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Mar 25, 2024
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letter," dennis gartman.s, anytime commodities start to catch fire there is only one person to bring on, that's you. you're the best on this. you earned that reputation over the years. it feels weird no one talked about commodities a lot. what is starting percolate here. >> they should percolate. copper is a phd of economics. i say master of economics. phd with copper, plus aggregated tin, aluminum, zinc all the metals turned from the lower left to the upper right indicative of higher economic growth. as long as those continue to move from the lower left to the upper right i think economic activity will be stronger. as you just said, evs especially, the increase in the demand on, from computer technology going to drive electricity demands off the course of the next 10 and 15 years, copper prices want to go hire. we're at four dollars per pound. i think we go"the five" 1/2, over the course of next three or four years. it will be slow. not as exciting as we've seen in cocoa last couple weeks. i think it moves s
letter," dennis gartman.s, anytime commodities start to catch fire there is only one person to bring on, that's you. you're the best on this. you earned that reputation over the years. it feels weird no one talked about commodities a lot. what is starting percolate here. >> they should percolate. copper is a phd of economics. i say master of economics. phd with copper, plus aggregated tin, aluminum, zinc all the metals turned from the lower left to the upper right indicative of...
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dennis gartman, also with us is john lonski this morning. dennis, thank you for joining the conversation. i want to get your take on thethebanks. the stock is up this morning it had a terrible year, it athansed an update to financial information. take a look at new york bancorp this morning. deposits have fallen 5% since december to more than $77 billion, the bank says it has 12% of the loans in commercial real estate and 44% in multifamily housing. here's fed chief jay powell yesterday, signaling a retreat in capital requirements for mayor juror banks as part of the basel 3 end game proposals. >> basel 3 rules are not directly related, not the thing that's directly related to silicon valley bank. my view is that it will be appropriate to make material and broad changes to that before we finalize it. >> material and broad changes to strengthen the rules? >> we'll talk about what that will mean in the end. i didn't say we would withdraw the rules. >> you are the leader of the fed. you talked about getting tougher on the banks. but now the gia
dennis gartman, also with us is john lonski this morning. dennis, thank you for joining the conversation. i want to get your take on thethebanks. the stock is up this morning it had a terrible year, it athansed an update to financial information. take a look at new york bancorp this morning. deposits have fallen 5% since december to more than $77 billion, the bank says it has 12% of the loans in commercial real estate and 44% in multifamily housing. here's fed chief jay powell yesterday,...
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Mar 15, 2024
03/24
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dennis gartman.his morning, johnn lonski. dennis, i want to look at futures this morning. we have another firmer tone, opening expecting a stronger opening for the major averages, dow industrials up 58, nasdaq up 25 after a rip-roaring year-to-date. as interest rates spike a bit, now they're pulling back this morning on the 10 year but we're still at 4.27% on the 10 year after this week's hotter than expected inflation data, dennis. we're looking ahead to the fed meeting next week, the two damon tri policy tuesday and wednesday next week, the central bank expected to hold interest rates ready. we'll be focused on what the fed says, what jay powell says or suggests about a cut in rates to come. and this is all happening you amidst housing data next week, we'll get the home builders confidence impact on monday, housing starts on tuesday, existing home sales on thursday. where are you in terms of where the fed is right now and how you want to allocate capital in the midst of the data coming out next wee
dennis gartman.his morning, johnn lonski. dennis, i want to look at futures this morning. we have another firmer tone, opening expecting a stronger opening for the major averages, dow industrials up 58, nasdaq up 25 after a rip-roaring year-to-date. as interest rates spike a bit, now they're pulling back this morning on the 10 year but we're still at 4.27% on the 10 year after this week's hotter than expected inflation data, dennis. we're looking ahead to the fed meeting next week, the two...
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Mar 22, 2024
03/24
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joining me is former gartman letter editor, dennis gartman. also with me john lonski this morning.conversation. john, you i want to take a look at the rally underway. we've got markets higher once again on top of a record performance yesterday. dow industrials right now up 51, nasdaq up 16, s&p higher by 7 and three quarters, on top of markets closing in record territory yesterday. the s&p 500 above 5200 right now. shares of reddit soared, closing up 48% in the new york stock exchange debut, reddit originally priced the ipo at $34 a share. it debuted at 47. right now it's at $50.44, it's pulling back after the huge runup. john, your reaction to reddit? do you think this us an end p cater that maybe the capital markets window is opening again. >> i think it is opening. reddit is the first ipo that we've had, a social media company, since 2019. let's not forget that investors could care less about the fact that reddit has lost money for 19 consecutive years. reddit was introduced as a product back in 2005. 19 long years of losses. yet the market was more than willing to supply equity
joining me is former gartman letter editor, dennis gartman. also with me john lonski this morning.conversation. john, you i want to take a look at the rally underway. we've got markets higher once again on top of a record performance yesterday. dow industrials right now up 51, nasdaq up 16, s&p higher by 7 and three quarters, on top of markets closing in record territory yesterday. the s&p 500 above 5200 right now. shares of reddit soared, closing up 48% in the new york stock exchange...
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Mar 29, 2024
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dennis gartman, also with us is john lonski this morning.he easter holiday on sunday. but we're looking at outsize gains for this market, take a look at the first quarter numbers which wrapped up yesterday and it ended just as it began with momentum for stocks. the dow up 5 and two thirds percent on the quarter, nasdaq up 9.1% for the quarter and s&p 500 higher by 10.1% in the first three months of the year. we are waiting for the fed's preferred read on inflation, the february pce index will be out at 83:00 of a.m. eastern, economists are expecting month over month to be up three tenths of a percent, dennis what do you make of this gain in the market and this weight for inflation, your anticipation? >> it surprises me the strength we've had in the stock market. i've been bullish for one thing, gold, for a long period of time. gold is up much more than the dow is up for the first quarter of the year and i'm much impressed by that fact, very few people are paying attention to the fact that gold has moved as dramatically as it has. i think wit
dennis gartman, also with us is john lonski this morning.he easter holiday on sunday. but we're looking at outsize gains for this market, take a look at the first quarter numbers which wrapped up yesterday and it ended just as it began with momentum for stocks. the dow up 5 and two thirds percent on the quarter, nasdaq up 9.1% for the quarter and s&p 500 higher by 10.1% in the first three months of the year. we are waiting for the fed's preferred read on inflation, the february pce index...