Mining Stock Daily TACO Tuesday and Managing the Equity Rally with Tony Greer
8 snips
Mar 31, 2026 
Tony Greer, macro strategist and founder of TG Macro, breaks down the big equity pop and where resistance may lie. He discusses energy as a portfolio hedge amid geopolitical risk. He also covers the subtle gold and miners bounce and the mechanics behind recent market rotations. Short, sharp takes with trading discipline at the center.
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Outside Reversal Explains The Big Bounce
- Short-term S&P bounce is justified by an outside reversal after a ~15% pullback.
- Tony expects the S&P to run into moving average resistance around 6700–6800 and likely fail there.
Iran War Pushed Energy Into The Lead
- The Iran war only shifted the bull-market leadership by adding energy to the natural-resources rally.
- Tony sees energy and resources absorbing capital coming out of tech because higher oil pressures miners and creates a resource-nationalism theme.
Tech May Have Reached Its Peak
- Tony believes technology has likely peaked and the MAG7 may have topped before a natural-resources bull market.
- He points to Facebook/Meta's missteps as an example of structural weakness in big tech.