WTFinance, Released on 5/11/24

On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Oliver. Michael is the Founder of Momentum Structural Analysis. During our conversation we spoke about Michael’s overview of the market, why he believers 2024 could be hell for the markets, everything starting to effect the economy, bond market issues, gold miners to benefit and more.

0:00 – Introduction
0:31 – Overview of markets
2:50 – Miners at lowest level in history
4:47 – Pressure in US stock market?
12:46 – Everything starting to hit?
17:01 – Bond market issues
19:11 – Markets happy with bad data
20:39 – Have markets changed since 2008?
25:50 – S&P back to 4000?
30:38 – Grain commodities
32:05 – How to resolve government debt issue?
36:00 – Gold to be the safe haven?
37:35 – One message to takeaway from conversation?

J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City’s Battery Park. He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth. In 1987 Mike technically anticipated and caught the Crash. It was then that he decided to develop his structural momentum tools into a full analytic methodology. In 1992 the Financial VP and head of Wachovia Bank’s Trust Department asked Mike to provide soft dollar research to Wachovia. Within a year, Mike shifted from brokerage to full-time technical research. His website is Olivermsa.com. He is also the author of The New Libertarianism: Anarcho-Capitalism.

  gold, investing, michael oliver, stocks