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Charlie Morris

Charlie Morris

Caution on China

Caution on China

Trade in Soda; Thankfully, it looks like an agreement will be reached on the US debt ceiling. The good news is that the US government will likely avoid default. Depending on your view, the good or bad news is that that debt can now grow by another $4 trillion over

Challenging Times for Bonds and Breadth

Challenging Times for Bonds and Breadth

It is rare that the market breadth can be as thin as it is today outside of a bear market. That is, the number of stocks in an uptrend is low, yet the stockmarket is holding up. The only recollection I have over the past 25 years was in 1999,

Commodities

Commodities

Flash note; Commodity prices are coming under pressure once again. I can continue to make a bullish medium-term case for gold and oil, but we cannot escape the mounting evidence of a Chinese slowdown. The latest casualty has been industrial metals, with copper leading the way down. My hope was

Trouble in China and the Case For Technology

Trouble in China and the Case For Technology

Trades in Soda & Whisky Last October, I felt markets had fallen enough, and a rally was due. This proved correct, but what worked less well was the focus on China, Asia and the emerging markets. There is trouble brewing in China beyond politics, demonstrated by the lacklustre “boom” following

Clever & Lazy People Win

Clever & Lazy People Win

There was a downbeat tone from ByteTree this week but more a reflection of market liquidity than an economic slump. The dollar has started to rally again, and that has put commodities and crypto under short-term pressure. More importantly, perhaps, the largest and most liquid assets are the beneficiaries, at

Prepare for the Dollar Rally

Prepare for the Dollar Rally

Atlas Pulse Gold Report; Issue 82 Compared to everything else, gold is in good shape, but it is competing with the world’s most liquid currency, that now pays a 5.25% yield while inflation is falling. The $2,000 breakout was exciting, but the price has now stalled. Highlights

Reducing Risk

Reducing Risk

Flash Note I recently made the case to add to commodities. The logic was that the Chinese recovery would be strong while the dollar was weakening. Having sold commodity stocks last year after a fabulous run, they had fallen enough, and it was an opportunity to buy. The Chinese recovery