Wednesday, March 29, 2023
Sunday, March 26, 2023
Friday, March 24, 2023
Mohnish Pabrai Lecture on Approaches to Value Investing
Mohnish Pabrai's Q&A Session on Value Investing with Narsee Monjee Institute of Management Studies, Mumbai on June 16, 2022
00:00:00 Introduction
00:01:44 Approaches to Value Investing
00:04:52 The Multibaggers approach
00:08:39 McDonald’s 60+ years of compounding
00:15:34 Chuck Akre's Three-Legged Stool
00:16:35 Global Multibaggers
00:20:57 Choose your focus
00:36:14 Is Value Investing dead now?
00:49:02 Venture Capital Investing vs. Public Equities
00:53:45 Passive Index Investing
00:59:54 Handling Drawdowns
The contents of this video are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
Thursday, March 23, 2023
Monday, March 20, 2023
Have We Reached Peak Shale?
Today we deep dive fracking and shale, the energy source that put Peak Oil concerns on the back burner for a decade and a half. According to recent analysis by Goehring and Rozencwajg Shale field production is showing signs of sliding down the backside of Hubbert’s curve. What are the geopolitical and economic ramifications? Are there more shale booms on the horizon overseas? What are the implications for nuclear which has been sidelined in deregulated markets by cheap abundant gas? Leigh Goehring joins me for a detailed discussion.
For a deeper dive check out Goehring and Rozencwajg latest quarterly analysis. http://info.gorozen.com/2022-q4-comme...
Sunday, March 19, 2023
Saturday, March 18, 2023
Wednesday, March 15, 2023
Monday, March 13, 2023
Sunday, March 12, 2023
Friday, March 10, 2023
Gareth Soloway: Gold - The Safe Trade in a World of Absolute Risk
The Fed was discussing transitory issues, but now they are talking of a mild recession. They have built a house of cards heavily reliant on rates and printing, and no one knows what could break in the system today. The unintended consequences of their actions could lead to a collapse. Despite this, the Fed may be reluctant to curb interest rates, meaning we could be in for a protracted period of recession lasting several years.
Investors today are used to the Fed coming to the rescue, particularly since 2009. But if they don't, markets and investors will be confused about how the recovery will work out naturally. Credit card debt is skyrocketing and car loans are seeing defaults, leading Gareth to believe we are in for a long drawn out recession. People have been overspending since the end of the lockdowns, and soon will have to cut back. Countries with resources, particularly metals, will likely do better than most. China is seeing a surge in demand internally, and it will be interesting to see if this leads to an inflation surge.
Gold is still attractive for its use as a fear trade, and can also do well during inflation. However, it has yet to outperform this year. Servicing the debt will put a burden on the system, while corporations will also have issues refinancing. There are many layoffs coming as a result. Gareth believes the downside for gold is minimal, and the upside is potentially amazing. Silver is trickier to gauge because of its industrial demand aspects, but should perform well if your time horizon is longer than average.
The dollar could continue higher if we get through this recession, which will in turn pressure metals and equities. We need to keep an eye on the jobs numbers on Friday. The decline in natural gas futures has been impressive and we are now in a trading range. Gareth still believes the Bitcoin markets are likely due for a further decline, and that we are seeing similar patterns. A bear market rally appears to still be in play, and a pullback to 18,000 or even lower seems likely. A recession or pullback in equities will also impact the crypto space, so lower targets remain possible. Gareth believes regulations in crypto will benefit the markets, as it will allow institutions into the space. Right now, legally they would have a lot of trouble investing.
Thursday, March 9, 2023
Wednesday, March 8, 2023
Understanding the Golden Cross A Simple But Powerful Strategy
The Golden Cross Strategy is a popular technical analysis trading method that uses the crossover of the 50-day and 200-day moving averages. When the 50-day crosses above the 200-day moving average, it creates a Golden Cross signal. Many traders consider this crossover a bullish sign, as it indicates the short-term moving average is trending higher and has broken above the longer-term moving average, which may signal the beginning of a long-term uptrend.
