After a market overview, Pete focuses on small-caps and commodities today. Taking a broad based view on commodities, we're seeing prices pull-in which is what he thinks the whole idea of controlling inflation is all about.
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Overall markets in general have been in a broad risk-on trade, even natural gas is rallying today. Coming from oversold levels, obviously consensus has swung from the fear of interest rate hikes, but we're not out of the woods yet with more hikes expected in the near future. Today Pete takes a lo...
Markets are off to a mixed start as Pete starts the show today, but there's really no narrative for a move higher other than the oversold conditions and some re-balancing. A lot of push-pull from energy, recession talk, inflation, and rising rates, are all contributing to the headwinds. To suss o...
Pete takes a look at current market conditions and highlights the "rip-tide" that is occurring under the surface as the bullish percent continues it's trend lower. Sentiment has continued to see-saw back and forth between neutral and bear, while bullish sentiment is back to being unusually low.
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