A Dour Mood Casts Market Shadows

       

Market Talk

This is a quick update to note the obvious — the market has turned ugly.

Many of the big names have started tumbling on concerns about capital expenses tied to planned AI buildouts. Jobs numbers are creating worries about hiring slowdowns and sudden layoffs. Add geopolitical tensions and national angst over border enforcement to the mix, and it all adds up to a more dour mood.

The old saying “priced to perfection” is hitting stocks that report good earnings but questionable outlooks. Intel is an example.

Stock Talk

During times like these, sometimes the best approach is a small position — or no position at all.

One remaining area of interest here is gold. Silver has become more uncertain, as its volatility may be reflecting concerns about a possible economic slowdown. At the same time, some of the recent swings may simply reflect misplaced views on future demand and temporary market distortions.

Either way, it can be difficult to sit through, and profit-taking becomes another factor to manage when holding long positions.

One stock on the Jones list that remains interesting is Kinross Gold (KGC).

Miners are not getting much respect. At the same time, elevated gold prices could become a catalyst with coming earnings. As pointed out in past posts, back-of-the-envelope earnings estimates continue to support current share values and a possible breakout.

However, the recent dour mood and losses in other stocks can spill into even very good names and create volatility.

Regardless, based on fundamentals alone, Kinross remains one of the better stocks to watch in this troubled market.

- Jones Report

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If interested - scroll back and view notes on other stocks, we watch here at the Jones report.  Why not? With the caveat that things change and we try to stay aware - It's all FREE to read and make your own calls and decisions.  Finally - maintain some dry powder and trade or invest according to your own due diligence.

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More later so ....Stay tuned, if you dare!

For now, we close by noting that any view on the market and stocks on any particular day may change in the days to come. That is why we watch and see how our views match up with reality.  Looking ahead a few months may be a way to do things - but thinking too deeply about world events and the recent alliances forming, can make projecting ahead a dicey endeavor. 

All in all - we use the word maybe "some", not "too much" and play it accordingly.  Never get arrogant in our notions because things do change - and individual stocks are subject to many factors outside our control. So, we try to -stay aware.

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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ALL in my humble opinion, scroll down and read more.This site does NOT make Buy / Sell recommendations.
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