Posts by Dennis Leontyev

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…

It is well known that Gold and Silver are highly correlated with each other. Sometimes Gold leads and Silver follows; other times it is the opposite. Gold has performed exceptionally…

Wall Street was pleased with Nvidia’s quarterly report on Wednesday. Still, the CEO Jensen Huang said the company is leaving billions of dollars in revenue on the table because it can…

US President Donald Trump has signed a series of executive orders titled Reinvigorating the Nuclear Industrial Base, Reforming Nuclear Reactor Testing at the Department of Energy and Ordering the Reform of the…

The Government passed the big, beautiful bill. Like every new bill, it has some positive and negative measures. Well, it depends on who you ask. Judging by just about every…

The most important task of the Treasury and the Federal Reserve is to ensure that the bond market functions properly and remains liquid. A few weeks ago, our tariff policy…