from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Today:
Kerry Lutz and Nick Santiago talked about what 2024 has in store for the financial markets. They analyzed the recent movements of the market, including the resurgence of technology stocks and the impact of the Powell pivot. They also discussed the Federal Reserve’s monetary policy shifts and their impact on the market, as well as potential indicators of an upcoming recession.
Then they moved on to the energy market, precious metals market, and investment strategies.The discussion on the energy market focused on the performance of crude oil and natural gas, with Santiago sharing his trading experiences and challenges. They also discussed the potential impact of the approval of spot Bitcoin ETFs on the cryptocurrency market.
Pecious metals were a key topic and Nick highlighted the volatility in gold and the underperformance of silver, as well as the market outlook for 2024.Santiago provided insights on sector analysis and investment strategies, advising against tech stocks in the first half of the year and recommending considering companies that were beaten down last year.
They also discussed the housing market, emphasizing the shortage of housing caused by large firms buying houses and reducing supply. The conversation ended with a discussion on the potential for China to invade Taiwan and the potential consequences of such an action, as well as the likelihood of more wars in the coming years and the potential impact of political scenarios on the global economy.
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