The Golden Cross is often used by "buy and hold" traders looking for long-term investment opportunities. These traders first use the Golden Cross signal to confirm a bullish market trend. Then, after the Golden Cross signal is generated, traders will purchase stocks (or other assets) and hold them for an extended period while hoping to capitalize on long-term market trends.
Like any trading strategy, the Golden Cross has its limitations and may not be appropriate for all traders or market conditions. Additionally, using confirmation signals such as new monthly highs can help improve the timing of entries.
Join John Rowland, Barchart's Senior Market Strategist, as he explains the core concept of the Golden Cross and walks you through how to use various additional technical analysis tools to enhance timing and filter out whipsaw price movements that are common with trend-following trading systems. John will also demonstrate some of the valuable tools and features Barchart offers to manage this simple but powerful trend-following system.
In this webinar, you will learn about:
- Rules of the Golden Cross System
- Trend confirming technical analysis
- Filtering strategies to enhance entries
- Risk Management Techniques
- Barchart Features & Tools that can help manage trend-following systems
Monday, March 6, 2023
Sunday, March 5, 2023
US Economic Calendar This Week
| Time (ET) | Report | Period | Actual | Median Forecast | Previous |
|---|---|---|---|---|---|
| SATURDAY,MARCH 4 | |||||
| 1:00 pm | San Francisco Fed President Daly speaks | ||||
| MONDAY, MARCH 6 | |||||
| 10.00 am | Factory orders | Jan. | -1.8% | 1.8% | |
| TUESDAY, MARCH 7 | |||||
| 10:00 am | Fed Chairman Powell testifies to Senate | ||||
| 10:00 am | Wholesale inventories | Jan. | -0.4% | 0.1% | |
| 3:00 pm | Consumer credit | Jan. | $25.0B | $11.6B | |
| WEDNESDAY, MARCH 8 | |||||
| 8:15 am | ADP employment | Feb. | 210,000 | 106,000 | |
| 8:30 am | U.S. trade balance | Jan. | -$68.7B | -$67.4B | |
| 10:00 am | Fed Chairman Powell testifies to House | ||||
| 10:00 am | Job openings (JOLTS) | Jan. | -- | 11 million | |
| 2:00 pm | Beige Book | ||||
| THURSDAY, MARCH 9 | |||||
| 8:30 am | Jobless claims | March 3 | 193,000 | 190,000 | |
| 10:00 am | Fed Gov Waller speaks | ||||
| FRIDAY, MARCH 10 | |||||
| 8:30 am | Employment report | Feb. | 225,000 | 517,000 | |
| 8:30 am | U.S. unemployment rate | Feb. | 3.4% | 3.4% | |
| 2:00 pm | Federal budget | Feb. | -- | -$217B |
Saturday, March 4, 2023
Anchored VWAP - Take Your Swing Trading to the Next Level
In this week’s educational webinar on Anchored VWAP (Volume Weighted Average Price), we will provide a thorough explanation of this powerful technical indicator. You will learn how the VWAP considers Price-Volume-Time to accurately measure market trends. And by the end of the webinar, you will have the knowledge and skills necessary to properly set up and interpret VWAP, determine entry and exit points, identify key support and resistance levels, and understand market sentiment.
Join John Rowland, Barchart's Head of Trading Education, as he demonstrates how to effectively use VWAP to analyze volume and price movement. John will also explain how to incorporate VWAP into your trading strategy to improve your risk management process and improve your chances of success. Throughout the session, John will provide real-life examples and practical tips on how to use VWAP in a variety of ways and time frames.
So don't miss this opportunity to gain a deeper understanding of the VWAP technical indicator and elevate your trading skills. Register now for this valuable webinar and take your trading to the next level.
In this webinar, you will:
- Gain an understanding of market volume and how it influences price movement
- Learn how to set up the Anchored VWAP indicator
- Acquire the knowledge needed to identify support and resistance levels
- Develop the confidence to incorporate VWAP into your trading strategy
CLJ23/NGJ23 Crude Oil / Natural Gas Spread
This is a 5 year chart of Crude Oil WTI April / Natural Gas April. It shows that crude oil looks toppy compared to natural gas, so if you are bullish on energy, natural gas is what you should be long.
Thursday, March 2, 2023
Wednesday, March 1, 2023
Subscribe to:
Posts (Atom)