Podcast appearances and mentions of tom mcclellan

Wall Street is loudly wondering: was the drop in March-April simply a correction in an otherwise intact bull market?Or...was the recovery in May a bear market rally, one now poised to roll over?When markets are as volatile and the macro outlook as uncertain as we've seen in the past few months, turning to the data & navigating by what it's telling us is often highly useful.Which is why we're fortunate to have one of the best technical analysts in the industry, Tom McClellan, joining us today to share his latest interpretation of the current market action.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#bullmarket #bearmarket #technicalanalysis _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI spoke about gold this week to ABC Australia. This little interview may be of some interest. Here it is. Meanwhile …It's as though the whole tariff thing never happened, the way stock markets are rallying. I think it's seven green days in a row now.Everybody is getting very excited about a rare technical signal we got last Thursday - - there have only been 16 of them since the S&P500 was created in 1957, including the latest on April 24, 2025. But this signal has a 100% reliability record, and has been followed by average 6-month returns of 15% and a 12-month returns of 23%. That's a pretty stellar record. So I just wanted to offer my 2p.The indicator - the Zweig Breadth Thrust Indicator (ZBT) - was first observed in the 1986 Martin Zweig book, Winning on Wall Street (which I confess to not having read). It occurs when a market swings from an oversold to an overbought reading within 10 trading days.Eight of them have occurred since the book was published: in 2004, in 2009 (shortly after the March lows at 666), in 2011 after the taper tantrum, in 2013, 2015, 2018 and in 2023 twice. Now we have one coming off the “tariff tantrum”, as I've just dubbed it.However, before you go out and gamble your entire life savings, note that back in 2015 technical analyst Tom McClellan published a detailed study of ZBT signals, which went back much further than the 1957 formation of the S&P500 - all the way to 1928.During the bear market of the 1930s Great Depression, there were multiple occurrences of the signal - 14 of them - and it was horribly unreliable: 10 led to losses or negligible gains, 2 preceded strong rallies, and 2 were flat. It was useless, in other words.So, in short, it's been good since 1957, but was rubbish before. A bit like stereos.There are plenty of reasons to remain cautious. The high levels of volatility we are witnessing are consistent with a bear market not a bull market. There are also high levels of uncertainty: what is actually going to happen with tariffs? Nobody quite knows. I'm not sure even the President. Plus we are going into May, usually a weak time of year for the stock market. And it may be that the consequences of Trump's tariff talk have not yet been felt in the US on the ground. One argument is that there has been a huge drop off in container ships leaving China. A container would typically take 30 days to reach LA, and another 10-20 days to get to the major cities - Houston, Chicago, New York et al. So the drop-off in container ships leaving China after Liberation Day won't be felt until mid-May. If there is a pick up in shipments, that wouldn't be felt till another month after that. Some are saying supply shortages are coming to the US. Have a read of this and see what you think. Markets usually price this kind of stuff in, but you never know. Cui bono?Among the sectors that should benefit from Trump's America first policies are US domestic mining and manufacturing. Here the regulatory environment is changing fast. Trump signed an executive order on March 20 with the aim of accelerating production of critical minerals. Federal agencies have actually been mandated to look to the US for priority metals - copper, gold, nickel, uranium and so - when they previously looked abroad. We are already seeing faster permitting. I hear that formerly dormant projects are seeing activity for the first time in years. Emails are being answered promptly, applications are being processed, even in states like California. This new environment is positive for oil and gas producers, miners, explorers and developers in the US. The problem is that commodity prices have dropped off a cliff. There's always a catch.Even so, one company that should benefit from this new macro environment is this potential multi-bagger.On which, note I wanted to give you a related heads up.

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI spoke about gold this week to ABC Australia. This little interview may be of some interest. Here it is. Meanwhile …It's as though the whole tariff thing never happened, the way stock markets are rallying. I think it's seven green days in a row now.Everybody is getting very excited about a rare technical signal we got last Thursday - - there have only been 16 of them since the S&P500 was created in 1957, including the latest on April 24, 2025. But this signal has a 100% reliability record, and has been followed by average 6-month returns of 15% and a 12-month returns of 23%. That's a pretty stellar record. So I just wanted to offer my 2p.The indicator - the Zweig Breadth Thrust Indicator (ZBT) - was first observed in the 1986 Martin Zweig book, Winning on Wall Street (which I confess to not having read). It occurs when a market swings from an oversold to an overbought reading within 10 trading days.Eight of them have occurred since the book was published: in 2004, in 2009 (shortly after the March lows at 666), in 2011 after the taper tantrum, in 2013, 2015, 2018 and in 2023 twice. Now we have one coming off the “tariff tantrum”, as I've just dubbed it.However, before you go out and gamble your entire life savings, note that back in 2015 technical analyst Tom McClellan published a detailed study of ZBT signals, which went back much further than the 1957 formation of the S&P500 - all the way to 1928.During the bear market of the 1930s Great Depression, there were multiple occurrences of the signal - 14 of them - and it was horribly unreliable: 10 led to losses or negligible gains, 2 preceded strong rallies, and 2 were flat. It was useless, in other words.So, in short, it's been good since 1957, but was rubbish before. A bit like stereos.There are plenty of reasons to remain cautious. The high levels of volatility we are witnessing are consistent with a bear market not a bull market. There are also high levels of uncertainty: what is actually going to happen with tariffs? Nobody quite knows. I'm not sure even the President. Plus we are going into May, usually a weak time of year for the stock market. And it may be that the consequences of Trump's tariff talk have not yet been felt in the US on the ground. One argument is that there has been a huge drop off in container ships leaving China. A container would typically take 30 days to reach LA, and another 10-20 days to get to the major cities - Houston, Chicago, New York et al. So the drop-off in container ships leaving China after Liberation Day won't be felt until mid-May. If there is a pick up in shipments, that wouldn't be felt till another month after that. Some are saying supply shortages are coming to the US. Have a read of this and see what you think. Markets usually price this kind of stuff in, but you never know. Cui bono?Among the sectors that should benefit from Trump's America first policies are US domestic mining and manufacturing. Here the regulatory environment is changing fast. Trump signed an executive order on March 20 with the aim of accelerating production of critical minerals. Federal agencies have actually been mandated to look to the US for priority metals - copper, gold, nickel, uranium and so - when they previously looked abroad. We are already seeing faster permitting. I hear that formerly dormant projects are seeing activity for the first time in years. Emails are being answered promptly, applications are being processed, even in states like California. This new environment is positive for oil and gas producers, miners, explorers and developers in the US. The problem is that commodity prices have dropped off a cliff. There's always a catch.Even so, one company that should benefit from this new macro environment is this potential multi-bagger.On which, note I wanted to give you a related heads up.

