Renowned geopolitical and financial cycle expert Charles Nenner says his cycle analysis shows the highs are in for the stock market, and it’s downhill from here—way downhill. Nenner’s analysis show major support was breached at the beginning of 2022. Nenner explains, “If it closes below the trend line, you better get out of the stock market, and it did. Now, in January, it has closed much lower that all the quarterly lows. This is not making lows on a daily chart but a quarterly chart, and that is much more important than short term. . . . I did a report about how many stocks are in an uptrend and how many stocks are in a down trend. I think 50% is already in a bear market. There are just a few stocks that are holding up the market, like . . . Microsoft, Apple, Google. I looked into what the earnings are . . . it was clear they are never going to sustain those prices. . . . I think 1% of the stocks are holding up 40% of the S&P. Once they give in, the markets go down. A lot of people have already lost a lot of money because most stocks do not perform anymore.
I think we are very close, and my target is still 5,000 (on the DOW). It seems very farfetched, but it you just do the math. . . . The media will not help you. They will invite you if you talk about markets going up because the companies that want to advertise with them want to sell. So, very few companies like to talk about stocks going up and do not care if it goes up or down. We just tell you the truth.” Nenner says he and his clients are out of the stock market since the first of the year.
Nenner does cycle work for oil, the dollar, Bitcoin, interest rates and the bond market, to name a few. Nenner says interest rates have hit their lows and “are going up for the next thirty years.” Nenner thinks gold will be going up to at least $2,500 per ounce, but it has a short while before it starts moving up. Nenner says the only market investors should be long is the commodity markets. Commodities are going to go up for years to come, according to Nenner’s cycle work.
No cycle is more important to Nenner these days than the “War Cycle.” Nenner does not see a war with Russia, but he expects after the Winter Olympics in China, things are going to turn dramatically more intense with the CCP. Nenner says, “I think the big problem after the Olympics is going to be China. . . . nobody is going to do anything against China, and I think they are going to take over Taiwan. If the West is going to fight, then we have major war.”
By Greg Hunter’s USAWatchdog.com Renowned geopolitical and financial cycle expert Charles Nenner says his cycle analysis shows the highs are in for the stock market, and it’s downhill from here—way downhill. Nenner’s analysis show major support was breached at the beginning of 2022. Nenner...
usawatchdog.com
