Podcast hosts Jim Iuorio (⁠⁠⁠⁠⁠⁠⁠⁠@jimiuorio⁠⁠⁠⁠⁠⁠⁠⁠) and Bob Iaccino (⁠⁠⁠⁠⁠⁠⁠⁠@Bob_Iaccino⁠⁠⁠⁠⁠⁠⁠⁠) are joined in their monthly technical analysis discussion with Michael Arnold (@mgarnold) of Path Trading Partners. In this conversation, the hosts discuss various topics including the state of Chicago, the potential for inflation, and trading opportunities in commodities. They touch on the increase in cocoa prices and its impact on businesses, the outlook for crude oil, and the long-term potential for gold. They also mention the importance of understanding the risks involved in futures trading and the need to diversify investments. They touch on the potential impact of the US government's profligate spending on the economy and the fiscal situation resembling that of Japan. They also analyze the S&P, NASDAQ, and Russell indices, looking for potential trading opportunities and discussing key levels to watch. Additionally, they discuss the technical analysis of Diamondback Energy and copper, considering potential pullbacks and entry points.

Takeaways:

-Chicago's current state and safety concerns are debated, with differing opinions on the severity of the situation.

-Cocoa prices have seen a significant increase, leading to higher costs for businesses that use chocolate.

-Crude oil is seen as a strong area of focus, with short-term weakness but long-term strength.

-Gold is viewed as a long-term investment, with potential for a pullback before a potential rebound.

-The stock market valuations are high, and the S&P risk premium is low, indicating potential overvaluation.

-Diamondback Energy and copper show potential for pullbacks and entry points for long-term investments.

Chapters:

00:00 Introduction and Discussion on Chicago

06:03 The Potential for Inflation and its Impact on Markets

08:09 The Increase in Cocoa Prices and its Impact on Businesses

27:25 The Long-Term Potential for Gold

32:00 The Risks of Futures Trading and the Importance of Diversification

32:29 The Impact of Government Spending

35:32 Analyzing the S&P, NASDAQ, and Russell Indices

46:30 Technical Analysis and Trading Opportunities

50:42 Long-Term Investments in Diamondback Energy and Copper

This episode is sponsored by Mint Mobile. 

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Produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠Haynow Media