Technician David Nicoski: Repeat of 2010-2011? Fear Turning Bonds Into a Bubble
Also Ryan Puplava with the weekly Market Update, and Rob Bernard with the Fixed Income Report
This week Jim welcomes back technician David Nicoski CMT from Vermilion Technical Research. David sees a possible repeat of the 2010-2011 patterns. He believes fear is driving bond yields lower, forming a bubble in bonds. David also feels the long-term gold bull market is still intact. At the moment, he thinks the best place to be is in the defensive sectors; consumer staples, utilities, and health care, until the "risk on" trade is flipped back on.
Ryan joined PFS Group in 1995. He is Senior Trading Manager and works closely with Jim Puplava on PFS Group's Growth investment objective. He also contributes a monthly Market Observation to Financial Sense and co-authors In the Know—a weekly communication for Jim Puplava's clients only—with other members of the trading staff.
David Nicoski, Director of Research at Vermilion Technical Research, was previously a Principal and Senior Technical Analyst in the Technical Research department at a well-known investment bank and has more than 15 years of technical research experience. At his prior employer, Mr. Nicoski's responsibilities included assisting in the production and marketing of the Firm’s technical research products.
Rob joined PFS Group in 2011 as an independent broker. With over 30 years of experience in the investment management industry, Mr. Bernard's expertise includes: Income strategies, diversification strategies, specialized high-level corporate executive strategies, particularly with SEC Rule 144-related services, long-term care insurance and variable annuities.