Apr 25, 2025 – Is the recent stock market rally the start of something bigger—or just another bear market bounce? Tom McClellan of McClellan Financial Publications joins Jim Puplava to break down why he sees the current market as a prolonged bear...

In this episode, David Goldberg, President and CEO, Mon Health System, Davis Health System-Vandalia Northern Region; Executive Vice President, Vandalia Health, Dr. Tom McClellan, CEO of Intermed Labs, and Jeremy Kimmel, VP of Commercial Development at Intermed Labs, discuss how their collaboration is driving rapid healthcare innovation. They share insights on transforming clinician ideas into market-ready medical technologies, scaling innovation beyond academic centers, and how their groundbreaking approach is improving patient outcomes and creating new opportunities in healthcare.

Mar 14, 2025 – Jim Puplava and Tom McClellan dissect the stock market's rocky start to the year and the potential way forward. McClellan believes the S&P 500 is in a downtrend, amplified by Trump's tariff moves, and lack of liquidity...

Steven Dover, chief market strategist for Franklin Templeton — the head of the Franklin Templeton Investment Institute — called the DeepSeek news that roiled the market over the weekend and into Monday "a Sputnik moment," comparing it to when the Russians stepped up the space race and the rest of the world responded. "If it's true that something is coming out that is much cheaper and easier for companies to use, that is going to incease the efficiency and productivity of the economy and help the broad market significantly," Dover said. He noted that the weekend's news — and the start of the new Trump Administration — have not shaken his outlook for 2025, when he sees low double-digit gains, a broadening of the stocks that are working and heightened volatility, but no recession. Tom McClellan, editor of The McClellan Market Report, talks about how he believes that liquidity concerns are being overlooked by investors now, but they have him fully short the market. He notes that "event risk" tends to be heightened when liquidity is impaired, which could add to market volatility now; he pointed out that the DeepSeek news highlighted market overconfidence because investors were unprepared for weekend event risk. In the Market Call, Max Wasserman, co-founder and senior portfolio manager at Miramar Capital, talks about building a portfolio around dividend payers, with a mix of high- and low-growth companies. 

Nov 15, 2024 – Financial Sense Newshour speaks with Tom McClellan about the post-election stock market rally, comparing it to similar rallies in 1964 and 1980. McClellan explains that these rallies often reflect initial optimism after elections, but...

✨ This episode is sponsored by Public.com. Lock in your 6.9% yield: https://public.com/julia ✨ Tom McClellan, editor of The McClellan Market Report, and a prominent figure in the field of stock market analysis and technical analysis, joins Julia La Roche on episode 193 to share his views on the economy and markets in a presentation of charts. Tom is the son of Sherman and Marian McClellan, who are recognized for creating the McClellan Oscillator and Summation Index in 1969. Tom McClellan has done extensive analytical spreadsheet development for the stock and commodities markets, including the synthesizing of the four-year Presidential Cycle Pattern.  He is a graduate of the U.S. Military Academy at West Point and served as an Army helicopter pilot for 11 years. **DISCLOSURE** Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only.  *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.9% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 8/23/2024. A bond's yield is a function of its market price, which can fluctuate, and a bond's YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at https://public.com/disclosures/bond-account. Lock in your 6.9% yield: https://public.com/julia Timestamps: 0:00 Welcome back Tom 1:00 Where we are today in the markets 2:00 McClellan Oscillator showing the bulls are no longer in control 6:30 Presidential Cycle Pattern 10:50 Liquidity 12:40 Gold 20:29 Japanese Yen 22:00 Mexican Peso 23:25 Gold 25:25 Dollar 31:40 McClellan Oscillator explained, signaling an overbought and bearish condition in the markets 33:16 Are recession signals flashing in the market? 36:00 Demographics 38:27 Market timing 40:41 Federal Reserve is 13 months overdue for cutting 43:00 Presidential Cycle 46:29 Parting thoughts Links:   https://www.mcoscillator.com/ https://twitter.com/McClellanOsc

