Chris joins the Wealth Research Group to discuss hot sectors and those that are lagging. A case can be made for the price of Gold stalling if a huge stimulus package comes forth as a rally in the stock market usually results in money moving out of Gold and to Stocks. However, a large stimulus package may also put pressure on the Dollar from a longer-term perspective, making Gold a more attractive asset. This could result in a situation where both Gold and Equities climb, similar to what we saw with Bonds climbing with Equities in January and February.
CLICK ON THE IMAGE BELOW TO WATCH THE VIDEO
LEARN MORE ABOUT CHRIS’S LONG-TERM SIGNALS AND SWING TRADE STRATEGIES AT TheTechnicalTraders.com
- The British index has updated the historical maximum. Oil lost 5% over the week May 3, 2024
- US Fed tilts towards a rate cut despite the postponement. HKMA left the rate unchanged at 5.75% May 2, 2024
- Brent crude oil hits seven-week low May 2, 2024
- Target Thursdays: USDJPY, Copper & EURCAD May 2, 2024
- WTI oil declines on rising inventories and negotiations between Israel and Hamas. Rising unemployment in New Zealand may force RBNZ to start cutting rates earlier May 1, 2024
- Bitcoin stumbles below $60k ahead of Fed May 1, 2024
- Expert Says Now Looks Like a Good Time To Buy This Renewable Energy Stock Apr 30, 2024
- Optimism over corporate earnings is fueling stock indices. The Hong Kong index reached a 5-month high Apr 30, 2024
- FXTM’s Copper: Hits fresh two-year high! Apr 30, 2024
- European indices grow on the ECB’s “dovish” position. Quarterly reports of mega-companies support the broad market Apr 29, 2024