Liberty and Finance, Released on 12/28/23
Even if the Federal Reserve cuts rates in 2024, Michael Oliver expects a pullback in the stock market. He shows that rate cuts are often actually bearish for the stock market. He expects investment managers to continue to shift their investments to allocate a higher percentage to monetary metals and mining stocks. He forecasts silver will outperform gold in 2024.
0:00 Intro
1:14 S&P 500 and rates
5:34 Stock market in 2024
8:35 Gold update
16:54 Silver update
20:50 Banking system
23:08 Oliver MSA
24:43 Weekly specials
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.