Welcome to the daily304 – your window into Wonderful, Almost Heaven, West Virginia.   Today is Wednesday, Aug. 28, 2024. Cash prizes are up for grabs with the WV Healthy Habits School Contest…Morgantown's Intermed Labs launches new businesses that aim to improve patient care…and, purchase your tickets now for WV National Hunting and Fishing Day and get a little something extra with admission…on today's daily304. #1 – From WV DHHR – In collaboration with the West Virginia Department of Education and Aetna Better Health of West Virginia, the West Virginia Department of Health announces the launch of the inaugural West Virginia Healthy Habits School Contest.  The contest is designed to support and spotlight innovative efforts, encouraging schools to create environments where students can thrive physically, mentally and emotionally.  Participating schools are invited to submit a two-minute video via an electronic form link provided by the West Virginia Department of Education showcasing their creative initiatives to enhance health within their school or community.  Cash prizes can be used by winning schools to further support their health initiatives, such as purchasing sports equipment or enhancing playground facilities. Read more: https://dhhr.wv.gov/health/Pages/West_Virginia_Healthy_Habits_School_Contest.aspx   #2 – From WV DED – Intermed Labs is an award-winning startup venture studio dedicated to advancing technological breakthroughs in health technology.  By collaborating with talented physicians, companies and health systems, the Morgantown-based business conceives, launches and scales new businesses that aim to improve patient care.  By saying “Yes” to West Virginia, Intermed Labs is poised to drive significant advancements in health technology, leveraging the state's resources and partnerships to create a thriving ecosystem of innovation and entrepreneurship. Check out the interview with Intermed Labs CEO Dr. Tom McClellan, on why West Virginia is a wonderful place to live and work. Read more: https://westvirginia.gov/intermed-labs-advancing-health-technology-and-innovation-in-west-virginia/   #3 – From WVDNR – Enjoy family time and outdoor thrills during West Virginia's National Hunting and Fishing Day!  This year's event takes place. Sept. 21 at Stonewall Resort. Sample wild game and farm-fresh food and let your kids participate in the exciting Outdoor Youth Challenge for a chance to win prizes.  Buy your National Hunting and Fishing Day tickets online by 11:59 p.m. on Aug. 31 and receive five complimentary tickets to sample signature dishes at A Taste of West Virginia State Parks!  Tickets are $10 and kids ages 14 and younger get in for free. Don't miss out! Order your tickets today! Learn more: https://wvdnr.gov/programs-publications/national-hunting-and-fishing-day/   Find these stories and more at wv.gov/daily304. The daily304 curated news and information is brought to you by the West Virginia Department of Commerce: Sharing the wealth, beauty and opportunity in West Virginia with the world. Follow the daily304 on Facebook, Twitter and Instagram @daily304. Or find us online at wv.gov and just click the daily304 logo.  That's all for now. Take care. Be safe. Get outside and enjoy all the opportunity West Virginia has to offer.  

Welcome to the daily304 – your window into Wonderful, Almost Heaven, West Virginia.   Today is Thursday, Aug. 1, 2024. Twenty-three West Virginia companies are honored with the Governor's Export Award…Raleigh County historians explore the mystery of Ferguson's Rock…and Intermed Labs advances breakthroughs in medical technology…on today's daily304. #1 – From MSN – West Virginia officials have recognized 23 state companies that grew their business by exporting a good or service to a new country last year. During the July 22 event, each business received the Governor's Export Award, given to companies that made their first sale to a new country in the previous calendar year.  Awards were presented to businesses from 13 West Virginia counties for exporting goods and services to more than 59 countries. Eight of these companies were first-time winners.  “Every time a West Virginia business expands into a new market, it should be celebrated. It's an incredible achievement that contributes so much to the state's economy,” said West Virginia Department of Economic Development Secretary Mitch Carmichael.  Read more: https://www.msn.com/en-us/news/us/23-west-virginia-companies-honored-for-export-success/ar-BB1qJLGN?ocid=BingNewsVerp   #2 – From WV EXPLORER – Questions may always surround a mysterious boulder found 200 years ago in southern West Virginia inscribed with the characters “S. Ferguson F. County 1814.”  Ferguson's Rock has since been the focus of local legends, including tales of a phantom that roams the scene of its death on the stony banks of Piney Creek. Some historians surmise that the inscription was hewn by a hunter of the Ferguson family, fur trappers of Franklin County, Virginia. Apart from the mystery, historians said the rock is vital because it is an artifact of pioneer history that predates Beckley's settlement. It speaks to the importance of Beckley as a crossroads that Alfred Beckley would establish two decades later. The Raleigh County Historical Society, in cooperation with the City of Beckley, moved the rock to the grounds of  Wildwood, the historic home of town founder Alfred Beckley. Read more: https://wvexplorer.com/2024/07/27/mysterious-fergusons-rock-becomes-beckley-attraction/   #3 – From WV COMMERCE – Intermed Labs is an award winning startup venture studio that advances technological breakthroughs in Health Technology. The Morgantown company works with talented physicians, companies and health systems to conceive, launch and scale new businesses Watch the interview with CEO Tom McClellan, M.D., to discover why Intermed Labs says #YesWV. Watch the video: https://www.youtube.com/watch?si=tYuHL9MIt9T-hOT7&v=teWcK9FMBWY&feature=youtu.be   Find these stories and more at wv.gov/daily304. The daily304 curated news and information is brought to you by the West Virginia Department of Commerce: Sharing the wealth, beauty and opportunity in West Virginia with the world. Follow the daily304 on Facebook, Twitter and Instagram @daily304. Or find us online at wv.gov and just click the daily304 logo.  That's all for now. Take care. Be safe. Get outside and enjoy all the opportunity West Virginia has to offer.  

