In this featured presentation, Samantha LaDuc joins the Canadian Association for Technical Analysis (CATA) to discuss how she combines macro “backdrop” with technical analysis, using cross-asset (intermarket) relationships and sector rotation to judge market direction, how strong a move might be, and how long it can last across different timeframes.
She argues the big trade has been a rotation into precious and industrial metals (“metals are the new oil”), driven by dollar debasement/de-dollarization and tight supply, while oil has been a “short the rip” theme due to weaker global demand and bearish long-term technicals.
Samantha explains how she uses longer-term charts and ratios (gold vs S&P, gold vs silver, growth vs value, small caps vs S&P) plus positioning/breadth indicators to spot inflection points—like the recent shift from growth leadership into value/consumer cyclicals—and to avoid chasing crowded moves.
In Q&A, she says margin rule changes are less important than shocks like yen intervention, rate volatility, or VIX spikes; she’s constructive on banks while the yield curve stays steepening, cautious on crypto versus gold, bullish industrials as inflation proxies, and warns platinum looks dangerously parabolic while palladium appears earlier in a healthier catch-up trend.