by Chris Waltzek
GoldSeek Radio
Leading Wall Street technician, Ralph Acampora of Altaira Wealth Management returns 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…”