Welcome to the daily304 – your window into Wonderful, Almost Heaven, West Virginia.   Today is Saturday, July 6, 2024. Crave WV pays a visit to The Grind coffee shop in Ripley…the CEO of Intermed Labs in Morgantown talks about building health innovations into companies…and, since 1949 Marble King has called West Virginia home, producing glass marbles for everything from toys and games to spray paint cans…on today's daily304. #1 – From DAILY304 – Crave WV visits The Grind in Ripley. The coffee shop offers a wide variety of delicious drinks and food to customers. They say that their warm community and sense of family keep people coming back for more! So...want to grab a coffee? Watch the video: https://www.youtube.com/watch?v=t4k7NbBVAb0   #2 – From WV COMMERCE – Intermed Labs is an award-winning startup venture studio in Morgantown that advances technological breakthroughs in health technology.  CEO Tom McClellan, M.D., talks about how the business works with talented physicians, companies and health systems to conceive, launch and scale new businesses.  Watch the video: https://www.youtube.com/watch?si=4Xu-OZjAUWcY8Xfm&v=teWcK9FMBWY&feature=youtu.be   #3 – From WV COMMERCE – Marble King proudly calls West Virginia home, citing the strategic location and the hardworking people as key factors in their success. The Paden City company's deep roots in West Virginia have allowed it to thrive and continue its legacy of excellence. CEO Beri Fox talks about the marble making process, the toy industry they supply, and the company's work with the West Virginia Department of Economic Development in identifying opportunities. Watch the video: https://www.youtube.com/watch?si=C_ynj_cJDipGtoix&v=_Py57rZbyQM&feature=youtu.be   Find these stories and more at wv.gov/daily304. The daily304 curated news and information is brought to you by the West Virginia Department of Commerce: Sharing the wealth, beauty and opportunity in West Virginia with the world. Follow the daily304 on Facebook, Twitter and Instagram @daily304. Or find us online at wv.gov and just click the daily304 logo.  That's all for now. Take care. Be safe. Get outside and enjoy all the opportunity West Virginia has to offer.  

Stocks markets have had a massive run since November of last year and all the major indices -- the S&P 500, the Dow and the NASDAQ - have hit all-time highs this week. US GDP growth for the current quarter is currently predicted to be 3.6%, global economic growth as measured by PMIs has turned positive for the first time in 2 years, the official unemployment rate remains below 4%, the most important stock to the markets -- Nvidia -- just beat expectations on earnings & revenues... So it's unsurprising the bulls are feeling large & in charge right now. Talk of hitting S&P 6000 later this year is getting louder. Is that likely? In heady times like these, turning to the data & navigating by what it's telling us is often highly useful. Which is why we're fortunate to have one of the best technical analysts in the industry, Tom McClellan, joining us today to share his latest interpretation of the current market action. Tom is watching several key indicators that, if their decades-long correlation with the stock market continues to hold, suggest a material correction is coming in the second half of this year. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #stockmarketcorrection #stockcrash #oilprice

May 24, 2024 – After this week's wrap-up, Financial Sense Newshour speaks with the well-known market technician Tom McClellan at McOscillator.com about the outlook for the stock market and the unfolding liquidity wave...

Barry Ritholtz, chairman and chief investment officer at Ritholtz Wealth Management, says talk of stagflation and other potential economic woes is overblown, and that the economic data suggests that the economy will overcome the short-term headline distractions to perform reasonably well, even if consumers and investors feel dissatisfied living through periods of higher inflation and lower investment returns. He says the profitability and performance of companies are broadening, and that's happening right now, which should make investors bullish. Also looking at recent market highs as a good sign is Tom McClellan, editor of The McClellan Market Report, who thinks the market will go higher and get through some minor corrections this year, but who sees technical indicators signalling much more significant trouble coming next year and beyond. Plus, research analyst Matt Zajechowski discusses a study on which cars convey the most "status" to their buyers, and whether there is any real value -- rather than just higher insurance bills -- that comes from the status given those fancy cars.

Tom McClellan

Well, the first-ever Thoughtful Money conference was held online this past weekend and I'm delighted to say the event was a real success. That was due primarily to the amazing line-up of speakers who presented and took live audience Q&A throughout the insight-packed 9 hour day. Lacy Hunt delivered the keynote, followed by Stephanie Pomboy, Michael Pento, Ted Oakley, Michael Lebowitz, Danielle DiMartino Booth, Tom McClellan, Brent Johnson, Melody Wright, Rick Rule, Matt Piepenburg and Mark Moss. For those of you who didn't attend, I thought you'd enjoy hearing some of the conference highlights. BUY THE REPLAY of the full Thoughtful Money conference here at https://thoughtfulmoney.com/conference #recession #hardlanding #marketcorrection _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Solicitor. We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such. We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance. IMPORTANT NOTE: There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.

Feb 16, 2024 – After this week's market wrap-up, Financial Sense Newshour speaks with well-known market technician Tom McClellan at McOscillator.com to get his outlook on the stock market, inflation, and much more. Tom says...

