In today's live stream, Coach Dale Pinkert welcomes David Hunter to discuss the markets, trends, and share incredible insights and tips. David is a contrarian macro strategist with over 40 years on Wall Street.
Coach and David discuss "The Meetup in Stocks." They go over different objectives and what will be the pin to pop this bubble. David is Bullish Gold and Silver looking for $2,500 and $50, respectively.
What is Contrarian Investing?
Contrarian Investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time. A contrarian believes that certain crowd behavior among investors can lead to exploitable mispricings in securities markets.
Contrarian investing involves bucking against existing market trends to generate profits. The idea is that markets are subject to herding behavior augmented by fear and greed, making markets periodically over- and under-priced. Being a contrarian can be rewarding, but it is often a risky strategy that may take a long time to pay off.
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EUR/USD stays below 1.0550 after soft German inflation data
EUR/USD trades in negative territory slightly below 1.0550 on Thursday. Soft inflation data from Germany makes it difficult for the Euro to gather strength, causing the pair to stretch lower. US markets will remain closed in observance of the Thanksgiving Day holiday.
GBP/USD trades below 1.2700 on modest USD recovery
GBP/USD stays under modest bearish pressure and fluctuates below 1.2700 on Thursday. The US Dollar corrects higher following Wednesday's sharp decline, not allowing the pair to gain traction. The market action is likely to remain subdued in the American session.
Gold maintains shallow recovery on Fed rate-cut bets
Gold extends its shallow recovery from Tuesday’s lows as it trades in the $2,640s on Thursday. The yellow metal is seeing gains on the back of cementing market bets that the Fed will go ahead and cut US interest rates at its December meeting.
Fantom bulls eye yearly high as BTC rebounds
Fantom (FTM) continued its rally and rallied 8% until Thursday, trading above $1.09 after 43% gains in the previous week. Like FTM, most altcoins have continued the rally as Bitcoin (BTC) recovers from its recent pullback this week.
Eurozone PMI sounds the alarm about growth once more
The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.
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