Weekly Macro Themes - Remain bullish small caps

This week I covered the following topics/ideas:

1. Precious Metals: The gold bull market continues onwards and upwards, with silver also looking stronger, gold miners ticking along, and oil reaching an extreme low vs gold.

2. Defensive Value: Bullish on defensive stocks relative to $S&P 500(.SPX)$ as a bullish technical inflection point takes place against a backdrop of extreme cheap relative value, record low positioning/cap weight.

3. Small Caps: Remain bullish small caps $iShares Russell 2000 ETF(IWM)$ given cheap absolute and relative valuations, potential upside from rotation out of tech and prospective monetary/macro tailwinds.

4. Upside Downside: Reviewing the various upside vs downside risks helps build perspective and prioritize issues/trends to monitor. At present arguably there is a slight edge to upside vs downside risks.

5. Valuation Peaks & Troughs: Studying the typical path of the Stockmarket through valuation-extreme peaks and troughs helps in detecting + navigating different stages of the market cycle.

https://www.topdowncharts.pro/p/weekly-macro-themes-13-sep-2024

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Comments

KSR
09-15
KSR
👍
YueShan
09-15
YueShan
Good⭐️⭐️⭐️

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Precious Metals:</strong>  The gold bull market continues onwards and upwards, with silver also looking stronger, gold miners ticking along, and oil reaching an extreme low vs gold. </p><p><strong>2. Defensive Value:</strong>  Bullish on defensive stocks relative to <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  as a bullish technical inflection point takes place against a backdrop of extreme cheap relative value, record low positioning/cap weight.</p><p><strong>3. Small Caps:</strong>  Remain bullish small caps <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a>  given cheap absolute and relative valuations, potential upside from rotation out of tech and prospective monetary/macro tailwinds.</p><p><strong>4. Upside Downside:</strong>  Reviewing the various upside vs downside risks helps build perspective and prioritize issues/trends to monitor.  At present arguably there is a slight edge to upside vs downside risks.</p><p><strong>5. Valuation Peaks &amp; Troughs:</strong>  Studying the typical path of the Stockmarket through valuation-extreme peaks and troughs helps in detecting + navigating different stages of the market cycle.</p><p>https://www.topdowncharts.pro/p/weekly-macro-themes-13-sep-2024</p></body></html>","htmlText":"<html><head></head><body><p>This week I covered the following topics/ideas:</p><p><strong>1. Precious Metals:</strong>  The gold bull market continues onwards and upwards, with silver also looking stronger, gold miners ticking along, and oil reaching an extreme low vs gold. </p><p><strong>2. Defensive Value:</strong>  Bullish on defensive stocks relative to <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  as a bullish technical inflection point takes place against a backdrop of extreme cheap relative value, record low positioning/cap weight.</p><p><strong>3. Small Caps:</strong>  Remain bullish small caps <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a>  given cheap absolute and relative valuations, potential upside from rotation out of tech and prospective monetary/macro tailwinds.</p><p><strong>4. Upside Downside:</strong>  Reviewing the various upside vs downside risks helps build perspective and prioritize issues/trends to monitor.  At present arguably there is a slight edge to upside vs downside risks.</p><p><strong>5. Valuation Peaks &amp; Troughs:</strong>  Studying the typical path of the Stockmarket through valuation-extreme peaks and troughs helps in detecting + navigating different stages of the market cycle.</p><p>https://www.topdowncharts.pro/p/weekly-macro-themes-13-sep-2024</p></body></html>","text":"This week I covered the following topics/ideas: 1. Precious Metals: The gold bull market continues onwards and upwards, with silver also looking stronger, gold miners ticking along, and oil reaching an extreme low vs gold. 2. Defensive Value: Bullish on defensive stocks relative to $S&P 500(.SPX)$ as a bullish technical inflection point takes place against a backdrop of extreme cheap relative value, record low positioning/cap weight. 3. Small Caps: Remain bullish small caps $iShares Russell 2000 ETF(IWM)$ given cheap absolute and relative valuations, potential upside from rotation out of tech and prospective monetary/macro tailwinds. 4. 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