Charles Nenner: It's Too Late to be Defensive

Tom welcomes a new guest, Charles Nenner. He provides independent market research to hedge funds, banks, brokerage firms, family offices, and individual clients.Show more

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He has been out of most markets for the last year, everything except crude oil and natural gas. They are looking for entry points in gold and silver after the summer. They have a downside target on the S&P of 3709, and, 11180 on the Nasdaq. There may be a bounce at that level, but it's still a long-term bear market.

The correlations that experts give for inflation may be wrong. The causes of inflation have been building for a long time. Instead of trying to explain every action, it's important to focus on the long market cycles. This will remove a lot of the guess work as to the causes. Charles explains the timeframes and cycle methodology that he utilizes in his research.

Charles argues the Fed is not really in control and that most of their actions have little effect. He believes they are worried about the situation. He notes that insiders started selling in the second half of last year.

The problem with the news is they will tell you why something happened after it happens.

In 2006, he predicted the housing market would crash, which it did. When stocks move up with a certain amount of momentum, you can calculate how long it will go up.

He predicted we would enter a war cycle based on historic cycles. The second decade of a new century tends to have wars. Years ending in a 7 tend to have large downward equity moves. 1929 was an exception. He doesn't understand why these things happen, but he can find the patterns.

Every sixty to eighty years, a new country takes the economic lead in the world. The next cycle will be China and other countries, and they will become a big economic power and Europe will barely hang on.

Time Stamp References:
0:00 - Introduction
0:32 - Being Defensive
3:12 - Inflation
5:14 - Timeframes & Cycles
5:57 - Advances & Declines
6:58 - Bond Yields & Fed
9:51- Gold & Oil Cycles
12:12 - Random Planning
16:08 - Past Calls
17:07 - War Cycles & Rhymes
21:49 - Cycles Culminating
22:38 - Wars & Geopolitics
25:35 - Leading Economies
27:46 - Cycles & Commodities
31:00 - Media Agendas
31:52 - Wrap Up

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