Want to “Intimidate Everybody”? Be a Bond Market
by Editorial Staff
Updated: May 23, 2023
Free, see Murray’s FULL presentation now
If a picture is worth 1,000 words, a price chart is worth 1,000 Fed statements.
On May 4, at the MoneyShow Virtual Expo, EWI's Head of Global Research, Murray Gunn, showed an eager audience 30+ charts -- many going back decades.
Murray's point was simple: Let the charts do the talking.
And boy, do they.
We are in a Great Unwinding.
Do not miss this. (You can't afford to.)
30 mins, free to EWI subscribers and Club members.
Mainly just seven stocks have been holding up the U.S. stock market. As EWI recently noted: "There has never been such a high weighting in the S&P in such a few number of companies." Elliott wave analysis can help you anticipate major shifts in crowd behavior.
Many investors believe that the stock market reacts rationally to news like corporate earnings, oil "shocks," economic data, Fed announcements and so forth. But does the evidence support the notion of such exogenous causality? There are several examples of stock market "myths" and here's just one of them.
The cryptocurrency stage has a clear standout: Solana. On November 16, the world's #6 crypto soared to 18-month highs, outperforming all cryptos in Oct. and Nov. SOL's surge was right in line with its bullish Elliott wave pattern -- NOT a ChatGPT prediction.