Masters in Business Stephen Suttmeier on Chart Portfolio of Global Markets
Dec 21, 2023
Bloomberg Radio host interviews Stephen Suttmeier, director and chief equity technical strategist at Merrill Lynch. They discuss the transition to Merrill Lynch, defining technical analysis, analyzing market trends with moving averages, predicting market rallies and corrections, analyzing gold's cup and handle pattern, the impact of COVID-19 on the bond market, and the seasonality of the stock market.
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Bootstrapped from Boiler Room
- Steve Suttmeier began his career in finance working in a boiler room similar to the movie Boiler Room.
- He quickly realized it was not the path for him and sought more legitimate financial roles.
Technicals Complement Fundamentals
- Stephen prioritizes technical analysis but uses fundamental analyst ratings as confirmation.
- Technicals help identify what and when to buy, complementing fundamental views.
Technicals Indicate What To Buy
- Technical analysis can indicate what to buy, not just when to buy.
- Chart patterns reveal price trends and base formations that hint at potential value before fundamentals catch up.