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January 3, 2020 | Will Bull Markets Continue into 2020?
Bob Hoye
Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.
Credit rating agencies over rated?
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Bob Hoye Archives January 3rd, 2020
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I have two questions for Bob. Gold stocks have joined the rally in the equity markets. I had though that the precious metal sector is a contrarian play to the equity markets. Has the precious metals sector become part of the everything bubble? Also, many financial pundits seems to be saying that the Fed will always have the market’s back through war, natural disasters and political upheavals and that, with the Fed running things. it will always be “the sky is the limit” for the stock market. Bob, it seems that this has been a convincing “narrative” for the markets in 2019 but can this “narrative” continue into 2020?
Bob, I assume that all this REPO money that the Fed is handing out to the hedge funds and big bank trading desks to buy stocks has to eventually be paid back. Yet the Fed seems is be printing more and more, encouraging hedge funds to take on more and more debt, so as to seemingly elevate the markets while fixing some year-end plumbing problems. Has the Fed created some kind of perpetual motion machine for financial assets or will the laws of gravity and negative leverage eventually win out in 2020?