only for it to reverse, test the lows, and then go lower. That's what people are trying to figure out.
Unknown
WATCH
Technology that makes renewable diesel from waste. Hasn't met output goals. If and when they do, he'd be interested. Stock ran up on expectations, but has now drifted down. New management team.
Energy
WATCH
Giant in the industry. Stock ran up. He got stopped out. Need to see conversion from revenue to strong earnings growth. Waiting for technicals to signal the green light on an entry point to get back in.
0
SELL
With market volatility, gold stocks tend to be more volatile than the overall market and than gold itself. In this choppy period, he'd take it off the table right now. Deal completion risk and market volatility risk.
precious metals
BUY
Helium supply constrained plus industry usage is increasing, so price is going up. Strong team. Second well had amazing results. He expects longer-term supply agreements. Will be front and centre when growth stocks come into favour again.
Energy