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The Market Huddle

MH+ Ep. 20: Patrick and Chase Take A Deep Dive in To The Markets

Nov 21, 2023
In this podcast, the hosts discuss various topics including the recent stock market rip, favorite commodity trades, and predicting future market growth. They analyze the performance of market indices, speculate on the future, and analyze the movements in the dollar yen pair. They also talk about buying stocks based on technical analysis and fundamental reasons. Additionally, they discuss the performance and potential of uranium in the market, as well as commodities like cocoa, axe, sugar, soybeans, and orange juice futures.
29:00

Podcast summary created with Snipd AI

Quick takeaways

  • The stock market rally is expected to continue melting higher with a slower and lower volatility move for the rest of the year, while the Russell index may underperform due to short-term rates and its economic sensitivity.
  • The weakness of the US dollar, particularly in relation to the USD/Yen currency pair, suggests that the USD/Yen top is likely in and the yen could continue moving higher given potential rate cuts by Japan's competitors.

Deep dives

Stock Market Rip and Melting Up

The podcast episode discusses the recent stock market rally, highlighting the sudden shift from bearish sentiment to a strong market rip. The speaker suggests that the market is likely to continue melting higher, with the rest of the year expected to be a slower and lower volatility move. They mention that the Russell index has underperformed and may continue to do so due to short-term rates and its economic sensitivity. The S&P 500 is discussed as possibly reaching the 2021 highs or possibly experiencing a slow crawl of another 100-150 points.

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