The Big Picture | 4/23/2021 | Intermarket Analysis of the Financial Markets for Retail Investors

In this week's installment of The Big Picture, Neil touches on the proposed capital gains tax increase, economic data, the shifting trends in the major asset classes, sector rotations and the big risks/opportunities developing across financial markets.

Main takeaways:

The US$ and 10yr Yield near the low end of their respective ranges are likely to put downward pressure on commodities and interest rate sensitive stocks as they mean revert higher in the near term.

Economic data pointing towards continued positive growth and inflation in the U.S.

The housing sector is getting interesting - Real Estate near the to end of it's range but looking to be approaching overbought levels and market positioning reaching a net-long extreme. Likely to see near term weakness in the space as overbought levels are relieved.

The market got a little spooked Thursday after President Biden proposed a capital gains tax increase to help pay for infrastructure plan. The market shook off that news by Friday and popped higher to close out the week.

Sector rotation into defensive "risk off" sectors as the market digested recent all time highs.

00:00 - Intro
01:10 - Biden Capital Gains Increase
05:20 - Employment Data
06:45 - The Housing Market
12:25 - Industrial Production and New Durable Goods Orders
13:05 - Current Macro Trends
13:50 - The US$
15:30 - The 10yr Yield
18:30 - Commodities
22:50 - Gold
24:35 - US Equities
27:40 - Volatility
29:25 - Sector Rotation
32:20 - What to watch next week
34:20 - Action Items
38:20 - Wrapping up

#IntermarketAnalysis #MacroAnalysis #stockmarket #investing

[seanoneill]

So glad I found this channel, very very good content and insight here. Well done!

[johnvagues]

I'm going to watch every video back to back. Like it or not your my economics teacher lol