Real Vision: Finance & Investing
Will Earnings Bolster the Bulls? With Dale Pinkert
Oct 16, 2023
Dale Pinkert, Head of trader development at TradeGateHub, discusses the latest earnings numbers and updates us on his outlook for tech, gold, the U.S. dollar, and more. They analyze market behavior, dollar patterns, technology stocks, and discuss the importance of flexibility and risk management in trading.
36:28
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Quick takeaways
- Despite geopolitical tensions, the stock market rallied with positive earnings reports and a weaker dollar, leading some to consider abandoning bearish stances and speculate about new market highs.
- Gold's price rally under $10 in a week and silver reaching 2060 was influenced by decreased shorts and short covering, with gold's performance potentially depending on the movement of the dollar, while caution is advised as there may still be a chance for a bear market in the dollar that could impact silver's performance.
Deep dives
Geopolitical Developments and Stock Market Rally
Despite geopolitical tensions, such as Israel's imminent invasion of Gaza, the stock market rallied with S&P gaining 1% and treasury yields creeping up. The unexpected strength of the market in the face of these tensions surprised many, leading some to consider abandoning bearish stances and even speculate about new market highs. The bulls seem to have the advantage unless these gains are reversed, and with positive earnings reports and a weaker dollar, the market may continue its upward trend.
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