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December 23, 2022 | Where is the Santa Claus Rally?
Bob Hoye
Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.
Bonds, US Dollar, Gold, Crude Oil
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Bob Hoye Archives December 23rd, 2022
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Happy New Year Bob and Jim. Change seems to be in the air. Giorgia Meloni was elected Italy’s Prime Minister on a campaign that said, among other things, “no to big international finance” and “no to the EU bureaucrats in Brussels”. I’ve been humming ever since the song “Mambo Italiano” (the Rosemary Clooney version). Bob and Jim, is this the beginning of real change in Europe and does this spell the beginning of the end for France’s Macron? Will the French soon be singing “C’est Si Bon” hopefully after the departure of Macron? More importantly, how will we North Americans celebrate the departure of Trudeau? When that day arrives, I will be singing Gordon Lightfoot’s song “Oh So Sweet” over a Yukon Jack or Caribou as I celebrate the return of the real Canada.
Happy New Year Jim and Bob. Many analysts say that central banks will try to play catch-up with the Fed over the coming months thus weakening the USD. Others point to a possible petro-yuan and petro-rubble while still others talk about gold trade notes and gold backed currencies. Bob, will gold outperform the USD next year? Can they both outperform the markets? A second question. So far this year, Santa has only delivered a cold blast of Arctic air to the markets. We can’t burn digital money to keep warm anymore while the globalist climate crowd have turned off our gas and electric heaters. Bob, can we be looking at a deflationary “freeze” in the first half of 2023 with lower commodity and equity prices followed by an unending summer “heat-wave” of uncontrolled inflation and rising energy and commodity prices?