Is the glitter off gold? Is the secret out on crypto? If those two assets slid, then where did it all go? Time to go On The Markets.
This week on our latest episode of On The Markets. with Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Sonoma Wealth Marketing Director Dano Weir. They look at:
• Gold taking a significant tumble this week, despite a series of charts that show it’s significant performance recently, does this mean it’s topped?
• Silver getting SMOKED.
• The President made clear his nomination for the next Fed chair- what could that mean about future interest rates if confirmed?
• Is Elon a modern-day Robber Baron? His net worth sure lines up right.
• S & P holding it’s own after briefly 7000.
6:58 BlackRock cuts private debt fund
11:22 The President will nominate Kevin Warsh for Fed Chair- what does that mean for interest rates?
14:05 Investor sentiment
15:50 How much are people saving?
17:40 Rate cut?
19:53 The dollar in previous Bear Markets
20:42 International vs. US over the decades
21:35 S&P vs. Emerging Markets
22:13 US Trade deficit
23:13 Commodities
27:00 USD is falling in foreign exchange reserves
28:20 US stocks measured in gold
29:00 Were we due for a pullback in gold?
34:30 What’s happening in oil
38:49 S&P 500 this week
41:00 S&P heat map
44:00 Silver and Gold
54:45 Bitcoin looking precarious
References:
https://www.today.com/food/news/chocolate-companies-cut-back-on-cocoa-rcna248192
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Audio also available on
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