While I greatly encourage Clients, friends, and followers to follow me on my “X” page, I am going to use this blog post to sum up where I stand on the financial markets I follow.
U.S. Stock Market – From my April 25, 2025 blog post:
Special Note – I do believe this stock market rally can correct much of the downside damage done. However, I view it is a gift from God in my book for those still greatly overweighted in general U.S. equities to lighten the load, considerably. Trump and crew are masterful market influencers, so it may go farther then I give them credit for. But don’t look a gift horse in the mouth if it does make up much, if not all the losses in the decline, and be doing only this when it hits greed again:
Given the fact that Trump said this earlier today, “BETTER GO OUT AND BUY STOCKS NOW”, and we hit this today:
I believe this greatly pumped countertrend rally has basically run its course. From here, it looks like to me it has 5% upside and 25% downside potential.
U.S. Bonds – While most will spend time on FED actions, the economy, and other important factors that influence interest rates, I believe one picture says a thousand words and it’s not good for those who think interest rates are heading much lower:
With gold’s 200-Day M.A. currently at $2,825, the current price near record difference of 20% higher from M.A., and RSI and MACD still at very overbought levels, I suspect a broad trading range is most likely into at least early Summer. But it’s healthy and needed for those of us who still think much higher prices for gold are likely. I am much more attracted to Silver these days then virtually my whole career. However, it should stay in a trading range too until early summer. Copper is doing just fine.
I was to travel to West Virginia next week but that trip had to be postponed. I’m still basically taking the week off and if need be, will make comments just on my X page.
