In your recent interview with Michael Gayed, you gave an overview of your recent guests' outlooks as the news, economy, and markets changed. It'd be nice to have a periodic overview like that. We can see where guests predictions/outlooks were accurate or not.
Unless one tenth the US population isnt consuming, There are tanks all through Florida that are going to sit full for 2 weeks. No draw down. You saw it Tuesday night with the AIA;s and Wednesday Morning with the EIA's. 10 million builds and its only going to get bigger
When Iran launched those very effective missiles I guarantee they had Russia and maybe China's approval. Maybe US and Israel should try not being jerks if they want to avoid winning stupid prizes.
Were you buying BP stock this last month? Undervalued. Oil is going to rise but will we see economic contraction in the West, reduction in demand too? And what will happen with other manufacturing as they run out of microchips due to the supply issue with high purity quartz?
You buy oil stock and yer ripping off the gov.t; these companies use more resources mining and shipping the stuff than the everyday consmer get from their tanks
@@barbaraatkinson2204but it doesn't look undervalued right now like BP does, for a heritage oil company it is LOW. And I have to be careful with xe, stock can rise but when Dollar drops it can negate the gains, there are the charges too, they add up.
“Enter by the narrow gate; for wide is the gate & broad is the way that leads to destruction, & there r many who go in by it. Because narrow is the gate & difficult is the way which leads to life, & there r few who find it."-Matthew 7:13-14 "Do all things without complaining & disputing, that u may become blameless & harmless, children of God without fault in the midst of a crooked & perverse generation, among whom u shine as lights in the world"-Philippians 2:14-15 "If u call on the Father, Who without partiality judges according to each 1’s work, conduct urselves throughout the time of ur stay here in fear"-IPeter 1:17
THE BEAR CASE = weekly SP500 is currently a double/triple top. If the double/triple top breaks out it migrates to a weekly H&S with new all time high head formed by Fed rate cut + October volatility... then Santa Rally. Fed pivot in 2000 and 2008 were both followed by a 3.5 week rally, both of which subsequently broke down into their respective crashes. Maybe this time it's different due to the markets delusional belief that AI will somehow deliver magical ROI and increase revenues/earnings due to a few increases in productivity... Big tech has spent $trillions on this spurious herd psychology belief. The AI hype/bubble continues along with Soft landing media brainwashing and we push on to a fully fledged blow off top (the 'head') around 6000 to 6200 on the SP500.... Santa rally for 2024 and then a new year hangover... AI chickens coming home to roost with a dawning realisation that these revenues/earnings/ROI are a long way off. If unemployment continues to rise into the first quarter 2025, the 'market' will start to accept defeat and will start pricing in recession which will trigger the end of the blow-off top and the start of secular decline as institutions and hedge funds will sell into the weakness at blow off top all time highs knowing that it could be quite some time before we get back to 6K again. Selling will beget selling and retail will join the stampede. In addition, we have had the best part of 2 decades of ZIRP which has blown up the "everything bubble" and so with interest rates now going back up, the risk is that the bubble pops when asset prices readjust to permanently higher rates.
