Time Stamp References:0:00 - Introduction1:30 - Recent Article2:40 - Gold Therapy11:35 - Contrarian Views13:06 - Crypto Vs. The concentration occurring in the S&P is quite concerning and there is plenty of room for investors to get hurt. If it comes under pressure their confidence to taper will falter. John expects the Fed will closely watch the S&P and do their best to keep it propped up. Inflation will likely be even higher by the end of the year. The PPI shows that the S&P often has problems when inflation gets high. Historically, CPI can get quite non-transitory for extended periods. He doesn't believe the Fed was evaluating the CPI number properly. No one is prepared for tech to underperform. The only way investors will embrace other sectors is when tech fails to participate. He discusses how ESG mandates are pushing more investors toward technology and this has caused issues with capital in other sectors like energy and resources. Gold might be starting to outperform and it carries a lot less risk. He discusses some of the controversial players in the Bitcoin space including MicroStrategy and El Salvador. For this reason, gold may be a good contrarian play.Ĭrypto is an easy asset to acquire in this era and many believe that it only goes up. Gold remains restricted with many investors tired of looking at it. The Fed balance sheet is at unprecedented heights and we see speculation across all asset classes. John discusses his experiences with those that invest in gold over his career. Those with good experiences in gold markets are few and far between in this era. At an institutional level gold may not have the interest of fund managers. He wonders if gold is hindered because of a lack of investor interest. He is uncertain if gold will participate because of inflation or if it will outperform during periods of deflation. We're in a commodity cycle since the Covid low of 2020. Gold is showing decent relative strength. John is senior managing director and head of technical strategy for 22V Research. Tom welcomes John Roque back to the show. Whilst watching our content we would greatly appreciate if you can LIKE the video and SUBSCRIBE to the channel, along with leaving a COMMENT below. Please can we ask you to take this opportunity to *SUBSCRIBE* to the Last Word On Spurs and THANKS FOR WATCHING. Host Ricky Sacks is joined by returning guests Lee McQueen, George Achillea and debutant Megan Wright to review Tottenham Hotspur’s FA Cup tie against Brighton and preview Spurs' next Premier League match against Southampton on Wednesday.Īn independent Tottenham Hotspur Fan Channel providing instant post-match analysis and previews to every single Spurs match along with a range of former players, managers & special guests.