The Economically Sensitive Materials Sector Is Breaking Out

MarketGauge 1.86K Followers Follow Summary Basic Materials broke out of a multi-month consolidation, with unusually broad strength in copper and agricultural input stocks creating several attractive trend-trading setups. The strength in economically sensitive Materials supports the narrative of a healthy economy with persistent inflation. As a result, long-term interest rates are unlikely to retreat from their important breakout levels. Gold and gold miners have a new powerful tailwind coming from the White House - conflicting policies and market intervention. Inflation and fear of excessive fiscal deficits are just fuel on this fire now. Unaihuiziphotography/iStock via Getty Images By Geoff Bysshe This week, most of the media’s attention will most likely be pointed towards the Fed's Jackson Hole meeting and Nvidia's ( NVDA ) earnings, for good reasons, but the real fireworks may happen in a This article was written by MarketGauge 1.86K Followers Follow MarketGauge was founded 25 ago years by successful floor traders turned hedge fund managers. Their experts have over 100 years of diversified experience as professional traders, technologists, and educators. MarketGauge’s mission is to provide strategic and actionable information that empower novice to professional investors and advisors to surpass their financial goals. We accomplish our mission with educational courses, proprietary trading tools, and proven quant-based models. MarketGauge’s core philosophy is to identify both the biggest macro trends and emerging ones using our proprietary tools / indicators and proven trading models. MG employs short-term tactics derived from years of highly successful floor trading to precisely maximize profits and minimize risk. Price action is the primary driver. However, MG layers in fundamentals as well. MG is committed to trading with a methodical, systematic and repeatable approach. MG believes that is the key to success. Their philosophy is counter to the commonly disseminated tactics by many Wall street analysts. They believe that passive management and buy and hold is downright dangerous. Furthermore, all MG’s investing models include track records with daily and weekly updates. Their performance is always transparent. Since inception, MarketGauge has supplied market analytics to some of the biggest financial institutions such as Barron’s, Fidelity, as well as thousands of individual investor and active traders. Their insights can be found at Benzinga, Stocks and Commodities, TalkMarkets, Investing Shortcuts, AAAII , and Traders Library. CBS MarketWatch rated our twitter feed as one of the top 50 to watch for financial information. Each Market Gauge expert has a special focus and domain within the company. Their unique skill sets are all linked together from their common experience, and a commitment to risk management. They all use the same indicators and tools.