Straight Talk
This post comes from an "independent". The way to peacefully demonstrate in America is to VOTE for candidates that support the policy you believe in. The country seems to be spiraling into a "progressive" new America- being fostered by so called "democrats" with hidden socialist manifestos. The news reports that now America is seeing rise in Chilean "visitors" coming into affluent neighborhoods and raiding homes.
Yes, America is changing and is it for the better? And do we remember who set the "tone" for such lawlessness. Back in the summer of 2020 when the police stations were being fire bombed, who pursued defunding the police and placed bail for the very perpetrators the democrats called "peaceful demonstrators". Many thinking Americans may look at what we have now with "progressive" actually regressive open border policies. and why?? Is it all to change America into a one party socialist country with paid off votes? yikes!
Are there enough thinking Americans that will vote in November to make a change? Either way, it may not be an easy future coming our way.
Moving back to stock talk.
IBIT and Crypto : Today we see a correction happening in Crypto. The main two crypto's we watch are bitcoin (BTC) and Ethereum (ETH). The recent new ETF's that are based on spot etf are also seeing a quick correction today.
Here are some predictions seen on the net. Some Crypo pundits are saying that the correction range of BTC may be $62K to possibly $55K. take for example IBIT. That would put IBIT correcting to about $35 to $31 ranges. How the future plays out is anybody's guess but that's an equivalent range based on some current thinking. It is thought the Bitcoin halving event in April may limit deeper corrections than $55K ish range. And some say when Bitcoin bounces it could pass the high of $73K easily. Well, what some "say" and what happens is yet to play out. The above is just a stab at making some sense about the current swings. On a final note about BTC and ETH, these can be volatile. There is a strong segment of believers in "DeFi" that practice "HODL" meaning "hold on for dear life." This is because they believe that ultimately both BTC and ETH could be headed much higher. Looking at the way the world is headed, it seems possible. We use the words "just some" on any particular notion in the markets.
Gold: Yes, Gold is near an all time high
so maybe not too much, but a just a few shares of an etf such as GLD
may be a way to hedge the new world we are being handed. Maybe about 5
shares of GLD may be right to start a position in gold. Why $ 5 shares? It's just an example to say a portion. Like say, for example, you are feeling bullish on Gold and you were thinking of buying 20 shares of GLD. If that is an initial position, it may be better to hold back and buy 5 shares and wait to see. How many times do we like a stock and buy, only to watch profit taking? Still, starting a long term position in some Gold may stem off inflation. A $7 Trillion budget is in the hopper?
Raytheon (RTX): RTX is gaining traction in stock price with more analysts raising predictions of over $100 share price to $130 range. see past posts on RTX. There are many divisions of Raytheon and it is recognized no one "notion" tells the whole story. BUT, the overall picture of RTX being a key component of American strength makes it attractive as a "some stock". RTX is now in the 90's suggested here in the 80's makes it just a some stock because to buy just ten shares will now cost $942 as of this post. Once a stock gets over "par", the $100 mark, it sometimes has a way of gaining momentum. We call that "momo" on good "juju". Time will say if Raytheon hits and passes "par". The trajectory is looking strong.
Intel (INTC): Nividia takes the air out of the room with AI chips. BUT oberlooked Intel is quietly building a foundry to advance the semiconductors needed in the future here in America. Are you reading this post on a PC? PCs and CPU's that Intel powers are not going away especially as more people work remotely. INTC is a back burner stock to watch, maybe buy some dips here n there.
https://finance.yahoo.com/news/intel-chip-foundry-ai-age-052452646.html
Devon Energy (DVN) on the move higher. big $ is reported to be buying.
Dry Powder: The new world we are moving into means that volatility will likely remain. Keep some powder dry. Nobody rings a bell and this site does not make buy or sell recommendations
For now, we close by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time. But trying to look ahead a few months into the future may be a way to do things. If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. With all the above caveats and attempted prognostications, I will close this post.
Stay tuned for more opining on the market and stocks to watch.
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