{"id":8689,"date":"2024-04-22T19:40:23","date_gmt":"2024-04-22T19:40:23","guid":{"rendered":"https:\/\/economicherald.net\/?p=8689"},"modified":"2024-04-22T19:40:23","modified_gmt":"2024-04-22T19:40:23","slug":"free-whelan-oil-nvda-gold-copper-and-3878-cybertrucks","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8689","title":{"rendered":"FREE WHELAN: Oil, NVDA, Gold, Copper and 3,878 CyberTrucks"},"content":{"rendered":"

In this Stockhead series, investment manager James Whelan, managing director\u00a0Barclay Pearce Capital Asset Management<\/a>, offers his insights on the key investment themes and trends in domestic and global markets. From macro musings to the metaverse and everything in between, Whelan offers his distilled thoughts on the hot topic of the day, week, month or year, from the point of view of a professional money manager.<\/p>\n

Afternoon all,<\/p>\n

Looks like we are well on our way through a fairly orderly correction. So much for \u201cthe second half of April is traditionally more bullish than the first\u201d but let\u2019s drill it down to see what\u2019s really going on\u2026<\/p>\n

Last week in the US we saw the Nasdaq get a bit of a touch-up to the tune of 5.5% and the S&P 500 at just over 3%. Ouch. <\/p>\n

However, the Dow was flat. Seriously.<\/p>\n

Copper was also up almost 6% for the week.<\/p>\n

Don\u2019t start me on gold or oil.<\/p>\n

Going down to sectors showed that 8\/10 sectors outperformed the 500. (Thx Sonus Varghese of Carson Research Group for that.)<\/p>\n

Much of what we\u2019ve seen has been tech giving some back.<\/p>\n

NVDA went crazy for how long? And now we\u2019re seeing a healthy correction because inflation continues to inflation\u2026 also some other things in the Middle East.<\/p>\n

But\u2026 mainly the bond yields because of the inflation.<\/p>\n

Re NVDA drop, I believe the investment team over at the TikToks have the answer\u2026<\/p>\n\n

Note\u2026 this is actually from March 2022. The internet investing crowd are far more savvy now. Right?<\/p>\n\n

Like these guys who sell everything to invest in TSLA while living in their Tesla. That last line really is something.<\/p>\n

Friday\u2019s podcast was another piece of excellence and I would love to see us finally recognised for some kind of podcast award. While we wait for that though I had one of the biggest hitters of the Big Bash, Chris Lynn, talking about his company Playbook Coach. Just an amazing way to improve at any sport and handy for me as I take on a kicking challenge with one of my Barclay Pearce colleagues.<\/p>\n

Link Here<\/a>, great market report too from Heath.
\n\u00a0<\/p>\n

Gold<\/h2>\n

Heath mentions gold, which I said last week wasn\u2019t making much sense in the face of rising yields and must have something else going on (obviously with price moves like that)<\/p>\n

As with many things right now, it\u2019s China.<\/p>\n\n

I\u2019ll make it easier\u2026<\/p>\n\n

And even easier\u2026<\/p>\n\n

I have no reason to think that China changes course here on this or on their stockpiling of copper either. Not only are Central Banks big buyers but the Chinese retail market have found a place to store wealth in the face of banking and real estate instability.
\n\u00a0<\/p>\n

Cybertruck<\/h2>\n

Finally Tesla, who I clearly loathe because battery cars are awful and everyone should go to hydrogen, had to recall their stupid Cybertruck. The accelerator pedal was sliding forward and getting caught under part of the underside of the dash and sticking there.<\/p>\n

Because it\u2019s a recall, we finally get a look at the numbers for how many of the things they sold.<\/p>\n\n

For reference this is only 878 more than DMC sold of the DeLorean.<\/p>\n

Stay safe and all the best,<\/p>\n

James<\/p>\n

The views, information, or opinions expressed in the interview in this article are solely those of the writer and do not represent the views of Stockhead.<\/em><\/p>\n

Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article.<\/em><\/p>\n

\u00a0<\/p>\n

<\/span><\/p>\n

The post FREE WHELAN: Oil, NVDA, Gold, Copper and 3,878 CyberTrucks<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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