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Joel Elconin - Navigating a “Goldilocks” Market as Geopolitical Risks and Commodity Prices Rise
Manage episode 491028593 series 3374176
Markets continue to defy expectations, and even war headlines, as the S&P 500 flirts with all-time highs and commodity prices climb. In this interview, Joel Elconin, Co-Host of the PreMarket Prep Show and Co-Founder of the Stock Trader Network, returns to share his insights into what’s driving this resilient "Goldilocks" market.
Key topics discussed include:
- Why Joel calls this a “crazy” market: S&P rallies despite US missile strikes, geopolitical tensions, and mixed economic data.
- The Fed’s indecision and macro ‘nothing-burger’: Markets appear unbothered by mild inflation, slightly higher unemployment, and a divided Fed.
- Commodity breakout: Copper above $5, surging platinum, silver, and industrial metals hint at underlying growth and demand strength.
- US Dollar weakness: Down over 10% YTD, fueling both equity and commodity rallies while helping exports.
- Upcoming catalysts - or threats?: China, Iran, and Middle East escalation loom as the main wildcard risks.
- Joel’s technical take: What the S&P cash index is telling him heading into quarter-end and what levels matter most now.
386 episodes
Manage episode 491028593 series 3374176
Markets continue to defy expectations, and even war headlines, as the S&P 500 flirts with all-time highs and commodity prices climb. In this interview, Joel Elconin, Co-Host of the PreMarket Prep Show and Co-Founder of the Stock Trader Network, returns to share his insights into what’s driving this resilient "Goldilocks" market.
Key topics discussed include:
- Why Joel calls this a “crazy” market: S&P rallies despite US missile strikes, geopolitical tensions, and mixed economic data.
- The Fed’s indecision and macro ‘nothing-burger’: Markets appear unbothered by mild inflation, slightly higher unemployment, and a divided Fed.
- Commodity breakout: Copper above $5, surging platinum, silver, and industrial metals hint at underlying growth and demand strength.
- US Dollar weakness: Down over 10% YTD, fueling both equity and commodity rallies while helping exports.
- Upcoming catalysts - or threats?: China, Iran, and Middle East escalation loom as the main wildcard risks.
- Joel’s technical take: What the S&P cash index is telling him heading into quarter-end and what levels matter most now.
386 episodes
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