Feb 2, 2022
Summary:
It looks like the market is turning around—is the stock market
experiencing a bounce, or is this the beginning of a new rally? I
sit down and chat with Chris Vermeulen to discuss recent trends in
the markets, which are currently experiencing a knee-jerk reaction.
Most stocks are down dramatically; gold and silver getting slammed
last week, but oil is still in a strong up-trend with more room for
growth. Tune in for more on what’s happening in the markets.
Highlights:
-There is a huge selloff in the SP500
-Right now, it’s a knee-jerk reaction bounce, and the resistance
area needs to be overcome
-Buying the dip is not always the safest plan, and the markets are
showing signs of fatigue
-Most stocks are down dramatically
-Rising rates are good for value stocks
-Gold and silver also got slammed last week; gold had a great
defensive play, but then hit a threshold
-Vermeulen thinks that gold and silver are eventually going to run
to the upside
-Oil is in a strong up-trend; there is great demand for oil
-Bonds and yields will most likely reverse a bit
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