I’m back from an amazing vacation overseas with my family so they could get in touch with our heritage and see how people live in different parts of the world … We went to London for a couple of days and then Egypt, and it was fantastic.
But I’m happy to be back, recharged and refreshed… and ready to trade, of course!
As far as how things are going on Wall Street, Senior Strategist Roger Scott and I sat down for a new weekly chat Tuesday morning where we’ll break down the big-picture, macroeconomic landscape…
Don’t worry, we also kept our conversation actionable. So here it is, the inaugural episode of Jeff & Roger’s Weekly Big-Picture Chat!
Jeff & Roger’s Weekly Big-Picture Chat
We’re coming off the Fourth of July holiday weekend and volume is anemic. The problem with this market is it wants to rally but it’s finding every excuse not to.
All our trend-following training requires that real volume and commitment is there, and I’m not seeing it, which makes it tough to go either long or short because we just don’t know what’s going to happen.
People are still clamoring for the U.S. dollar while the euro is making two-decade lows today. And this is leading to more weakness in European stocks, which is also dragging us down.
And we saw that again when the market reopened Tuesday… I went to sleep Monday night and futures looked solid…only to wake up with things deep in the red.
As Roger mentioned in the show, we’re starting to see more red opens and then higher closes, which is a good, bullish thing.
Meanwhile, gold is also falling in a super-inflationary scenario where it should be ripping higher.
Check out Jeff & Roger’s Weekly Big-Picture Chat video above and let’s discuss all things affecting the market today on a macroeconomic level…
We’ll discuss where we think interest rates are going… sinking energy stocks, which led the market most of the year… the effect the war in Ukraine is having on the market and what it will take to bring it to an end… and the dreaded “R” word — recession.
Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at jeff@joyofthetrade.com! And be sure to stay ahead of the markets by subscribing to our YouTube channel and our Instagram page for all of the latest!
P.S. Do Practically Nothing for These 27 Days
It couldn’t be more straightforward… I buy a specific list of stocks during a very small window at the beginning of each month…
And I sell during a small window at the end of each month.
It really can be that simple, and it’s worked for Wall Street players for more than 100 years.
This month’s “buy window” is here… So you need to act quickly to get in.
Because if this month’s trades are like anything we’ve seen in the past few months…
