Michael Oliver: This Stock Market Rally is Delusional!

WTFinance, Released on 11/20/23 (Recorded on 11/13/23)

On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Oliver – Founder of Momentum Structural Analysis. During our conversation we spoke about Michael’s thoughts about the markets, why there is continued stress, what is happening with bonds, what assets will perform and more!

0:00 – Introduction
0:49 – What is Michael currently seeing in markets?
8:42 – Largest companies holding up indexes. Will they remain stable?
17:01 – Has cutting rate/QE been good for equities?
19:02 – What happens when bond prices decrease?
24:07 – What will happen with bonds?
28:53 – One message to takeaway from our 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.

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