Where yours truly stands today:
Overall – Thanks to many treating the Trump win as the “Second Coming”, we finally have seen the long awaited “Melt-Up” that is now obvious the “Don’t Worry, Be Happy” crowd on Wall Street loves.
The honeymoon for Trump will be aided by the period between Thanksgiving Day through New Years’ Day, that I have coined “Say No to Bah-Humbug Advice” time. Any and all prudent concerns are tossed aside and instead the great fable, a “Santa Claus Rally”, is spoken of over and over again.
Meanwhile, Peter “Grinch” Grandich says:
U.S. Stock Market – After melt-up phase, I would want to find most positioned just in Index Annuities come 2025 and/or holding non-U.S. equities.
U.S. Bonds – Keep “both” eyes on the 10yr. T-Bond 4.50% yield level. Rises above it is the #1 concern for stock bulls. I remain in just one-year T-Bills and CDs.
Gold and Silver – Thankfully caught the virtual top in both metals by seeing the correction ahead of time. A much needed pullback is basically done, with only a small chance of seeing anything below $2,500 on gold. There’s no near-term catalyst either to vault it back up right away, so a trading range for at least the balance of the year is most likely.
Copper – Absolute picture-perfect correction to $4 and bounce hard off of it. $5+ in 2025 is my slogan for it.
Mining Shares – Selective majors and mid-tiers are okay to start nibbling at again. Large-scale M & A in 2025 is coming.
Junior Resource Stocks – Grandich is so overloaded in this sector that he has a sign over his desk – sink or swim (happy marriage or divorce).
Oil – Have long felt under $60 was likely so still no real interest in it.
U.S. Dollar – Long term, DOA when BRICS get to full throttle within next 3 years. Meanwhile, with U.S. interest rates staying relatively high while other major currencies are heading lower, it should at least hold its own.
BITCON – They will never make a pole bigger enough for me to touch the greatest hyped investment product of all-time.
Peace Be With You! – Peter
