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.
October 22, 2023
It took nearly two weeks for bears to recoup their mojo after getting sucker-punched by a suspiciously buoyant market following the October 7 Israel massacre. Although the attack could lead to a nuclear conflagration and world war, Wall Street kept its cool while trade desk sleazeballs deftly distributed shares to the rubes. But Fridays are […]
Read the full commentary →October 15, 2023
Finally, a rally in gold that looks capable of leaving the $2000 barrier in the dust! This one is being pushed not only by the threat of escalated conflict in the Middle East, but by the dawning realization that a strong dollar and rising interest rates are about to trigger a crisis for the world’s […]
Read the full commentary →October 8, 2023
The massive terrorist attack by Hamas on Israel over the weekend will unsettle the geopolitical world for the foreseeable future. The economic implications are potentially too grave to be treated merely as a tradeable event; investors should instead be thinking about safeguarding capital. Will the price of crude spike to $117 or higher, as predicted […]
Read the full commentary →October 1, 2023
Price action last week in the charts of three bellwethers suggests that this year’s ‘October surprise’ could arrive right on schedule and that it could be a doozy. The first shows the dollar’s so-far shallow correction off a minor Hidden Pivot rally target. This portends yet more strength, threatening to turn Powell’s tightening regime into […]
Read the full commentary →September 24, 2023
The bullish gap on the chart holds ominous implications for the global economy, since it removes almost all doubt that interest rates on U.S. Treasury Bonds are headed significantly higher. The rally looks nearly certain to reach 4.81%, the target of the pattern shown. The red line through which the gap occurred last Thursday is […]
Read the full commentary →September 17, 2023
[Last week’s commentary on the gathering economic storm elicited a light-hearted reminiscence from our friend Richard Charles of Alpine Capital. You’ll find his recollection of some notable deflationists enlightening, and there’s also a new word — screwflation — he has coined to describe a phenomenon that has yet to gain traction with eggheads at some […]
Read the full commentary →September 10, 2023
Can the Wall Street Journal‘s headline writers save America’s juiced-up economy from going bust? They are certainly trying. Check out the lede atop Friday’s editions: The Fall in Home Prices May Already Be Over. Fancy that! With mortgage rates headed toward 8%, many readers must have done a double-take when they scanned this seeming howler. […]
Read the full commentary →September 4, 2023
I let it all hang out in the interview I did Friday with USAWatchdog‘s Greg Hunter. Do I actually believe the U.S. economy is headed into a condition of barter? Yes, I do. It will be that bad. And global. Americans in particular will face a long period of severe hardship when these boom times […]
Read the full commentary →August 27, 2023
A handful of tech moguls already control the global flow of information, but their influence over our lives will only expand and deepen if Congress doesn’t do something soon to pry their greedy hands from the ultimate fruits of AI development. I say this while recognizing the irony of casting our elected representatives as the […]
Read the full commentary →August 20, 2023
[The following was sent out to clients in late July by my friend Doug Behnfield, a wealth manager and senior vice president at Morgan Stanley Wealth Management in Boulder, CO. Long-time followers of Rick’s Picks will be familiar with Doug’s work, since his thoughts have appeared here many times. I have always considered him not […]
Read the full commentary →August 13, 2023
Is Mr. Market about to deliver the coup de grace to bond bulls? It certainly appears that way. They’ve been getting schmeissed regularly since a frightening few days back in March 2020. At the time, investors were struggling to decide how covid would affect their financial lives. The wild gyrations near the top, followed by […]
Read the full commentary →August 6, 2023
Last week’s commentary said the first big correction of 2023 had a ways to go, and that is still the case. If there were any doubts about this, Apple’s swan dive Thursday on punk Q2 earnings released after the close should have dispelled them. The most valuable stock in the world fell by nearly 5%, […]
Read the full commentary →