Milton Berg: I Have Evidence Market Has Likely Bottomed | Why Milton’s Long Semis, Korea, Nasdaq, and More (With Caveats), and Why He Thinks Gold has made a Multi-year Top

Market technician Milton Berg utilizes data-driven analysis to identify turning points in global equity markets, prioritizing historical statistical rarities over subjective chart patterns. Currently positioned 100% long, the strategy relies on a series of buy signals generated in March and April, alongside a significant panic low identified on July 29th. While the S&P 500 shows bullish momentum, divergences in indices like the Nasdaq 100 and Philadelphia Semiconductor Index necessitate caution regarding potential short-term tops. The methodology, which models every market bottom since 1957, suggests that while stock markets exhibit V-shaped bottoms, they often form rounding tops. Furthermore, gold and silver are viewed as being in long-term bear markets, with recent strength considered mere retracement rallies. Bond yields are anticipated to normalize toward 6-8% as the economy adjusts to historical interest rate levels.