Sean Foo reports that Thailand is making significant strides towards becoming the first Southeast Asian nation to join BRICS. The ASEAN member is actively seeking greater economic prospects, particularly with China, in order to boost its economy. This development signals potential economic challenges for the Western countries and the US financial system. The process of de-dollarization is expected to gain momentum, leading to the rapid formation of a multi-polar world.
Francis Hunt, known as The Market Sniper, discusses the emergence of Singapore as a prominent global financial hub in light of the declining status of traditional financial centers such as New York and London.
In a recent discussion on ITM Trading, Taylor Kenney delves into the unexpected membership bid of a long-standing ally of the United States in the BRICS coalition. This move signifies a noteworthy change in direction, as it emphasizes a desire to decrease reliance on the dollar. Such a development carries profound implications for the dynamics of global economic power and the trajectory of international trade.
Jeremy Szafron, Anchor at Kitco News, engages in a conversation with Chris Vermeulen, the founder and chief market strategist of The Technical Traders, delving into the current state of the stock market. They explore the potential for a ‘Financial Reset’ and the significance of the ‘Topping Phase’ as indicated by various market charts. Vermeulen emphasizes the importance of not overreacting to immediate economic data, focusing on analyzing the core PCE data and its implications for market health. He shares his predictions for an impending financial reset, highlights signs to watch for in the AI sector, and discusses the cyclical nature of markets. The discussion extends to analyzing the small caps, particularly the Russell 2000, and exploring investment strategies to safeguard against market tops. They delve into indicators signaling a market peak, the roles of gold and commodities, and provide insights into bonds and treasuries as part of a diversified investment approach. Chris Vermeulen also offers strategies for managing risks in volatile markets and shares his predictions for future market conditions, providing a comprehensive overview of the current market landscape and potential trends to watch out for in the future.
Gregory Mannarino suggests that we should prepare ourselves for a potential hyper-inflationary event that could occur in the near future.
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Sean Foo
May 31, 2024
In a big update, Thailand is moving fast to be the first Southeast Asian country to join BRICS. This ASEAN country wants to find bigger economic opportunities, especially with China, to grow their economy. This spells economic doom for the West & the US financial system. De-dollarization will continue to accelerate and the multi-polar world is forming fast.
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The Market Sniper
May 31, 2024
The Rise of Singapore as Global Financial Hub Amid New York & London’s Decline
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ITM TRADING, INC.
May 31, 2024
In this week’s news, Taylor Kenney discusses the BRICS coalition’s surprising membership bid from a long-term ally of the United States. This development highlights a significant shift towards reducing dependence on the dollar, with implications for global economic power dynamics and the future of international trade.
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Kitco NEWS
May 31, 2024
Jeremy Szafron, Anchor at Kitco News, interviews Chris Vermeulen, founder and chief market strategist of The Technical Traders. They dive into the current state of the stock market, exploring the potential for a ‘Financial Reset’ and the significance of the ‘Topping Phase’ as indicated by various market charts. Vermeulen discussed the pitfalls of overreacting to immediate economic data, analyzing the core PCE data and its implications for market health. Chris shares his predictions for an impending financial reset, signs to watch for in the AI sector, and the cyclical nature of markets. They analyze the small caps, particularly the Russell 2000, and discuss investment strategies to protect against market tops, indicators signaling a market peak, and the roles of gold and commodities. Additionally, Chris provides insights into bonds and treasuries as part of a diversified investment approach, strategies for managing risks in volatile markets, and his predictions for future market conditions.
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Gregory Mannarino
Streamed live May 31, 2024
(Are You Ready For It?) A Hyper-Inflationary Event May Not Be Too Far Off.
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