Kontrarian Korner #132 - Purple Drink Capital

On Thursday I had PurpleDrinkCapital back on the podcast to talk about some of the wild moves in the market so far in 2026. If you’re seeing this on the podcast feed, you might want to switch to YouTube or Substack for the charts. We talked about the broader market and the momentum unwind of recent weeks, his view on oil and the metals, the speed of markets, and several other topics. You can find his Substack below, but you can also find him on Twitter.Podcast Summary* The momentum unwind in certain stocks in recent weeks. * Massive moves in large cap stocks as institutions chase momentum names.* Why liquidity matters and where he sees the indices going in coming months. * His view on the energy situation with the Strait of Hormuz, and why he’s focused on the oil price chart that keeps making lower highs.* Why he thinks precious metals are going to perk up soon, but will take some time to head towards all time highs. * The changes in the market that have led to faster moves.* Why tech will have to lead for the market to head significantly higher. * Why copper has been holding up better than gold and silver.* His view on bonds and interest rates.* Book Recommendation: Under The Bright Lights by Fred Katz (coming early 2027).Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.kontrariankorner.com/subscribe