His analysis shows that a key support level was breached in early 2022. When closing below the trend line, in his opinion, you should exit the stock market.
Nenner prepared a report on how many stocks are in an uptrend and how many stocks are already in a downtrend. In his opinion, 50% are already in a bear market. There are only a few stocks that still hold the market, such as Microsoft, Apple, Google.
Among other things, the analyst looks at the cycles of oil, the dollar, bitcoin, interest rates and the bond market. According to him, interest rates have bottomed out and, in his opinion, will rise over the next 30 years.
Nenner also believes gold will rise to at least $2,500 an ounce. However, in his opinion, some time must pass before the price of gold starts to rise. The only market that investors should invest in at present is the commodity market, he says. This is because commodities will rise for many years, according to his cyclical analysis.
As for geopolitics, Nenner explains that he doesn't expect the US to go to war with Russia. However, after the Winter Olympics in China, the conflict between China and Taiwan may escalate. In the event of Western military intervention, this could lead to a large-scale war.