January is in the books – and the results are mixed. The Fed gives and takes away – No cuts on the table just yet. Plenty of tech news this week  - Earnings and more earnings. And our guest this week – Tom McClellan of the McClellan Market Report. Tom McClellan is a graduate of the U.S. Military Academy at West Point where he studied aerospace engineering, and he served as an Army helicopter pilot for 11 years. He began his own study of market technical analysis while still in the Army, and discovered ways to expand the use of his parents‘ indicators to forecast future market turning points. Tom views the movements of prices in the financial market through the eyes of an engineer, which allows him to focus on what the data really say rather than interpreting events according to the same “conventional wisdom” used by other analysts. In 1993, he left the Army to join his father in pursuing a new career doing this type of analysis. Tom and Sherman spent the next 2 years refining their analysis techniques and laying groundwork. In April 1995 they launched their newsletter, The McClellan Market Report, an 8 page report covering the stock, bond, and gold markets, which is published twice a month. They utilize the unique indicators they have developed to present their view of the market‘s structure as well as their forecasts for future trend direction and the timing of turning points. A Daily Edition was added in February 1998 to give subscribers daily updates on their indicators and also provide market position indications for stocks, bonds and gold. Their subscribers range from individual investors to professional fund managers. Tom serves as editor of both publications, and runs the newsletter business from its location in Lakewood, WA. The signup link is http://mcoscillator.com Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (SPY), (QQQ), (AAPL), (AMZN)

This episode features Dr. Tom McClellan, Chief Executive Officer, Intermed Labs, Ashok Aggarwal, Chief Strategy Officer, Intermed Labs, & Toney Stroud, Vice President for Strategic Initiatives and Corporate Relations, Marshall University. Here, they discuss key insights into their organizations & partnerships, advice for healthcare leaders, and more!

Two different analysts -- looking at the economy and market from varying viewpoints -- agree on today's show that there is trouble ahead for the stock market and economy in 2024, and that the election cycle -- which historically holds that presidential election years are good times for the market -- isn't going to be able to keep trouble at bay until 2025. Erik Weisman, chief economist and portfolio manager at MFS Investments, says that the Federal Reserve's actions have postponed recession and a reasonably soft landing into 2024, but notes that he is looking for safe havens in bonds -- where he is looking longer term despite the inverted yield curve -- to ride out troubles. Meanwhile, Tom McClellan, editor of The McClellan Market Report, says that he expects a few more months of solid markets, particularly in large-cap stocks, before things turn and start a widespread decline that should start late in 2024 and that could last into 2026. Also on the show, Chuck answers a listener's question about finding ways to save more.

Nov 17, 2023 – After this week's market wrap-up, Financial Sense Newshour's Jim Puplava speaks with Tom McClellan about the market outlook and Robert Rapier on the energy sector. Tom says that the Federal Reserve should be cutting...

Rates Dip, Oil Dips, Stocks Hold Banks under pressure again – what is the problem now? Analysts cutting estimates at fastest pace since when? And out guest…Tom McClellan, editor of the McClellan Market Report   Register for the November 15th, 2024 Webinar   Tom McClellan is a graduate of the U.S. Military Academy at West Point where he studied aerospace engineering, and he served as an Army helicopter pilot for 11 years. He began his own study of market technical analysis while still in the Army, and discovered ways to expand the use of his parents‘ indicators to forecast future market turning points. Tom views the movements of prices in the financial market through the eyes of an engineer, which allows him to focus on what the data really say rather than interpreting events according to the same “conventional wisdom” used by other analysts. In 1993, he left the Army to join his father in pursuing a new career doing this type of analysis. Tom and Sherman spent the next 2 years refining their analysis techniques and laying groundwork. In April 1995 they launched their newsletter, The McClellan Market Report, an 8 page report covering the stock, bond, and gold markets, which is published twice a month. They utilize the unique indicators they have developed to present their view of the market‘s structure as well as their forecasts for future trend direction and the timing of turning points. A Daily Edition was added in February 1998 to give subscribers daily updates on their indicators and also provide market position indications for stocks, bonds and gold. Their subscribers range from individual investors to professional fund managers. Tom serves as editor of both publications, and runs the newsletter business from its location in Lakewood, WA. The signup link is http://mcoscillator.com Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (TLT), (AAPL), (GLD), (SLV), (BND)

Aug 18, 2023 – Our technician this week is Tom McClellan who discusses the potential trajectory of the current correction in the stock market. Tom provides his outlook on stocks, interest rates, and gives listeners an update on...

We're officially out of the bear market with the S&P up 20% from the lows, but can the bull run be sustained? China's economy dampened by deflation and flagging exports, but one fund manager says investors are missing a key opportunity. And Canaccord Genuity initiates coverage on the eVTOL sector; we've got the names to ‘buy.' Plus, Tom McClellan sees a bottom in oil…depending on your timing. 

May 19, 2023 – After this week's wrap-up, Financial Sense Newshour speaks with market technician Tom McClellan to get an update on his outlook for the stock market, gold, and oil. Next, we converse with Doomberg about political strategies...

Tom McClellan, editor of The McClellan Market Report, says that the market is just starting a whole lot of market pain that will continue into 2026 before reaching a real bottom and the start of another long-term buying opportunity. McClellan says there will be great trading opportunities within the downturn -- including the month of April -- but emphasized that the economy has a lot to digest before real recovery begins. Jose Torres, senior economist at Interactive Brokers, expects a recession to begin in the second or third quarter of 2023, but says the decline is likely to be shallow, extending for six to 12 months depending on how the Federal Reserve responds to it. For investors looking to deal with those issues, Steve O'Neill, from RiverNorth says in The NAVigator segment that municipal bond closed-end funds are 'in the 99th percentile of cheapness,' making them a good relative bargain for investors willing to ride out the current storm. And in the Market Call, Allen Bond, head of research at Jensen Investment Management, discusses high-quality businesses at reasonable prices.

