Milton Berg is a quiet legend of technical analysis whose work is regularly used by the world’s most accomplished investors. He joins Jack Farley to share his reading of specific patterns in the market that to him are strong bullish indicators. Berg argues that the recession already occurred in 2022 and that the best time to buy stocks is coming out a recession. Berg shares with Farley in-depth analysis of the breadth and volume characteristics of recent price action that make him think that the bear market is over. Berg is particularly constructive on China and gold miners, and in addition he and Farley debate the meaning of the steep yield curve inversion.
Milton Berg Advisors is a boutique consulting and research firm that offers investment advisory services exclusively to institutional investors. More info can be found at https://miltonberg.com/.
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Timestamps:
(00:00) Intro
(00:34) Milton Berg's Way Of Analyzing Markets
(09:31) A Transition From Inflation To Recession Is Bullish For Stocks
(12:13) Comparison To Dot-Com Crash
(17:24) "The Market Bottomed In June"
(21:12) Bullish On Chinese & U.S. Stocks
(29:37) Permissionless Plug
(30:39) But What About Bear Market Rallies?
(42:58) "I Have Zero Sell Signals"
(45:08) But What About The Inverted Yield Curve?
(47:44) The Unemployment Rate
(56:53) China Stocks and Gold
(01:04:44) Milton Berg's Outlook on Treasury Bonds
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
