The Macro Levels that Matter Most

Published on
August 9th, 2019
Duration
15 minutes


The Macro Levels that Matter Most

Trade Ideas ·
Featuring John Kolovos

Published on: August 9th, 2019 • Duration: 15 minutes

John Kolovos, CFA, CMT, chief technical strategist at Macro Risk Advisors, sees two distinct possibilities for equities over the coming months. In this interview with Justine Underhill, Kolovos breaks down those scenarios, and then provides his outlook for bonds and gold. He also provides specific trades on the Japanese yen and crude oil. Filmed on August 8, 2019.

Comments

Transcript

  • MR
    Mark R.
    12 August 2019 @ 21:27
    he's very good
  • Hv
    Hannah v.
    12 August 2019 @ 04:14
    All those 70’s bell-bottomed, hot-rod driving dudes are now sporting discrete battleship-grey Depends nestled within comfy Lazyboy loungers. In terms of demographic weight, I’m not so much convinced the 70’s are going into replay here.
  • TR
    Thomas R.
    10 August 2019 @ 18:59
    How can he be bullish JPY and short (or neutral) gold. They've been correlating recently
    • MG
      Michael G.
      10 August 2019 @ 21:39
      Correlations can and will change over time
  • CB
    Clifford B.
    10 August 2019 @ 01:31
    Interesting perspectives. First person I have heard describe the Yen as a haven in years. 6 months... he may be right but no. short oil seems logical. Since many larger factors are at play I'd say gamble that the US Pres is gonna push every button possible going into elections regardless of the repercussions. Long story short. out of equities and stocks. hard assets and cash. sold high now to buy low.
    • DS
      David S.
      10 August 2019 @ 02:38
      The safe haven for the Yen may result from all the wealthy Japanese bringing their Yen home. It is certainly not the interest rate or stock market. DLS
  • JS
    Johannes S.
    9 August 2019 @ 23:18
    Whenever I hear someone calling an entire sector “uninvestable”, all my contrarian alert signs start flashing :) Having said that, find it interesting that he has a similar thesis like Michael Oliver from Recession Week (albeit from a different angle), in that IF the S&P drops to ~2650-2750, we’ll see a mich bigger drop from there.
  • JT
    Jason T.
    9 August 2019 @ 22:01
    The Yen is very correlated to gold & silver right now. Somehow, I doubt that in a currency crisis, the Yen will be the safe haven.
  • R
    Ron .
    9 August 2019 @ 18:40
    Nice and simple. Well thought out and well-presented presentation. Definitely have him back in 3 or so months to update on all [S & P, gold, silver, yen, oil, etc.]. Good job RVTV!
  • JR
    J R.
    9 August 2019 @ 10:18
    OPEC+ won't let oil slide and cut production. Saudis need $70+ to finance mega budget financing. You can take the 'breakout' on Brent to make a new bottom where it bounces back from there. Forward curves in Brent also backwardated.
  • SS
    Shanthi S.
    9 August 2019 @ 09:08
    Enjoyed. Thanks 👍
  • WW
    Wayne W.
    9 August 2019 @ 08:04
    I particularly like John's thesis on oil, hope he's right. Get him back in 3 months maybe to hear whether any of his 3 trade ideas have changed dramatically.
    • SB
      Stephen B.
      11 August 2019 @ 11:20
      The trade makes a lot of sense but I am nervous of an escalation in the Iran conflict. Shorting Copper seems preferable to me.