Guy spends his time blocking anyone with different view so he doesn't have to debate.

Great interview. I just loved his reminder, ALMOST no one sees the start of a bear market. Its only in hind sight that the vast majority understand what happened. This time is much worse because of the deterioration is so many metrics. The stock buy backs are completely hiding a lack of saver participation in the bull market. The question for me personally is, will any sustained market rise now signal a blow off where the average investor finally jumps on the bandwagon for FOMO? Or will the current raft of potential bad news, recession, Brexit, China trade, Presidential impeachment, finally push the market breakage. I have no idea which comes first, therefore must play both ends and continue to suffer low single digit average returns.....

Interesting about the Dec sell-off effect vis-a-vis Raoul's notes over the past couple years about boomers needing to pull money out in greater and greater quantity to meet retirement fund rules, starting at age 70.5. In other words: it seems that perhaps, if R is correct, that the Dec effect that Sven says is more rare, might have another year or two in it. ??? thoughts please!

What does he mean by "yearly 5 EMA" around 23:00? 5-day EMA on a yearly chart? That makes not much sense to me..

Tax dollars --> underfunded pensions --> pensions buy bonds --> bond issuers buyback stock --> stock holders sell shares and pay taxes. Wash, rinse, repeat for the past decade or more. Ballooning debt levels force central banks to suppress interest rates to keep the wheels on the bond market bus. Today, taxpayers are tapped out and servicing ballooning debt levels gets more challenging with each iteration through the loop, even with artificially low rates. In my opinion, the ability to continue with this loop is in the 8th or 9th inning. I'm not predicting a crash because maybe the next step is for central banks to buy stocks directly. Hard to say, but I don't see too many more cycles through the loop being possible as 0% is approaching (each cycle needs more tax dollars as pensions become less and less solvent with lower and lower yields on their bond holdings).

Good interview but 19 days lags in these markets are too long

The oldest video I could find on him was September 2016. He was predicting a 25% then from S&P 2100. Needless to say, a really bad call. https://www.cnbc.com/2016/09/13/stocks-are-primed-to-drop-25-percent-before-the-year-is-out-northman-trader.html

I miss the good old days, when you actually had a real interviewer present on camera instead of "miss robot voice " and the sound of a dot matrix printer. Real vision needs more Ed Harrison and Justine Underhill types please.

The idea of RealVision is to to provide information that will help to yield positive investments to its subscribers. It should not be a forum for its own bearish viewpoints. It should know that sounding bearish as the Northman trade does sounds great but is not and has not not for a long time been beneficial to ones returns. He has been bearish albeit sounding very intelligent for a long while. In fact, if he invested his viewpoint, he might well be BK. Please stop with these individuals who have no track record. I would recommend that every person on your show start with performance and if they do not have one state that they do not actually run money. Let’s get real. Please stop with these intellectually smart bears or bulls that are on paper.

Nicely done. Quite easy to see by the comments that volatility is not some viewers friend. Mr. Henrich here has narrowed down exactly what has happened since 2018 - volatility. I think it's wonderful. Knowing what to look for on a drop like May or August makes my happy wife a happy life for me. A crooked line is much longer than a straight one. Also, Henrich appears to call himself a technical trader but he pairs the charts with the human factor which is imperative. If anything, it narrows down the possibilities.

One of the best pieces RV has put out in awhile.

Great interview. Although he is a technician, he can have a good conversation (well, with the bot in this case) about some of the fundamentals of the market. I do feel that he falls into the trap - probably unknowingly - of covering all of his bases in terms of what happens. He throws a lot of statements out there so that he is always going to be right on a market turn up or down. Market goes down, he called it. Market goes up, it is a temporary melt-up. A lot of strategists do that in my view.

My name is Sven, so I guess I'm a little biased... have to say that was some rock solid analysis! Thanks Sven

Pretty sure Sven Heinrich has been bearish for the past four years, pretty much a perma bear. Oh and the SPX just hit a new ATH.

Okay let's get into this! First off thought the interview was really good. While I didn't agree with all of Mr. Henrich's points he makes some very convincing arguments. I loved the VIX analysis, I think there is some good money to be made there in the short term. I enjoyed the technical analysis covering Debt to GDP (144%/137/144/146%) and now we're back at 144% and going higher! That's a very convincing argument for me because I think a lot of traders probably pay attention to that statistic. As to how long the FED can keep this up. We'll I'm thinking until about 2025-6. That's not an exact date though and let me explain a bit. It seems the markets reset about every 25-30ish years. 1944 Bretton Woods to 1971 gold standard removal. 1971 to 2001 WTC collapse and movement to extreme deficit spending. 2008 collapse but kicked up due to QE so we're really on in about 19ish years. We've still got rates to hit 0%, MMT to go through (I think it's coming regardless of being good or not and it's going to be a political battle), and helicopter money to distribute. We seem to be in the midst of a cycle that is much longer and totally separate than any other (which is why it's "undiscovered"). Will the system fail? Yep. I think it's a much longer way off than most others though. We have lots more bad monetary policy to get through (several mini crashes), political unrest to really get going (it's still mostly peaceful atm), this trade war is really just getting going and only stalled a bit due to the coming election. Even though we're slowing down we still haven't stopped growing. It's like putting on the breaks to make a turn but you're not exactly sure where the turn is. You keep breaking anddddd "nope, next one".... "nope, next one". The positive of all this system of things is that Mr. Henrich analysis of volatility I think is spot on. If you like volatility, I think that's gonna be an annual opportunity to make some money. The realistic side of me is sad we're heading down this road and I wish I could correct it. I can only watch, read, listen, learn, and bet. Finally also, TYVM for putting in the charts on the transcripts. I know whomever did that put in extra work and I appreciate your dedication!!!!

Really like Sven's work. I think he has been very on the mark the last few years. He asks the relevant questions if you ask me. How much more can central banks do? Rates are near rock bottom now.

There is a group of macro analysts on twitter, Sven is one, who offer a lot of charts, opinions, but at the end of the day their ability to predict is 50/50 at best.

Brilliant 10/10 and I'm glad it wasn't another video about Bitcoin 😀

This is the rational bit! But but " the market can stay irrational longer than you can stay solvent". What if FED decided to buy all the risk assets in perpetuity?

Loved the interview. & Thank you for the charts in the transcript!!!

same ol Sven. nothing changes. heard this before

My man Svenrich

My hero!

Very Insightful talk. Interesting that Sven mentions Germany, baby boomers/aging populations/decreasing work force. Germany is welcoming refugees while many others are closing borders. Time will tell how each country fares.

Just hit that new high

Great interview / presentation. Thank you, Sven!

Sven has emerged as a great strategists and chartists. Great command of the macro and the markets. I got to know him about 10 years ago. Quality guy all around.

Just love his summary at the end - absolutely nailed it in my opinion!