Mr. Gartman has been directly involved in the capital markets since August of 1974, after his graduate work at the North Carolina State University.
He was an economist for Cotton, Inc. in the early 1970's, analyzing cotton supply/demand in the U.S. textile industry. From there he went to NCNB National Bank in Charlotte, North Carolina where he traded foreign exchange and money market instruments. In the late 70's, Mr. Gartman became the Chief Financial Futures analyst for A.G. Becker & Company in Chicago, Illinois. Mr. Gartman was an independent member of the Chicago Board of Trade until 1984, trading in Treasury bond, Treasury note and GNMA futures contracts. In 1984, Mr. Gartman moved to Virginia to run the futures brokerage operation for the Sovran Bank, and in 1987 Mr. Gartman began producing The Gartman Letter on a full time basis. He continues to do so today.
Clients of The Gartman Letter, L.C. include many of the leading banks, broking firms, mutual funds, hedge funds, energy trading companies, and grain trading companies. Mr. Gartman has lectured on capital market creation to central banks and finance ministries around the world, and has taught classes for the Federal Reserve Bank's School for Bank Examiners on derivatives. Mr. Gartman served a two-year term as an outside Director of the Kansas City Board of Trade from 2006-2008. He has been a member of the Suffolk Industrial Development Authority, and now serves on the Investment Committee of both the University of Akron and the North Carolina State University. Mr. Gartman appears often in financial media discussing commodities and the capital markets, and speaks before various associations and trade groups around the world.
Copper's downward trend foreshadows a stock market collapse, according to Societe Generale's bearish strategist Albert Edwards, who said equity markets will riot "Japan-style."
2013 has been a mixed bag for commodities thus far. Dennis Gartman of The Gartman Letter, discusses the more than expected amount of corn found, where gold is headed, and how to play commodities now. Also, hold or fold Best Buy, Hewlett-Packard and Micron?
Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”
Andrew B. Busch is the founder of andrewbusch.com.
Managing Director and Chief Investment Officer, Bessemer Trust
Director, Senior Foreign Exchange Sales at UniCredit AG
Editor and Publisher, The Gartman Letter