The ACID Capitalist Podcast Acid Breath: The Gold-Oil Puzzle
9 snips
Oct 15, 2025 Markets resemble a calm sea, where traders hold their poses in anticipation of action. Banks report profits yet remain cautiously optimistic, hinting at a boredom-induced market break rather than one driven by fear. Gold is on the rise while oil stays muted, raising questions about evolving demand. Echoes of bubble warnings mirror past tech follies, as the current landscape feels like a restful nap before potential storms. It's a unique market meditation with a contrarian twist, all delivered with a playful flair.
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Markets Drift In The Gaps
- Markets moved quietly in the gaps between headlines and hinted rather than shouted their direction.
- Hugh Hendry interprets the session as theatrical caution with little decisive price action.
Bank Memories From 2007–08
- Hendry recounts his long-term distrust of banks after living through 2007–08 market cycles.
- He describes watching bank charts break out yet still feeling unable to commit to those stocks.
Boredom Precedes Market Breaks
- Boredom, not fear, often precipitates market breaks according to Hendry.
- He finds universal caution across participants a bullish sign because everyone is scared.