Posts by Dennis Leontyev

The Gold market has been consolidating over the last two months after a powerful run on the upside. As the chart illustrates, previous pullbacks were bought when GLD (Gold ETF)…

S&P 500 is just a few points away from the all-time high. This year, the market has faced multiple issues, including tariffs, wars, a weakening economy, extreme overvaluations, and inflation…

The Federal Reserve left the rates unchanged at 4.25% - 4.50%. That was expected. Historically, the Fed follows the 2-Year Note rate with a slight lag. The 2-year note is…

Israel’s Prime Minister Benjamin Netanyahu has confirmed Israel struck nuclear targets in Iran and said the operation will continue for many days. The immediate market reaction is as follows: S&P…

VIX is arguably the most critical indicator for recognizing the market environment. There are no absolute highs and lows for the VIX, but it is mean-reverting. This is natural for…

Over the last four and a half years, we have observed a consistent pattern: large caps have massively outperformed small caps. This is quite unusual, considering that stocks have primarily…

S&P 500 is close to all-time highs. VIX is at 17. VIX is a bit elevated. The clue lies in the VIX futures, which are significantly higher. In a typical…

The US Dollar is having a miserable year. There are several reasons why the dollar is currently weak, including tariff uncertainty, a higher likelihood of a recession, and capital outflows…

There are indicators that show us where the money is flowing. Intermarket relationships may provide some subtle clues. A notable example is the ratio between consumer discretionary stocks (risk-on) and…

The rare earth metals market has been depressed for three years. This year, however, they became the center of geopolitical arguments. After all, China controls 92% of the rare metals…