Market analyst and technical analysis expert Tom McClellan returns for Part 2 of our interview with him in which he explains why he expects the markets to hit a new bottom by October, rebound going into next year, and then experience a full crash by the second half of 2024. ************************************************* At Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. There's no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead? Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis. Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion's endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: https://www.wealthion.com/ Subscribe to our YouTube channel: https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1 Follow Adam on Twitter: https://twitter.com/menlobear Follow us on Facebook: https://www.facebook.com/Wealthion-109680281218040 #marketcrash #investing #gold ************************************************* IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

Market sentiment is muddled right now. The bull rally since the start of the year is appearing to sputter out. The bears are growling louder -- but they too, haven't been able to grab control of the price direction. In murky times like these, turning to the data & navigating by what it's telling us is often highly useful. Which is why we're fortunate to have one of the best technical analysts in the industry, Tom McClellan, joining us today to share his latest interpretation of the current market action. ************************************************* At Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. There's no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead? Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis. Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion's endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: https://www.wealthion.com/ Subscribe to our YouTube channel: https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1 Follow Adam on Twitter: https://twitter.com/menlobear Follow us on Facebook: https://www.facebook.com/Wealthion-109680281218040 #data #pomboy #FED ************************************************* IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

Feb 10, 2023 – When we spoke with Tom McClellan last year he forecasted a sizeable year-end rally that would push through to January and get everyone all bulled up. Now, Tom says, that 'bear market rally' is complete, having fooled enough people...

Stocks rallied in the penultimate session of the year, with the Nasdaq leading the gains, closing higher by more than 2.5%. Market experts Tom McClellan and Kathryn Rooney Vera weigh in on the rally and their outlook for stocks in the new year. Tesla rebounded from its recent softness, helping lead the Nasdaq charge. CNBC.com's Lora Kolodny reports on a new memo from Elon Musk, telling employees to ignore the “stock market craziness.” Analyst Sharon Zackfia from William Blair discusses her top consumer discretionary pick for 2023. Plus the latest on Netflix, chips, and reports of coming layoffs at Goldman Sachs.

Dec 16, 2022 – Ryan Puplava gives this week's wrap-up discussing how the year-end rally may now be over, what we saw from a hawkish Fed and European Central Bank, as well as negative economic data and market reactions. Tom McClellan joins...

Tweet by Tom McClellan -https://twitter.com/McClellanOsc/status/1588937209297928192Article from the WSJ -https://www.wsj.com/articles/government-officials-invest-in-companies-their-agencies-oversee-11665489653Social Media:Facebook/LinkedIn: @JessupwealthmanagementInstagram/Twitter: @Jessupwealth

Tweet by Tom McClellan -https://twitter.com/McClellanOsc/status/1588937209297928192Article from the WSJ -https://www.wsj.com/articles/government-officials-invest-in-companies-their-agencies-oversee-11665489653Social Media:Facebook/LinkedIn: @JessupwealthmanagementInstagram/Twitter: @Jessupwealth

Nov 4 – After this week's wrap-up, Financial Sense Newshour's Jim Puplava speaks with well-known technician Tom McClellan on the outlook for stocks, energy, commodities, interest rates, and more. Next, Selma Hepp at CoreLogic says...

The stock market is about to get more interesting.Check The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreport​​​​​ YouTube: https://www.youtube.com/c/theleadlagreport Facebook: https://www.facebook.com/leadlagreport​​ Instagram: https://instagram.com/leadlagreport​​​ Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off. Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)The Personal Finance PodcastSubscribe now and Master Your Money in Less than 30 Minutes Per Week! Listen on: Apple Podcasts Spotify

David Kelly, chief global strategist at J.P. Morgan Asset Management, says inflation has started to roll over, and once the Federal Reserve pivots away from tough talk about fighting inflation he expects the market to move higher. Kelly says that opportunity is coming in "months or quarters rather than years," meaning that opportunity is around the corner and making this a good time to put money to work. Kelly says he is overweight "the bottom 490" of the Standard & Poor's 500, value stocks and international investing, with an emphasis on Europe. Talking technical analysis, Tom McClellan of The McClellan Market Report, says he expects a weak market through the mid-term election and while he notes that 2023 is poised to be a better year -- as it is the third year in a presidential election cycle, historically a good one -- he's short the market now, expecting a "better bottom" in December once the market digests the election results. Also on the show, Greg Daco, chief economist at EY, discusses the latest Policy Survey released Monday by the National Association for Business Economics, noting that economists -- who normally struggle to agree on any opinion -- have reached an unusual consensus that the economy will or has entered a recession, but that the slowdown will be mild and short. 

Jul 29 – After this week's market wrap-up with Ryan Puplava, Financial Sense Newshour speaks with Tom McClellan to get an update on his outlook for the stock market, the economy, and more. Next, Rick Sharga at ATTOM discusses the dramatic slowing...

