As the most unusual of years rolls on, Summer gives way to Autumn in the north and the stock market gets its third wind. Although subject to change at any time, since the March low, we’ve seen a second quarter rally and a June correction. Then a third quarter rally and a September correction. If the pattern holds, we’re good until December, right? No, that is far from a prediction, but who among us does not like patterns?
The election is nigh and with any luck, we’ll know sooner rather than later what we are getting for the next four years. More importantly, the cloud of uncertainty overhanging the markets will dissipate and we know they like that better.
Are you getting back to a somewhat normal life? Have you gotten a professional haircut yet? Or is your garage filled with empty Amazon boxes? Even better, have you taken advantage of all the time you saved not commuting to brush up in a new technical technique? Did you binge watch the educational videos available to members?
Association President Scott Richter has been investigating artificial intelligence and machine learning; writing about it in his monthly address here. Perhaps it is time for you to read a few articles on the subject because if the lockdown has taught us anything it is that business as usual is probably gone. You will need to know new things to keep your business growing.
John Letizia returns with this month’s feature article, which looks at another possible casualty of 2020 – the Oil/Gold Ratio. One interesting mention was the perfect storm this year for oil, as demand dried up from slower economic activity and supply soared as Saudi Arabia and Russia decided to have a pumping contest.
Otherwise, this month’s content is a little light because we were all gearing up for the India Summit that took place October 10-11. Clearly, there was no time to gather reviews and stories but we should have plenty for the November newsletter. Anyway, there is still other news to report with membership news and this month’s member interview with Michael Zuber, of Lowry Research. He is a great example for younger members, first finding TA and then finding the CMT Association.
Finally, we introduce a new occasional series called the CMT Photo Archive where we take a journey back in time to see our colleagues at events and gatherings in picture form. We may not be able to gather in person right now, but we can certainly reminisce until we’re able to again. If you have any old photos, please scan and send to us here at firstname.lastname@example.org.
Happy October to all and please keep the pumpkin spice to yourself.
– Michael Kahn, Editor
President's Letter: AI and ML - the future is now! It’s here and will grow!by Scott G. Richter, CMT, CFA, CHP
Last week, I was a participant in the annual general meeting for one of my venture capital firms. We spent a lot of time discussing future industry trends in financial technology (fintech) and to...
Second Annual India Summit Concludes Successfullyby Marianna Tessello
This past Sunday, the Association’s 2nd Annual India Summit conference wrapped up on a high note, with a discussion featuring David Lundgren, CMT, CFA and Atul Suri of Marathon Trends Advisory....
A New Normal in 2020 for the Oil/Gold Ratio?by John Letizia II, CPA, CMT, CFTe
Editor’s note – This article was written in late August, so please keep that in mind when it refers to current prices. From 1986 through 2014, West Texas Intermediate (WTI) crude oil outpaced...
Member Interview with Michael Zuber, CMTby Michael Zuber, CMT
Please tell us what you do professionally. I’m currently a Market Analyst at Lowry Research Corporation. I work mainly with financial advisors across the United States and Canada, helping them to...
CMT Photo Archiveby Michael Kahn, CMT
This is the first installment in an occasional series revisiting the Association’s history in pictures. If you have any pictures from seminars, meetings or just after work get togethers – the...
Membership Updatesby Marie Penza
Members on the Move The CMT Association would like to congratulate the following members on their new positions: Brendan McCarty, CMT, Principal at Column E Management, LLC Guy Ortmann, CMT,...
New Educational Content This Month
This month, we’ve added our webcast with Kirk Northington, CMT, as well as an informative information session featuring Dave Keller, CMT, CFA discussing the CMT Program Experience.
Scott G. Richter, CMT, CFA, CHP
Scott Richter, CMT, CFA, CHP is a senior portfolio manager for Westfield, which manages over $4B in AUM. He is the lead portfolio manager for alternative assets and is also responsible for investments in the energy and utility sectors. He was formerly the co-manager...
Marianna Tessello served as the CMT Association's digital producer from 2018 until 2021. She was responsible for the management of most of the association's front-end digital assets during that time, including social media production, current website information and updates, and...
John Letizia II, CPA, CMT, CFTe
John J. Letizia II, CPA, CMT, CFTe is a sell-side equity analyst. Prior to his time on the sell-side, John worked as a proprietary trader employing technical analysis for three years. John also has worked in both KPMG’s and Ernst & Young’s M&A Tax Practices. John...
Michael Zuber, CMT
Michael N. Zuber, CMT is a Market Analyst at Lowry Research
Michael Kahn, CMT
Michael Kahn, who holds a Chartered Market Technician (CMT) designation, is a seasoned financial services strategist, analyst, columnist, educator and speaker. Michael has been working with charts and technical analysis since 1986. He is the author of three books on...
Marie Penza serves as the Director of Member Services for the CMT
New Educational Content This Month
March 24, 2023
CMT Level III Informational Session
Presenter(s): Stanley Dash, CMT, Tyler Wood, CMT
March 15, 2023
Why the Dow Theory? Multimarket application, Outperformance, Drawdown reduction, and a 120+ years record
Presenter(s): Manuel Blay
March 8, 2023
Money and the Fork in the Road for the Year Ahead
Presenter(s): Brendan McCarty, CMT