Market Talk
Since the uptick of inflation and the geopolitical effects of the attempted mass bomb attack by Iran on Israel, the stocks and market are in a kind of no man's land. The prospects of a previously thought interest rate cut by July will likely not happen.
Stock Talk
We've enjoyed a fairly nice run on some American oil and defense and gold. Today, it seems that the prospects of prolonged higher interest without a rate cut are dominating the market.
Today, the overall market has a bearish feel to it. This may continue awhile. Indeed, the Fed Chairman just confirmed interest rates may not come down as previously anticipated.
Still, some stocks or etf's to watch that have enjoyed recent gains are American oil related, defense and Gold. DVN, RTX, GLD and GLDM . There are reasons to say that these areas may continue a run. However, things don't always go straight up. They often zig zag and meander. Traders will take some gains and cut some losses in a no man's land market. Nothing wrong with managing into some dry powder.
Bitcoin is trading into scary dips leaving the question of why. One report is that the miners are selling some reserves before the halving event. Many pundits see higher bitcoin after the halving but reality and notions can subject to divergence in the future. History of bitcoin halving events point to higher bitcoin coming long term. BUT many pundits will not even venture a guess on bitcoin value. Ethereum is catching interest with future etf's in the making. This is not an all in kind of approach but maybe some here some there in small doses.
If
interested, scroll back a few posts for more coverage on any of the
above topics. In all - we use the word maybe "some", not "too much"
and play it accordingly. Remember never get arrogant in our various
notions because things do change in the market and individual stocks are
subject to many factors outside of our control.. So we try to -stay aware.
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.
_____________
