Real Vision: Finance & Investing
Is Cash Still King? with Mish Schneider
Oct 4, 2023
Mish Schneider, chief strategist at MarketGauge, discusses the performance of small caps in the market, the importance of small and medium-sized businesses for economic growth, the impact of OPEC's production cut on oil prices, and technical indicators concerning the stock market rally. They also explore retail trading options and promote educational initiatives.
36:21
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Quick takeaways
- Monitoring the performance of small caps, particularly the Russell 2000 index, provides insights into the overall economic health and potential future trends.
- Analyzing risk gauges like the performance of junk bonds compared to Treasury bonds and the S&P 500 relative to long bonds can indicate risk-on or risk-off market sentiment and potentially signal a recession.
Deep dives
Small caps as a reflection of economic performance
The speaker emphasizes the importance of monitoring the performance of small caps, specifically the Russell 2000 index, as an indicator of the overall economic health. The speaker suggests that the performance of small caps will provide insights into whether the economy is heading towards a recession, stagnation, or a potential soft landing. The wide gap between small caps and gold stocks signifies an unsustainable trend, and the outcome will depend on whether the small caps close the gap or if larger stocks decline to meet it.
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