Contrarian trader: Stocks to see major rebound soon, here's the 2023 outlook –

In the short-term, the S&P 500 is due for a rebound, breaking away from its bearish trend this year, said Jason Shapiro, chief strategist of Crowded Market Report. Shapiro spoke to David Lin, Anchor of Kitco News.

Follow David Lin on Twitter: @davidlin_TV (
Follow Kitco News on Twitter: @KitcoNewsNOW (
Follow Jason Shapiro on Twitter: @Crowded_Mkt_Rpt (

0:00 – Market sentiment
4:30 – Recession
7:19 – Housing
9:46 – Inflation and Fed
13:26 – Financial sector
14:14 – Contrarian trading
17:00 – Next bear cycle

#stocks #inflation #economy

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49 thoughts on “Contrarian trader: Stocks to see major rebound soon, here's the 2023 outlook –”

  1. Hmmmm… he's a contrarian when the herd invests in a certain direction, yet he follows the herd mentality when he sees them spending money. Not sure how well this has aged after Powell's hawkish words today…

  2. Daym, this guy was spot on on his calls. The market is rallying now and financials seem to be doing well at least in the short term. I agree that if we have a recession it won’t be till at least second quarter.

  3. The Fed is no doubt at fault when they were too slow in controlling inflation in the beginning and now they are trying to do extreme catchup. The pandemic, the supply chain issues, and the Ukraine war all contribute to this perfect storm of brewing inflation. Don't forget the big spike in housing prices, that's another reason the Fed is having a hard time-fighting inflation. All in all, cash in king now and milk that high savings rate if you got the cash. Good times will only last so long and bad times will fade. My advice to anyone feeling the heat in this inflation just trades long term more than ever, I have made over 587k from day trading with FLOYD JOHNSON in a few weeks….

  4. I'm long gold, silver, uranium, copper, platinum, and building a short position on the S&P500. If the broad market goes up my metals will likely go with it, if the market goes down, metals will go down with it for a while, but metals will turn up quickly before the broad market should we get a bull market in metals as I expect. My S&P short is insurance. This all about building a position that's all. Now I think I'll have a bowl of soup.

  5. My issue with the thought process of tightening and getting money under control is yea they tightened 80-100 bil a month all year but then just okayed an almost trillion dollar defense package with currency they dont have so that basically wipes out every bit of that tightening instantly.

  6. Never seen anything like it? The hell is he talking about I'm in stores all the time so because a couple of restaurants have a lot of people it means things are great? That's his data analysis

  7. I'm sorry but this guy's all over the place. He articulated no reason for his position other than other people are predicting a recession and they might be wrong. And he doesn't see signs of a recession!

  8. I just take it day by day. I have no problem exiting a position and buy it back the next day. Protect capital is the most important thing to keep you able to stay in the market

  9. I totally agree with him. Everywhere I go, it’s freaking crowded and people are still spending like there is no tomorrow. Costco was a zoo and Nordstrom’s was a zoo too. Then I went to chipotle and waited in a huge line. I don’t see people cutting back here in a California

  10. 23, It's no longer a story that the world is experiencing a global economic downturn, I'm so happy that I've been receiving $64,000 from my $15,000 investment every 8 days

  11. Eight social media influencers have been charged by the The Securities and Exchange Commission involving $100 million in securities fraud.
    It is alleged that the group used a “pump and dump” scheme to manipulate stock prices using social media platforms, aided by podcasters touting stock-trading.

  12. Jason Shapiro is positions talking! Don’t believe a word he says in fact just do opposite of whatever fk he say this g uy is a fake

  13. Sentiment has zero effect on whether there will be a recession, If anything, negative sentiment makes a recession more likely. Sentiment does not even affect stocks as much as it used to. Liquidity has a much bigger impact now. The money supply is shrinking. Never buy stocks when the money supply is shrinking.

  14. Great questions, good answers. Allways interesting to listen to a contrarian – at least in the markets we still have free speech.

  15. A Santa rally is highly unlikely Lin. Fed tightening is no joke and unabated quantitative tightening (QT) will continue to adversely affect Wall Street. Especially the bond markets.

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