Regarding commodities & the disconnects that the global central banks have caused between various asset classes that have historically had very consistent correlations, just take a look at this chart that I’ve shared here several times in recent years showing the historical tight positive correlation between commodities which not only disconnected but actually flipped to a fairly tight inverse correlation shortly after the effects of quantitative easing & the various price distortions that it caused began to permeate into the financial markets.

I can’t say with certainty what the next 10 years in the US stock market wil hold but I will say that I am quite concerned about the unintended consequences that may arise in the coming years with the stock market already well beyond the historical average along with extreme valuations against a backdrop of interest rates that have nowhere to go but up or sideways at best. Remember, when looking at the very big picture, the stock market had a tremendous tailwind of a secularly bear market in interest rates since 1981. If, or more accurately, when, interest rates embark on a new secular bull market, that is almost certain to provide a headwind for the stock market as higher interest rates on safe money has always & will always entice conservative investors out of stocks & into bonds, CD’s,etc.. just as the uber-low rates since the financial crisis drove them out of bonds & into stock to replace their lost income.

Correct, broad market analysis on the major stock indices, both in videos & front page posts, are generally viewable to the public although some are occasionally available only to members of the site then released to the public after a limited period of time. As such, I typically won’t cover active trade ideas in the videos although I touched on TWTR with just a general overview of where it is likely headed over time.

Also consider that although NFLX was/is one of the more commonly referred to ‘FANG’ stocks, it has nowhere near the impact on the market & QQQ as do what I refer to as the ‘FAAMG‘ stocks. The market cap of NFLX is only $136B compared with $890B for AAPL (the world’s largest publicly listed company) followed by GOOG/GOOGL, AMZN & MSFT all between $700-$800B & FB now down to (still) $500B after the 17% drop over the past 7 weeks. As such, the price swings in NFLX hardly move the needle on the major indexes.

I first wrote about the importance of the FAAMG stocks back in April of 2017, making the case for the significance of those stocks compared to the popular FANG stocks, citing the FAAMGs many times since then: https://rightsideofthechart.com/forget-about-the-fangs-its-all-about-the-faamg-stocks/

Later that year, Investopedia erronously credited the term to a Goldman Sachs analyst that essential made the same case on CNBC many months later: https://www.investopedia.com/terms/f/faamg-stocks.asp
although this article from Business Insider corrected cited my article as the original source (I also verified zero hits of the term “FAAMG” on exhaustive Google searches prior to my April 20, 2017 post): http://www.businessinsider.com/faamg-tech-stocks-market-goldman-2017-6

Oh…duh, I guess…didn’t notice that difference in Randy’s videos.
Thanks!

NFLX is an official trade idea, so it will not be on this video which is open to all people