Uncannily Accurate Forecasts for Stocks & Commodities
Daily Commentary
Rick Ackerman’s daily market commentary — blunt, specific, and free of Wall Street spin. Browse the full archive below.
April 7, 2024
[Many readers of these weekly commentaries may not be aware that the focus of Rick’s Picks each day is on timely trading ideas. Below is chat room banter for a typical ‘freaky Friday’. The discussion includes several trades that were posted ahead of actionable opportunities in a few stocks, including McDonald’s, Tesla and Amazon. All […]
Read the full commentary →March 31, 2024
[My colleague Charles Hugh Smith is a true outside-the-box thinker who tackles big questions with intellectual rigor and bold imagination. In the commentary below, he explains why neither our political system nor technological wizardry have been able to solve problems that threaten to topple the global economy and destroy our quality of life. You can […]
Read the full commentary →March 24, 2024
The Fed’s main job supposedly is to manage our expectations. But have Powell & Co. painted themselves into a corner? At the moment, it would appear that investors have no clue what to expect from the Fed. That wouldn’t necessarily be a bad thing, except that their default mode has been to push stocks with […]
Read the full commentary →March 17, 2024
For nearly a year, I’ve promoted the idea that the post-covid bull rampage would end when Microsoft shares hit $430. They effectively achieved that benchmark on Friday with a pre-dawn print at 428.95 that gave way to a $16 plunge. If this was not THE top, it certainly felt like A top, and a potentially […]
Read the full commentary →March 10, 2024
Bitcoin mania looks likely to blow itself out at somewhat higher levels. The bitcoin ETF chart above suggests buyers will encounter significant resistance at 64.95, a Hidden Pivot target that lies 5% above Friday’s closing price. If this impediment gives way easily or is exceeded for two consecutive weeks on a closing basis, however, you […]
Read the full commentary →March 3, 2024
The endgame inched closer to singularity last week with rigged rallies in stocks that had rightfully been given up for dead. There was the more than doubling in the price of Beyond Meat, for example. Until last week, shares of the veggie-burger upstart seemed content to scuddle sideways on a tortuous path to death. At […]
Read the full commentary →February 25, 2024
So much for the wall of worry! Optimists and visionaries supposedly climb it while ignoring troublesome signs that leave most investors on the sidelines, paralyzed with fear. Last week, as soaring shares of Nvidia tugged stocks higher around the world, speculators swarmed the wall like cockroaches gorging themselves on dried beer, glue and animal feces. […]
Read the full commentary →February 18, 2024
[Globalism has peaked, says my colleague James Howard Kunstler, and with it a trend toward corporate bigness that has all but extinguished quality and vitality from the marketplace. Bloated corporatism is about to come crashing down, he says, in a process of creative destruction that will allow us to rescale the economy so that it […]
Read the full commentary →February 11, 2024
However high stocks climb, there will always be an earnest, bespectacled egghead on Wall Street ready to tell us why shares are likely to keep on rising. Here’s Yung-Yu Ma, chief Investment officer for a firm called BMO Wealth Management and a finance professor at Lehigh University: “A better economy, healthy profits and lower inflation,” […]
Read the full commentary →February 4, 2024
Here are a couple of headlines concerning the economy that appeared atop Bloomberg’s front page on the same day last week. Taken together, they could make one’s head spin. First the happy news: IMF Lifts World GDP Outlook on U.S. Strength. But here’s the article just beneath: UPS to Cut 12,000 Jobs. A case of […]
Read the full commentary →January 28, 2024
[This week’s commentary was written by David Isham, a longtime Rick’s Picks subscribers from Northern California who has been investing in bullion since he was in grade school four decades ago. RA ] Although gold appears to have broken out of a triple top and recently hit fresh all-time highs at $2152, the gold miners […]
Read the full commentary →January 21, 2024
When forecasting stock prices, it helps to view the market as a crazed creature driven by fear, greed, and most of all, stupidity. Of course, everyone but the “theme”-obsessed chimpanzees who purport to manage your money understands that the stock market’s heedless ascent into horrifying news is rock-bottom stupid. In this case, the very bad […]
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