-- Published: Sunday, 21 August 2016 | Print | Disqus
Highlights
Leading Wall Street technician, Ralph Acampora of Altaira Wealth Managementreturns with his technical view on the markets.
His outlook on the PMs metals is positive; gold could advance above $1,400 per ounce.
Nearly 50 years ago, Stevenson and Bear (1970) outlined an alternative to the EMH; sometimes display years of long-memory (trends).
Our guest highlights the importance of key investing factors: price, time and sentiment, culminating in a fusion investing approach.
Fusion investing involves combining economic themes, fundamentals and technical analyses.
Reminiscent of the chess match between Russian Grandmaster Gary Kasparov vs. Deep Blue, the fusion approach yields a nearly invincible approach.
Ralph Acampora prefers the contrarian perspective, noting he's "very excited, because no one else is..."
He cannot recall a time in his 50 year trading tenure, where so many investors were weary of US stocks.
Such investor nervousness typically coincides with favorable markets. The shares index breadth remains highly bullish, suggesting an impending "meltup."
Case in point, the price rebound following the infamous Brexit announcement indicates substantial underlying strength / accumulation.
The financial shares continue to underperform, presenting an enticing valuation opportunity.
Our guest leaves the listener's with sage advice on US equities, "Stay bullish."
Leading Wall Street technician, Ralph Acampora of Altaira Wealth Managementreturns with his technical view on the markets. Nearly 50 years ago, Stevenson and Bear (1970) outlined an alternative to the EMH, suggesting that markets sometimes display years of long-memory (trends), which can yield oversized expected returns (Waltzek, 2016). Our guest highlights the importance of key investing factors: price, time and sentiment, culminating in a fusion investing approach at the core of the Chartered Market Technicials (CMT) exam. Fusion investing involves combining economic themes, fundamentals and technical analyses. Reminiscent of the chess match between Russian Grandmaster Gary Kasparov vs. Deep Blue, IBM's super-computer where human programmers and computers joined forces to accomplish the unimaginable, the fusion approach yields a nearly invincible investment approach. Regarding US equities, Ralph Acampora prefers the contrarian perspective, noting he's "very excited, because no one else is..." He cannot recall a time in his 50 year trading tenure, where so many investors were weary of US stocks. Such investor nervousness typically coincides with favorable markets. The shares index breadth remains highly bullish, suggesting widespread participation across the indexes, which could lead to a stock market "meltup." Case in point, the price rebound following the infamous Brexit announcement indicates substantial underlying strength / accumulation. Meanwhile, his outlook for the PMs metals is positive; gold could advance above $1,400 per ounce. Although Mr. Acampora expresses bullish sentiments on many sectors in the US market, such as technology, the financial shares have underperformed, presenting a relatively enticing valuation opportunity, due to artificially subdued interest rates as the sector tends to profit from loan / interest rate differentials. Our guest leaves the listener's with sage advice on US equities, "Stay bullish."
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