Jordan Roy-Byrne: Another Sign of Secular Bear Market in Stocks

The Daily Gold, Released on 10/20/22

Commodity prices recently broke out to a new all time high for the first time in a decade. This is typically a signal of a new secular bull market in commodities and it coincides with a new secular bear market in stocks. Furthermore, the weighting of energy and mining in the S&P 500 is historically extremely small. It was at an all time low only two years ago. Energy and mining stocks and commodity prices should outperform conventional stocks during the next economic expansion. Something similar occurred in the mid 1930s, early 1970s and early to mid 2000s.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

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