The Meb Faber Show
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Tom McClellan - "Now Everybody Knows What Outcome Is, They Can Get Back to Focusing on Real Things That Actually Matter” | #29
In Episode 29, we welcome market veteran, Tom McClellan. Meb starts with some background on Tom – he’s been doing financial writing for 20 years, likely making him one of the longest-running financial writers in the business. The guys then provide an overview of Tom’s proprietary market tool, the McClellan Oscillator. The roots of the Oscillator date back decades ago, when Tom’s father, Sherman, was trying to develop a system by which he could better time corn purchases for their farming business. (It turns out, you can get a better price in March.)
Key Points
- Tom McClellan shared insights into the McClellan Oscillator, an indicator created by his parents that measures market breadth and can signal overbought or oversold conditions in the stock market.
- McClellan discussed the correlation between federal tax receipts as a percentage of GDP and economic recessions, suggesting that when tax receipts exceed 18% of GDP, a recession has historically followed.
- He explored the intriguing relationship between inflation rates and crime rates, noting that crime tends to increase following a rise in inflation, with a lag of about one year.
Chapters
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| 4:45 | |
| 8:37 | |
| 10:31 | |
| 15:03 | |
| 17:29 | |
| 20:22 | |
| 25:29 | |
| 26:55 | |
| 31:09 | |
| 37:55 |
Transcript
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