Gareth Soloway: Real Estate Market is Teetering on the Edge
Tom welcomes back Gareth Soloway, President, CEO & Chief Market Strategist for InTheMoneyStocks.
Gareth discusses the recent strength of the US dollar, which has seen 11 consecutive weeks of gains. Soloway notes that while the media may have different narratives, charts tend to repeat patterns due to human emotion. He recommends dollar cost averaging into positions and slowly exiting on the upside to ensure profits. The strength of the dollar can be attributed to the US’s relatively strong economic data, while other countries are struggling. This is causing money to rotate into the safety of the dollar and bond markets. The strength of the dollar is also affecting the metals market.
Currently, the US dollar is exhibiting significant strength. This can be largely attributed to the Federal Reserve’s monetary policy and the country’s high levels of debt. However, this strength is not sustainable and the dollar is expected to eventually weaken. Therefore, it is important to diversify away from the dollar, with gold being a recommended option. Gold has been performing well and shows signs of accumulation, especially with central banks actively buying it. While silver has also been performing well, its industrial use may cause it to underperform compared to gold.
In terms of the stock market, Soloway notes that the NASDAQ is showing signs of a potential breakdown. Hedge funds are starting to exit long positions and short the market, indicating a potential shift in sentiment. The recent interest rate hikes are already having an impact, with banks failing and the real estate market starting to slow down. This could potentially lead to a larger correction in the real estate market, and there may be other underlying issues that are not yet apparent.
Soloway also discusses his concerns about the US economy. He believes that the Federal Reserve’s aggressive hiking structure will eventually cause damage to the economy, potentially in areas such as commercial real estate or corporate debt. While the US has been able to delay a recession for a longer period than expected, there are signs that the economy could be heading towards a contraction. Soloway suggests looking at commodity-heavy countries like Brazil and China. He remains bullish on uranium in the long term.
Time Stamp References
0:00 – Introduction
0:40 – Dollar Strength & Chart
3:32 – Trailing Stops & Exits
5:18 – U.S. & Narratives
6:23 – Gold the Anti-Dollar
10:00 – Silver & Gold Charts
13:12 – Nasdaq Rolling Over?
16:05 – Smart Money & Funds
17:16 – Fed, T-Bills & Rates
18:45 – Commercial Debt Risk
20:50 – Recession & Consumer Debt
22:00 – Fed Easing & Inflation
24:30 – Politics & Incentives
24:54 – Global Markets & Liquidity
28:05 – Crude & Uranium
30:52 – Investor Psychology
32:54 – Concluding Thoughts
Chief Market Strategist Gareth Soloway has been an avid swing and day trader since his days at Binghamton University, where he studied Economics. After college, Gareth quickly excelled as a financial adviser, but his heart was always in swing and day trading. He had this long-standing belief that he could help investors make more money by advising them on shorter-term investments (holding a stock for days to weeks) than the buy and hold crowd who lost 50% of their money during every market collapse. “Why not profit during the bear markets just like the bull markets,” he said. So while helping others gain financial independence during the day, he spent his nights studying charts and price action, developing a unique market trading system that put his profits on a rocket ship. Some nights he would barely sleep when he found a new technique that was proven, once back-tested.
After building his wealth through trading in 2004, he left the financial industry to trade his own money and study charts and technical signals. This was when he met Nicholas Santiago. The two top traders spent days trading stocks/futures together, and nights putting their collective brainpower into the pure genius that would become the PPT Methodology.
InTheMoneyStocks was launched in 2007 once the PPT Methodology was perfected. Gareth’s goal was to help average investors beat the best hedge funds and traders on Wall Street by teaching them the methodology and giving them his trades as he took them LIVE!
Since 2007, Chief Market Strategist Gareth Soloway has maintained an over 80% success rate on swing trade alerts (verified 300+ trades per year) given to members in Verified Investing Alerts (formally named the Research Center) and a confirmed 94% success rate on day trades in the Live Day Trading Chat Room. He has given lectures at colleges around the United States, been asked to train hedge fund traders in other countries, and taught thousands of investors how to invest and trade profitably, achieving their dreams of financial independence. He lives life to the fullest and puts his heart and soul into teaching his members who come willing to learn the PPT Methodology.