Where to now for the Stock markets? To hear more commentary, see many charts, and Slim’s Short-term view, be sure to watch the video below. Get Straight into the Technical Analysis on many Top Stocks from the 9 minute mark of the video below, Including $TSLA $SCTY $UA $SPX and many more:
This was a relatively quiet week for the stock markets, as most traded in narrow ranges. However, I would not call in uneventful. It certainly was a big week in the realm of politics. I don’t’ discuss politics that often in my shows, unless I think it is very relative to the markets. That was the case this week, as it’s clear it’s going to be Hillary Clinton vs Donald Trump this coming November.
With these two as the parties’ choice, one has to wonder if narcissism is a prerequisite for running for president. And if it’s just pure arrogance, well it’s off the charts. That’s my opinion. The question is what market participants think of the prospects of one of these candidates becoming President of these United States.
To me, it seems like huge trouble brewing!
Based on the tone change in the markets, one has to wonder if investors see a coming storm. The “canary in the coal mine” might have been gold, which soared from $1047 late last year to 1306 this week. And the move upward in silver has really gained some momentum. With the weakness in the dollar during the first quarter, one can only guess that some major players are moving around money in a big way.
The stock market gave up a bit a ground this week, closing lower by about 0.5%. The weakness brought buyers back into the bond market for a few days, with treasuries popping back up to recent highs. And gold and silver just chopped around aimlessly.
The oil market tried to spurt upward again, as wild fires burned in Canada. That’s a horrible situation. Still, a possible disruption to oil from there would have minimal effects on the overall supply; make that glut.
Where to now for the stock markets? To hear more commentary, see many charts, and Slim’s Short-term view, be sure to watch the video at the top of this post, “Market Week.”