June 12, 2020 – Ryan Puplava discusses what moved the markets this week, including the big drop on Thursday. Technician Tom McClellan at the McClellan Market Report gives listeners a technical update on the market and explains why he thinks stocks are heading higher. Marc Chandler at Marc to Market discusses the macro drivers behind the dollar, various currencies, commodities, and other assets. Lastly, Cris Sheridan and Chris Puplava join together for our "Smart Macro" segment to follow-up on a variety of themes they track when it comes to market sentiment, investor positioning, the credit markets, and elsewhere. Chris Puplava notes that there are now trillions of dollars parked in money market funds (i.e. cash) at levels higher than in 2008-2009, which is also earning zero percent, and that this is likely to limit market downside. To speak with Chris Puplava about his market outlook or to get in touch with our investment team, give us a call at 888.486.3939.
See Tom McClellan's charts discussed on the program below: