Markets Ready for a Bounce — Nick Santiago 5-13-22 #390
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
1. The Senate is finalizing the $1 trillion infrastructure bill. This could be voted on later this week. This bill still has to get through the House of Representatives, so...
show moreThis bill still has to get through the House of Representatives, so it could be a while before anything final takes place. Either way, the markets love debt and easy money.
2. The semiconductors ($SMH) stocks are strong again today. As long as this industry group holds up there is usually nothing wrong. When this important sector turns down then there are usually big problems ahead for tech and often the broader markets. Thi sis something that I use as a stock market barometer.
3. Gold down slightly but not out yet. Not quite ready to back up the truck, but that day is a ways off.
4. Bitcoin was down below 30k but now is trading slightly above. It’s not out of the woods yet, more weakness to come?
Information
Author | Kerry Lutz |
Organization | Kerry Lutz |
Website | - |
Tags |
-
|
Copyright 2024 - Spreaker Inc. an iHeartMedia Company