MacroPass™: Michael Oliver On Market Momentum

It's a concern for stocks, but a boon for gold & silver

This installment of our popular MacroPass™ service for premium members of this Substack comes from market analyst Michael Oliver, whom I interviewed recently.

In Michael’s latest report to his subscribers below, he presents a trove of charts warning that the S&P 500 is losing momentum and that the risk of a coming reversal is uncomfortably high.

On the other hand, his outlook for gold & silver is much more bullish.

To learn why, as well as hear his wild prediction for where the price of Bitcoin is headed, read the report below.

As a reminder, MacroPass™ is a weekly rotating selection of premium analysis from many of the big thinkers interviewed on Thoughtful Money.

To-date that list of contributors includes experts like Lacy Hunt (Hoisington), Stephanie Pomboy (Macro Mavens), Danielle DiMartino Booth (QI Research), Tom McClellan, Michael Howell (Capital Wars), Darius Dale (42 Macro), Doomberg, Ted Oakley (Oxbow Advisors), Kevin Muir (The Macro Tourist), Alf Peccatiello (The Macro Compass), Lance Lambert (ResiClub), Ed Yardini (Yardini Research), David Hay (Haymaker), Melody Wright (M3_Melody), David Stockman (Contra Corner), David Brady (FIPEST Report), John Rubino, Adam Kobeissi (The Kobeissi Letter), Sven Henrich (Northman Trader), Jeff Clark (The Gold Advisor), Charles Hugh Smith, Steven Bavaria (Inside the Income Factory®), Chris Whalen (The Institutional Risk Analyst), Felix Zulauf, Jesse Felder (The Felder Report), Brent Johnson (Macro Alchemist), Pieter Slegers, (Compounding Quality), Michael Oliver (Momentum Structural Analysis) and Anna Wong (Bloomberg Economics).

Recent MacroPass™ reports in this series include:

• Steven Bavaria on how to receive a year's worth of dividends in only 7 months

• Pieter Slegers on 100 insights from the recent Berkshire Hathaway annual meeting

• Brent Johnson on the power dynamics underlying the tariff war

• Lacy Hunt on his latest quarterly outlook

• David Hay on the potential upside of unloved energy stocks

• Anna Wong on the expected impact of the 'Liberation Day' tariffs

• David Stockman on just how out-of-control the federal deficit is

If you’re already a premium subscriber to this Substack, just continue below to access Michael’s full report.

But if you’re not (yet), read the start of it below and consider upgrading to premium and access the full version, as well as all past and future MacroPass™ content.

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