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David Hunter
@DaveHcontrarian
Chief Macro Strategist Contrarian Macro Advisors 52 yrs on Wall Street, first as an institutional portfolio manager, then as as a macro strategist.
Joined October 2013
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    David Hunter
    @DaveHcontrarian
    May 27
    The stock market is in what I believe is a historic,final parabolic leg of a 44 yr secular bull market.I am raising some of my targets as follows: SPX 10,000, Nasdaq Comp 36,000, DJIA 67,000, RUT 4000, QQQ 950, SMH 800, gold $7000 & silver $200. My other targets remain unchanged.
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    David Hunter
    @DaveHcontrarian
    Apr 12, 2022
    A melt-up is just ahead.Likely to be the biggest,steepest rally in the post WWII era & will be a broad rally with both growth & value,large & small caps participating.Commodities,industrials,tech including FAANG,semis & ARKK,autos,airlines,steel,financials & miners will all play.
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    David Hunter
    @DaveHcontrarian
    Feb 9, 2022
    The rocket is ready to leave the launch pad.The melt-up is getting underway.Investors are about to discover what a real melt-up looks & feels like. S&P to 6000,DJIA to 45,000,Nasdaq to 20,000 & RUT to 3,000 in coming weeks & months.Growth & value,large & small cap will all play.
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    David Hunter
    @DaveHcontrarian
    Mar 15, 2022
    We are at a major inflection point & I couldn't be more bullish. Bearish sentiment is so high it looks like 2003, 2009, 2016 & 2020. This will be steeper & faster than any of those big rallies & it is just getting started.S&P to 6000,Nasdaq to 20,000,DJIA to 45,000,RUT to 3000.
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    David Hunter
    @DaveHcontrarian
    Sep 21, 2021
    In my 48 years of doing this I have never seen a bull market that was viewed with such skepticism. Any short pullback is met with a rash of calls proclaiming the bull market over & disaster ahead. That's not how sentiment will look at the top. Investors will be all in at the top.
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    David Hunter
    @DaveHcontrarian
    Feb 1, 2022
    The melt-up is underway. As I have said previously, I expect it to be a broad,steep rally with both growth & value & large & small cap playing. Semis, FAANGs, industrials, airlines, autos, commodities incl copper & steel,miners, financials & even small cap tech will perform well.
  • user avatar
    David Hunter
    @DaveHcontrarian
    Jan 27, 2022
    We're nearing the end of this correction.Sentiment is very bearish.Can still test the lows & perhaps even make lower lows but a historic melt-up is about to get underway.The economy's decelerating & the tightening narrative is peaking.S&P to 6000,Dow 45000,Nasdaq 20000 & RUT 3000
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    David Hunter
    @DaveHcontrarian
    Apr 19, 2022
    The pullback appears to be over & the market is beginning to move up out of the correction it has been in all year.Melt-up will follow. Tech looks particularly good here. Nasdaq to 20,000 & QQQ to 500. Semis were hit hard in the pullback but poised for a run to $400.
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    David Hunter
    @DaveHcontrarian
    Apr 1, 2021
    Bond rally has begun. Should see 10yr yield fall to 1.20%. The next leg of the dollar decline has also begun. Next stop 85. The metals are beginning their reversals. Gold headed for $2500 & silver for $45-$50. Equities entering melt-up phase. Nasdaq in gear & headed for 17,000.
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    David Hunter
    @DaveHcontrarian
    Jan 31, 2021
    Gold, silver & the miners are all poised for big rallies directly ahead. My targets remain gold $2500, silver $45-$50, GDX $55, GDXJ $100, SIL $75, SILJ $30+. Within this decade, I expect gold to move well beyond $10,000 & silver well beyond $300. Should be quite a ride!
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    David Hunter
    @DaveHcontrarian
    Jul 27, 2022
    No matter what the Fed decides today(75 or 100bps)the market is poised for a move higher to S&P 4150-4200 & then maybe a sharp,short pullback to 3800 before a much bigger,more sustainable rally to 6000 gets underway. The lows are in.The market not likely to undercut the June lows
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    David Hunter
    @DaveHcontrarian
    Dec 20, 2021
    I don't usually knock people but Jim Cramer makes some of the dumbest comments and he is forever doing so. CNBC treats him as a sage but he is far from it. I'm not just talking about his comments about the markets, also about gov't & politics and about COVID & vaccines.
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    David Hunter
    @DaveHcontrarian
    May 19, 2022
    We're at or near important inflection points in many markets.Rates have topped & bonds look ready to run.USD appears poised for a big reversal to the downside.Silver & gold & the miners are beginning big runs to the upside & the equity markets are bottoming & poised for a melt-up
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    David Hunter
    @DaveHcontrarian
    Feb 2, 2021
    Like I said before, ignore all the silly Reddit chatter surrounding silver. Silver is heading for $45-$50 in the next few months but it has little to do with a so-called Reddit short squeeze. Silver gapped up yesterday. Now filling in that gap. Ignore the noise.