All Signs Point To Inflation. So What's up With Gold? | | |
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The $1.9 trillion stimulus has been approved as expected, but we're getting closer and closer to reopening. The Federal Reserve's money-printing strategy has us at inflation's door. So what does that mean for the markets?
Let's start with commodities and discuss trading gold when inflation is rising.
First, let's address the frenzy we're seeing in the stock market. With all of this extra stimulus and nothing to do, people are trading a lot. That's all well and good... until you get stomped.
We started to see that even last week as the Nasdaq entered correction territory. Then another big move followed the jobs report, so we gave you a little trading advice.
WealthPress Senior Strategist Roger Scott said during our Monday morning roundtable that he was staying away from big-name tech stocks as the Nasdaq pulls back. Instead, he's looking in other areas. | | |
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