Jonathan Krinsky: Market Is Extended – But It Seems More Than a Reflex Rally

Jim welcomes back Jonathan Krinsky CMT, Chief Market Technician at MKM Partners. Jonathan notes that the market is extended, and it makes sense to see a pause here. But he also points out the strength of the current rally, with the market not trading below the prior week’s low for ten consecutive weeks. He discusses how lower quality stocks are outperforming higher quality, as exhibited by the FANG stocks underperforming the market currently. Jonathan also comments on the precious metals, noting that silver has finally started to confirm gold’s rise and is now outperforming gold. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, and Jim covers the metals and commodity markets with Frank Holmes, CEO of US Global Investors.

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