7:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Venture Update The Venture has pushed as high as 638 in early trading today, meaning it has now more than made up all the ground it lost in the 4-day “Tariff Tantrum” that sent the Index down 13.5% to as low as 546 where a bullish hammer reversal occurred as predicted. It’s only a question of “when”, not “if”, the Index finally completes that much-anticipated breakout above key 640’s resistance that goes back to 2022. The odds of this happening by the end of April have…
Author: BMR
11:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings Time to be a contrarian: Consumer worries grew over inflation, unemployment and the stock market as the Tariff Tantrum heated up in March, according to a New York Fed survey released yesterday. Notably, the expectation that the market will be higher a year from now slid to 33.8%, the lowest reading going back to June 2022. Interestingly, that’s just about when Wall Street took off with the Dow soaring 17% over the next 6 months and by 50% by late 2024. The…
5:45 pm Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update Wall Street futures are in the green as of 5:45 pm Pacific after 1 of the most volatile weeks on record, thanks to the media-hyped Tariff Tantrum; Wall Street is gearing up for a major week of earnings, with results from big banks such as Goldman Sachs, Bank of America, and Citigroup on the docket. Other key names, including streaming giant Netflix and major carrier United Airlines, are also set to report; Gold is coming off its biggest weekly percentage gain since…
Dramatic Week For Venture There is no either way to describe it – the Venture had a dramatic week, but there were no surprises from our point of view as we pretty much called it bang-on last Sunday/Monday when the mainstream media was hyperventilating and triggered the Great Tariff Tantrum (and a massive buying opportunity for those who didn’t have the hell scared out of them). The Venture, in sympathy with Wall Street, tumbled as much as 13.4% over just 4 sessions but then roared back 70 points or 12.8% to close the week well into the green at 616.…
7:15 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings Gold has powered to a new record high above $3,200 with the U.S. Dollar Index plunging to a fresh 3-year overnight low of just above 99 while bond yields continue to rise (10-Year Treasury is up another 13.3 basis points to 4.525 as of 7:15 am Pacific). Gold has shot up $58 an ounce to $3,233 while Silver is 53 cents higher at $31.69; As expected, the Venture is finishing the week on a strong note above 600 after a powerful hammer reversal -…
7:15 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update Yesterday’s massive rally on Wall Street, following Trump’s tariff announcement, was the 3rd biggest percentage gain for the S&P 500 since World War III. A common denominator with these big historical moves – look at the timing of them – is how they preceded strong bull market runs over the course of the following 12 months and beyond. Combine this with how the Venture has been performing this year (updated chart further below), and you can appreciate why we are as bullish…
8:30 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings Gold surged overnight as China retaliated with new tariffs against the United States and fears of a U.S. recession grew, a narrative increasingly being pushed by the mainstream media. As of 8:30 am Pacific, Gold is up exactly $100 an ounce at $3,082 while Silver has jumped 57 cents to $30.36. In case you missed it, last weekend China updated its reserve data, showing it bought another 3 tonnes of Gold in March. That’s the 5th consecutive month the central bank has increased…
9:30 pm Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Peak Fear Grips The Markets Some key takeaways as “Peak Fear” spread through the markets early today: Volatility Index (VIX, “Fear Index”) soared as high as 60 today, putting the Tariff Tantrum right behind the 2008 Global Financial Crisis (#1) and the 2020 COVID Crash/Pandemic (#2) on the Fear Scale for this century; The scale of the Tariff Tantrum simply doesn’t compare to the crisis of 2008 or the shutdown of the world in March 2020; To the extent that this is a “Global…