As stocks consolidate recent gains, the price of Gold (NYSEARCA: GLD) continues to rise sharply.
This comes as the Federal Reserve signaled a softer monetary policy in their latest meeting. Lower interest rates and a weaker dollar are sparking gold prices higher and have put a general bid under the S&P 500 (NYSEARCA: SPY) of late.
In today’s video we discuss current market dynamics and themes and select stocks and sectors we like. Here’s a recap:
– Market waiting for new information
– Gold is going through the roof
– Resistance is not futile! SPX held at 2950
Stock Market Today Video – June 25, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
