What A Healthy Correction in Energy Looks Like

Mish Schneider | June 27, 2023

An interesting article based on cycles and commodities versus stocks suggests that over the past 90 years, stocks have outperformed commodities by 4 to 1.

Within those 90 years though, there are times that commodities outperform stocks, generally for about …


Do Not Get Bearish While Transportation Leads

Mish Schneider | June 26, 2023

What we know for sure, is that the demand side of the U.S. Economy, as seen through the lens of the transportation sector, is holding up.

IYT AI generated here, is the ETF for things that move and carry people …


Complete Trader: Macro to Micro and Top Picks Live

Mish Schneider | June 23, 2023

Once a month, I do a coaching session for our members of the Complete Trader, a MarketGauge comprehensive product for the discretionary trader.

During the 45-minute session, I cover EVERYTHING!

  • The Economic Economic Modern Family
  • The Indices
  • The Big View

  • Granny Retail a Big Barometer-Video Analysis

    Mish Schneider | June 22, 2023

    It was a great day to sit down and talk to Dale Pinkert of FACE Live Market Analysis & Interviews.

    And we covered a lot of ground.

  • BoE interest rate cut
  • Inflation, Recession or Stagflation
  • Commodities-grains, metals, industrial metals
  • The

  • Is Cannabis Finally Low Enough to Go High?

    Mish Schneider | June 21, 2023

    Wednesday, we began to see a separation between what Chairman of the Fed Powell said on fighting inflation, and the inflation indicators themselves.

    Food commodities, particularly grains, soared. Weather is the dominant factor as we head into the summer season.…


    Bearish at the Bottom-Institutions Wrong on Oil

    Mish Schneider | June 20, 2023

    On June 12th, Goldman Sachs came out with this:

    Goldman Sachs has slashed its forecast for oil prices by nearly 10%, citing weak demand in China and a glut of supply from sanctioned countries, including Russia.

    What the big institutional …


    Economic Modern Family-Let’s Get Technical!

    Mish Schneider | June 18, 2023

    Focusing on the Economic Economic Modern Family, the weekly charts will help us see who is doing what, why, and perhaps help us understand, for how long.

    Granddad and Grandma Russell and Retail are the matriarch and patriarch of the …


    Speaking of AI-A Look at Our Alpha Rotation

    Mish Schneider | June 15, 2023

    Those who read our Daily and follow us on the media know that we talk a lot about risk gauges.

    The big focus for me personally is the relationship between the S&P 500 and the long bonds.

    The other 2 …


    Fed’s Victory Lap and Next Steps for the Market

    Mish Schneider | June 14, 2023

    What we heard from the Fed and FOMC on Wednesday:

  • Unanimous
  • Holding Rates Allows FOMC To Assess Additional Data
  • Tighter Credit Likely To Weigh On Activity
  • 2023 Unemployment Seen At 4.1% Vs 4.5%
  • Median Rate Forecasts Rise To 5.6% End-`23,

  • A Foray into Currency Pairs

    Mish Schneider | June 13, 2023

    Teaching an old dog new tricks means that the tricks might be new, but the notion of doing tricks is familiar.

    Case in point-currencies and trading currency futures.

    We have traded ETFs UUP and FXE (dollar and Euro) in the …