May 27 – After this week's market wrap-up, noted technician Tom McClellan at McOscillator.com gives Financial Sense Newshour listeners an in-depth update on his outlook for the stock market, oil,... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

BRIAN BAILEY SHOW 5 - 9-22 Tom McClellan, Ruffin McNeill, Skip Holtz by Pirate Radio

Mar 18 – After this week's wrap-up, Tom McClellan at McOscillator, who predicted the stock market peak late last year, gives listeners an update on his technical outlook saying that he's now... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

Tom McClellan, editor of the The McClellan Market Report, says that it's time for investors to 'change out of your tennis shoes and put on your track shoes' to deal with a market that is going to chop sideways this year, and turn 'horrible' next year. McClellan has told his subscribers to be out of the market now, as he expects a downturn over the first few months of 2022. The NAVigator segment features Robert Grunewald, chief executive officer at Flat Rock Global discussing how the interval-fund structure provides stability in a potentially volatile asset class like 'middle-market credits,' allowing investors to trade off some liquidity in pursuit of higher fixed-income returns. Also on the show, Chuck answers audience questions about saving versus paying down debt, and about the value of a found collection of old coins, and Helaine Olen of the Washington Post talks about the continued blurring of the lines between journalism and 'sponsored content,' and how hard it is to distinguish between the two at Fox Business and elsewhere.

Nov 19 – Noted technician Tom McClellan speaks with Financial Sense Newshour in today's show and says his indicators are flashing warning signs for a major peak in the stock market. He discusses when... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

Oct 1 – Frank Barbera gives this week's market wrap-up. Tom McClellan says his models are pointing towards a major stock market peak as early as next month. Dominic Frisby discusses the long-term... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

In this episode, I speak to Tom McClellan, Country Director for UK & Ireland at WiredScore. WiredScore set the global standard for technology in the built world. The WiredScore certification is all about digital connectivity and infrastructure. SmartScore has recently been added; this is all about the wider smart building certification; it aims to improve and communicate the user functionality and technological foundations of buildings. We discuss:

This episode features David Goldberg, CEO and President at Mon Health, Dr. Tom McClellan, CEOat Intermed Labs, & Ashok Aggarwal, Chief Strategy Officer at Intermed Labs. Here, they discuss their project at Mon Health, the goals of the project, and more.

May 14 – After this week's wrap-up, Financial Sense Newshour welcomes Tom McClellan to get an update on his technical outlook for the market. Next, we speak with Marc Chandler, Chief Market... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

In this episode, we speak with Tom McClellan, Administrator at the Oregon DMV, about his career and his many years of work within the AAMVA Community as he prepares for retirement.Host: Ian GrossmanProducer: Claire JeffreyMusic: Gibson Arthur This episode is brought to you by GET Group. Learn more about secure, ISO compliant mobile driver’s licenses and sign up for demo at getgroupna.com.  

Jun 12 – Ryan Puplava discusses what moved the markets this week. Tom McClellan gives listeners a technical update on the market. Marc Chandler discusses the dollar and commodities and, lastly, Chris... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

Tom McClellan and Sarah Potter are our guests for this episode. After a historic week for markets, a fresh perspective on hedging risk, market indicators and what to look for in a meaningful bottom are our topics of discussion. We also focus in on why the CoronaVirus may continue to be a problem for markets […]

The McClellan oscillator is a powerful charting tool indeed, one of the all time greats in technical analysis. Founded by the McClellan family, Tom carried on the family tradition in charting and is doing some top rate work. I've been using this indicator as one of my tools for a number of years. But Tom recently came out with one of his email newsletters explaining this a little bit clearer than I've been using the indicator. There are two ways of properly using this indicator according to Tom. He calls it a simple and complex method. I lean towards doing this in simple ways in trading and Tom seemed to go this way as well in this case. Trend lines can be drawn on the indicator by following a series of lower highs on the chart. It's simple, when the indicator breaks out of this trend, it's bullish. Shortly after this episode was aired, there was a quick and large correction in the S&P 500. The McClellan oscillator structure has been setting up nicely as mentioned in the podcast. At the critical moment, the indicator had a failed breakout of the uptrend. This indicated that the bears are still in charge of the market. As of early March 2020 we'll still have to wait on standby for the bulls in terms of what's going on with the McClellan oscillator. It still remains deep in negative territory and actually reached a lower level than at the depths of the Q4 2018 selloff. The trend line I drew in on the oscillator is still valid so let's see how long it takes to break out of that trend of lower highs. I'm breaking my own trend on the channel a little bit and posting an instructional video. I hope you like it as it'll be a part of a playlist and hopefully the first of many. Credit to Tom McClellan's Free "Chart in Focus" material which inspired some of the content in this video. It's highly recommended, also consider some of his paid services! Please reach out with any feedback, most importantly the reason I create trading content is to meet with other traders. I'm big on the quality of followers of my content, I try to get to know each one personally. To Watch this podcast episode on YouTube: https://youtu.be/0_VF8iEUj7s Clockwork Charts, https://clockworkcharts.com https://anchor.fm/s/e13f034/podcast/rss https://anchor.fm/clockworkcharts Patreon: https://www.patreon.com/clockworkcharts Twitter: https://twitter.com/clockworkcharts Instagram: https://www.instagram.com/clockwork_charts #nosmallcreator #technicalanalysis

On January 23rd, BOF lost a longstanding and beloved member of the community, John Bierly. In his memory, this episode of the BOF podcast features a conversation between Editor-in-Chief Bill "Jett" Ramey and Ryan Hoss as they discuss John and his contributions to the site. Audio tribute messages are also included from Tom McClellan, Robert Reineke, and Chris Clow.

