You will see more and more retailers going bankrupt as Amazon and Walmart trample the week and hurdle the dead. Seems no one wants to buy anything anymore at Malls so say goodbye to walk in shopping.
and with the Fed talking up Rate Hike in June with Retail and Oil in the dumpster - you know deep in your bones a "big market sell off could happen at anytime". And this morning we have GS saying - Stay away from Stocks. YIKES
and when GS speaks you really have to take note. Stocks ready for a "correction" the likes we have not seen in a very, very long while.
The investment professionals at Goldman Sachs are alerting clients that "equities do not look attractive."
Gold has stalled and can't break $1300 an ounce and hold over it. The longer it takes for gold to breach that number the more likely gold will flat line or possibly drop. Investors want to "make money" and you don't make money when gold flat lines. An ever bigger question for gold is the "worry that no Rate Hike in June" is already factored into to gold's price. So if the Fed punts come June gold will probably not jump higher since its already built into the equation. I'd like to be long gold here and do hold GLD but we are in a holding pattern now and I'm afraid it could be that way for quite a while. Especially if stock market keeps going up for no good reason.
you know we are at the cusp of a "serious correction". Looking for another Big Sell Off Tomorrow, since bad things always happen in threes.
Brazil collapse, Greece Default, Trump/Clinton Train Wreck, and Yellen "Out of Bullets". Still think May will be a very, very bad month for STOCKS.
and you know where there is smoke there is Fire. As Russia, Iran and all of Opec follow Saudi Arabia's lead and increase oil production (AROUND THE WORLD)..
as Emerging Markets begin to Crater with Massive Debt, Corrupted Leadership and falling currencies. And So It Begins.
so load up on Yang Monday since it could easily double as China's economy slowly sinks into the China Sea.
Emerging Market fall off a cliff this week as China pulls down everyone around them including Brazil, Australia and even the U.S. Gold going forward looking better and better.