Name: The Worst Panic in 4 Years Just Happened. Here's Why Milton Berg Is VERY BULLISH on Stocks
Uploaded: 2026-08-12T19:52:26+00:00
Duration: 5171 s

Speakers

Milton Berg — Founder, MB Advisors

Jack Farley — Host, Monetary Matters

Summary

Milton Berg discusses why he turned 100% long after the late-July panic, arguing the S&P 500's positive divergence and his April buy signals support higher equities despite major caveats. He is long KOSPI/EWY, Russell 2000, S&P MidCaps, Nasdaq 100, SOXX and S&P 500 after covering shorts around July 29-30. He warns of possible exhaustive gaps and a retest of crash lows in KOSPI, Nasdaq and semis, and he remains bearish on gold, silver, GDX and long-duration Treasury bonds.

S&P 500 held above its June low while Nasdaq 100 and Philadelphia semis made new lows, a positive divergence.
Portfolio is 100% long across S&P 500, Nasdaq 100, SOXX, KOSPI, Russell 2000 and midcaps after covering shorts on July 29-30.
April buy signals project higher S&P 500 levels, with many model targets well above current prices.
KOSPI fell about 44% in 27 days; he expects a strong multi-month rally but likely a retest of the lows.
Nasdaq 100, KOSPI and semis show possible exhaustive gaps and short-term top risk around the current cycle week.
A KOSPI move below the July 29 intraday low would be very bearish.
He sees gold, silver and GDX in a long-term bear market despite tradable rallies.
He expects 30-year Treasury yields to normalize to 6-8% and would not hold long bonds.

Ideas

Milton Berg Founder, MB Advisors 1:43

S&P 500 long on positive divergence.

Positioned roughly 50% long S&P 500 via SPY after covering shorts on July 29-30. S&P 500 held above its June 9 low while Nasdaq 100 and Philadelphia semis made new lows, a positive divergence; S&P 500 also broke above its prior all-time high on an upside gap, which he says is a very bullish pattern that follows through roughly 80% of the time. April buy-signal models also project higher S&P 500 levels.

Milton Berg Founder, MB Advisors 1:47

KOSPI long after 44% crash.

5% long KOSPI/EWY after the Korean index fell 43.93% in 27 days into the July 29 Montgomery cycle date with panic liquidation and margin selling. He argues the crash low most likely leads to a three-to-five month strong upside move, though a retest of the lows is quite probable.

Milton Berg Founder, MB Advisors 1:55

Russell 2000 long on momentum thrust.

Nearly 10% long Russell 2000 as part of oversold bounce positioning after covering shorts. The Russell 2000 had its greatest 10-day rate of change in five years off the March low, a momentum thrust that historically has preceded higher prices.

Milton Berg Founder, MB Advisors 1:57

Nasdaq 100 long after panic low.

After the crash lows, he is watching for a possible short-term top this week due to Montgomery cycle dates and exhaustive upside gaps into recovery highs in Nasdaq 100 and KOSPI. Best case is a retest of the July lows, especially KOSPI and SOXX, within the next month or two.

Milton Berg Founder, MB Advisors 2:01

SOXX long after semiconductor crash.

20% long the Philadelphia semiconductor index after it lost over 20-28% into the July 29 low following a more than 100% run from March; he got into the losers because they were way oversold, panic selling should produce at least a short-term bounce, and if the July intraday low holds the recovery can continue.

Milton Berg Founder, MB Advisors 12:15

Gold and silver in long-term bear.

He is not long gold, silver, or GDX and sold near the January 29 high. Long-term valuation extremes versus crude, soybeans, housing and CPI argue a major multi-year/long-term top; he expects rallies within a long-term bear market but no new highs, and gold, silver and GDX likely peak again this week and trade back down.

The Worst Panic in 4 Years Just Happened. Here's Why Milton Berg Is VERY BULLISH on Stocks

Summary

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