In this week's episode of Tech Talk Radio, reporter Lucy Alderson heads up north to talk to WiredScore Home director Henry Pethybridge and WiredScore director of business development Tom McClellan about the company's launch in Leeds.  The pair talk about why WiredScore has landed in Leeds, and reveal that the digital connectivity rating company has also launched in Australia too.  What better way to celebrate WiredScore's sixth anniversary this week than with a Tech Talk Radio episode! 

Research from Radius Data Exchange and others has demonstrated the value of connected buildings. Occupiers are willing to pay more, and landlords who prioritise connectivity are reaping the rewards. Joining Damian Wild on this week’s Future of Real Estate podcast are Cluttons’ John Gravett and Wired Score’s Cassie Wheeldon and Tom McClellan.  

It's an all ECU episode!  We start the show with Tom McClellan. Tom is the Assistant Athletics Director/Athletics Communications at East Carolina.  Dave Richmond talks to Tom about the program as a whole. From the hire of Joe Dooley and Dave Hart to the future of athletics at the university!  The second guest of the episode is Stephen Igoe from Hoist the Colours. Stephen does a nice job of reporting about the Pirates. They discuss a number of topics related to the athletic program. Thanks for the growing support of the podcast.  Like our Facebook page. You can follow us on twitter @TheSportsOBJ. Email your comments, questions, and feedback to davidrichmond@thesportsobjective.com

William Newton and Tom McClellan of WiredScore feature in this special extra episode of TECHTALK RADIO to talk about the company's expansion into Scotland, its rapid growth journey, plans to expand outside of the offices sector and, oddly, how sewers and sewage have had a role in its growth. Listen in to find out more.

William Newton and Tom McClellan of WiredScore feature in this special extra episode of TECHTALK RADIO to talk about the company's expansion into Scotland, its rapid growth journey, plans to expand outside of the offices sector and, oddly, how sewers and sewage have had a role in its growth. Listen in to find out more.    

If you have spent any time around the markets, Tom McClellan is a name you are probably already familiar with. Tom's parents invented McClellan Oscillator and McClellan Summation Index, two of the most useful of technical indicators. But Tom is also a terrific technician in his own right, carrying the torch his parents first lit back in the 1960's. He has created some of the most creative and effective stock market models I have ever seen. In this conversation we discuss both the history of these models and how Tom integrates them into his own trading process today. Tom regularly shares his wealth of knowledge and experience at mcoscillator.com. You can also follow him on twitter @McClellanOsc. For links and notes related to our discussion visit TheFelderReport.com/podcast.

In Episode 29, we welcome market veteran, Tom McClellan. Meb starts with some background on Tom – he’s been doing financial writing for 20 years, likely making him one of the longest-running financial writers in the business. The guys then provide an overview of Tom’s proprietary market tool, the McClellan Oscillator. The roots of the Oscillator date back decades ago, when Tom’s father, Sherman, was trying to develop a system by which he could better time corn purchases for their farming business. (It turns out, you can get a better price in March.) In short, Sherman eventually crossed paths with some technical analysts who were exploring breadth statistics in the market (advance/decline line). Sherman applied moving averages to the advance/decline line, and a few tweaks later, we got the McClellan Oscillator. Meb then asks about the best way investors can use the Oscillator, and what the signals are telling us now. Tom gives us a quick tutorial, then suggests that the Oscillator is saying “oversold” (keep in mind this episode was recorded on 11/9). It has been correcting since July, but now that election is over, maybe we’ll see that change. With the election in mind, Meb brings up the sentiment he’s heard from many investors: “I want to wait until the election is over and things are more certain.” Meb finds this amusing, as when are the markets ever certain? This segues into Tom’s election indicator. It had predicted Trump. Tom gives us more details about the mindset behind his indicator. In essence, we see market movements reflected in the poll numbers. In other words, the market is a leading indicator for where the polls will go. As evidence, he references the election when Bush/Gore was too close to call, discussing this through the prism of what the markets were doing at the time. And in this most recent election, the indicator had called for Trump to win though the polls didn’t. Tom says that’s because the poll numbers before the election hadn’t reflected the big decline in the stock market in the week leading up to the election – but that decline did show up as a change in the actual vote. This sets the guys off on a conversation about “sentiment” which is an indicator Tom loves. Then Meb steers the conversation toward interest rates and the Federal Reserve. It turns out, the guys believe you can tell where the Fed should set the Fed Funds Rate by looking at what the yield is on the 2-year note. It’s when that doesn’t happen that we see market issues. Tom gives us an example from Bernanke’s tenure. Meb then points toward another chart from Tom: the S&P verse Federal Tax receipts divided by GDP – in essence, how much the government is collecting in taxes. What’s the relationship here? Well, if you’re against the government taxing too much, you’ll likely agree with the findings. There’s more fascinating conversation about Tom’s various charts. For instance, the common conception is that a slowdown in the economy leads to an increase in crime. Tom says not true. Do you know what is correlated to an increase in crime? Inflation. What inflation does in Year 1 is what crime will do in Year 2. Meb then asks about the biggest mistakes that investors make when creating their own charts. Tom tells us that people want to simplify too much. “Just give me the one chart that will work.” Unfortunately, there is no holy grail. If you’re looking for easy answers, the stock market is not the place to find it. Look for more obscure indicators. If everyone is using the same indicator, there’s no value there. There’s lots more, including a conversation about “value.” Turns out, Tom doesn’t really use value at all. In fact, he says there are only two variables that matter. What are they? Find out in Episode 29.

- Tom McClellan, Editor of the "McClellan Market Report" - Please call 1-800-388-9700 for a free review of your financial portfolio