As we head into the New Year, most of us look back on 2023 and assess our performance in the markets we choose to trade. And also look forward. Do we keep to our winning strategies that served us well and ditch those that didn’t?
Author: John Burford
I confess the post October 27 stock rally has been a major surprise to yours truly, not so much in form or timing but in scale which has been huge. But the form of the waves off the November 2021 ATHs clearly point to it
The Magnificent Seven (M7) has now become just about the only game in town (except for our Uranium shares for Pro Shares). At 30% of the S&P 500 market cap, they dominate the Nasdaq as well – but notably not the small cap non-tech Russell
The Nasdaq has advanced an astonishing 60% this year in spite of a huge spike in interest rates. I see that last week, US financial advisors made their largest stock inflows since at least 2016 – the vast majority into the Marvellous Magnificent Seven. These
A little over a month ago just as the first news emerged of the Israel invasion, I stated that this event marked a watershed moment in global affairs – and in financial markets. Events since then have not deterred me from this view one iota.
The most influential market in the world is the US Treasury market. Since the Covid Crash ATL yield (the famous zero bound) of the 30 yr T-Bond of about 0.5% in March 2020, the yield has moved up to around the 5% mark and the
How to lose $4 Trillion in three months? That is the loss of capital in the S&P 500 since the wave 2 high on July 27. A few more months of that punishment and pretty soon we shall be talking serious money. Google/Alphabet has been
Long time readers will know I have been a major sceptic of the plan to electrify everything on the misguided mission to outlaw fossil fuels. In fact, it has the potential to bring down economies – and many governments. My stance is not because of
With last weekend’s ‘surprise’ Hamas attack on Israel, it exposed a massive crack in the Middle East powder keg security that had kept the lid on wars there in recent months. With the wholesale ground invasion of Gaza imminent with even more innocent Palestinians to
Ever since I first came across the growing anxiety over the ‘climate change’ meme early this century, one of the most remarkable features has been the escalating growth of the confidence (hubris?) of our leaders to claim to be able to alter the natural trends
God bless weekends! They offer us a time away from the often furious market action where we can take a more long term view of our affairs and plan our strategies. It is the time to examine our longer range charts and to catch up
Please don’t say I didn’t warn you! The dominos are starting to fall with Nvidia – the AI darling du jour – down 20% off its August ATH already. And because bullish sentiment remains at a very high level, the declines are starting to enlarge.
