Flows & Liquidity “TEAM”: Milton Berg
Milton compares the current market environment to 1929 and 1968.
Discussion
On Sunday I wrote about how I complement my own process with 4-6 traders with processes I respect. Milton Berg is one. He has a very differentiated view of markets based on a unique, historically granular lens into price action around key market turning points - when he talks, I listen.
Circa minute 50-55 of his latest interview he talks about how the speculation in markets has shifted from the traditional speculative vehicles such as ARKK to high quality companies with strong balance sheets and cash flow generation. While he may not be correct that the market is in the process of making a major top here (if inflation stays below 3% I think SPX goes to 6000-7200), he is dead on about the shift in speculative vehicles and it sets the market up for a correction of yet-to-be-determined magnitude.