MacroVoices #458 David Rosenberg: Lament of A Bear

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 12 December 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome back, David Rosenberg. They’ll discuss his recent piece, “Lament of a Bear,” where he acknowledges his past skepticism of the stock bull market hasn’t held up. He explains why he’s reconsidering his outlook, factoring in AI and other emerging trends. https://bit.ly/3ZNxjvn ⚫ Follow David on X: https://www.x.com/EconGuyRosie 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3Dg0bnm ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4cMmu0d 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Transcript

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0:00.0	This is Macro Voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices, and other sophisticated investors.
0:18.9	Macrovoices is all about the brightest minds in the world of finance
0:22.6	and macroeconomics telling it like it is, bullish or bearish, no holds barred. Now, here are
0:29.0	your hosts, Eric Townsend and Patrick Suresna. Macrovoices episode 458 was produced on December 12th, 2024.
0:39.7	I'm Eric Townsend.
0:41.3	Rosenberg Research founder David Rosenberg returns as this week's feature interview guest.
0:45.7	We'll discuss a piece he just wrote titled Lament of a Bear, in which David shows his true
0:50.9	professionalism by acknowledging that his past skepticism of the stock bull market
0:55.3	hasn't quite panned out and explaining why he's mulling a change in his outlook based on
1:00.7	AI and other factors. And I'm Patrick Suresna with the macro scoreboard week over week as of the
1:06.3	close of Wednesday, December 11th, 2024. The S&P 500 index down three basis points, trading at
1:12.7	6,084, consolidating along its all-time highs. We'll take a closer look at that chart and the key
1:18.7	technical levels to watch in the postgame segment. US dollar index up 25 basis points, trading at 106.662,
1:26.1	consolidating in a three-week trade range along its year highs.
1:30.5	The January WTI Crudel contract up 255 basis points trading at 7029.
1:36.5	Once again, bounced off support, but will the Bulls be able to turn around this bear trend
1:41.5	in the coming weeks?
1:42.7	We'll take a look at that chart in the post game.
1:44.9	The January R. Bob Gasoline up 206 basis points, training 198.
1:49.5	The February gold contract, up 299 basis points to 2756, attempting to break out again.
1:57.5	Now a stone throw away from its major highs.
2:00.4	Copper, up 143 basis points, trading at 420.
	...

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