Markets Ready for a Bounce — Nick Santiago 5-13-22 #390

May 13, 2022 · 10m 53s
Markets Ready for a Bounce — Nick Santiago 5-13-22  #390
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 more
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 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?
show less
Information
Author Kerry Lutz
Organization Kerry Lutz
Website -
Tags
-

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search