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Joel Elconin – Inverted Yield Curve, Energy Prices and High Yield Investments

Cory
April 5, 2022
Comments (21)

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the potential of a recession now that the 2/10 yield curve is inverted and energy prices remain elevated. We look at any high yield investments as well as bank stocks that continue to under-perform. It continues to be a headline driven market while downward pressure remains.

 

 

 

Click here to visit Joel’s PreMarket Prep website to keep up to date on what’s noteworthy for the markets. 

Banking Sector Financial Sector Joel Elconin Stagflation US Equity Markets Yield curve
Discussion
21 Comments
    Dan, calgary
    Apr 05, 2022 05:29 PM

    I’ve sold quite a bit of stocks and have gone short silver, I wish I could have switched sooner but the damn fed idiot caught me off guard too… To me it looks like silver will dip into the $23s, all in my humble opinion. I have been caught by fed mumbo jumbo too many times.

      Dan, calgary
      Apr 05, 2022 05:55 PM

      I’ve also shorted energy with HED. I used HZD for silver.

      https://stockcharts.com/h-sc/ui?s=HED.TO

        Excelsior
        Apr 05, 2022 05:01 PM

        Good thoughts Dan and thanks for sharing your near-term shorting strategy in silver and oil. I had considered putting on a short hedge last week, just in case we saw a bit more downside pressure in the PMs but regrettably didn’t pull the trigger on it. At this point I’ll just be watching for more weakness in the mining stocks to fire off some of my dry powder into the pullback and top up some of my positions.

          Dan, calgary
          Apr 05, 2022 05:52 PM

          Let me be clear, this is short term thinking in an emerging bull market. I was away from the computer for a couple hours and everything went south… my holdings could be completely different before the weekend, haha!;-)

            Excelsior
            Apr 05, 2022 05:00 PM

            Understood Dan, and I took your comments to be just that – a short-duration trade to the short side, within the context of a bullish outlook medium to longer term. Nothing wrong with that as the market moves in both directions.

    CaliJoe
    Apr 05, 2022 05:32 PM

    Just when you thought PM miners are about to take off, here comes the smash Lol. Anyone noticing Head & Shoulder pattern on Hecla chart?

    https://stockcharts.com/h-sc/ui?s=HL&p=D&yr=2&mn=10&dy=0&id=p21928872098&a=1137304831&listNum=1

    Lakedweller2
    Apr 05, 2022 05:44 PM

    Two day -15% hit on my account puts me back to -40% since January during a favorable commodity market. I would say that pretty much proves intervention

      Greenspansconscience
      Apr 05, 2022 05:17 PM

      The silver miners are screaming range bound trade for the rest of 2022 IMO. That being said, we could get a very decent price spike starting next week. I am not expecting SIL’s 2020 high to get taking out until spring or summer 2023, however. I could be wrong, but IMO the sell-off in 2021 did serious chart damage and SIL will need to base out for another 6-8 months within a lower range.

      We’ll see.

    Matthew
    Apr 05, 2022 05:54 PM

    GDX understandably got sold hard when it tested its falling monthly Bollinger Band resistance again. Because of its leadership that got it to that resistance ahead of the pack, I’m betting that the smaller miners will take over leadership this quarter.
    GDX monthly:
    https://stockcharts.com/h-sc/ui?s=GDX&p=M&yr=14&mn=0&dy=0&id=t7730363489c&a=1137462702&r=1649191635285&cmd=print

    Matthew
    Apr 05, 2022 05:03 PM

    HL 10 minute:
    https://stockcharts.com/h-sc/ui?s=HL&p=10&yr=0&mn=0&dy=8&id=t9825903069c&a=1137450370&r=1649192139580&cmd=print