Tue, 4 June 2019
Eric Hadik is predicting a 3 month correction but what comes next? Perhaps some consolidation and getting ready for the next decline. NASDAQ and Tech Stocks plunged but stopped at support. A little short term bounce and then it's on to another sell-off down the road, with some whipsawing in between. Gold's been up a bit and may well continue on until the summer. Oil was down as expected. Interests rates have been headed down also as expected. We may have hit cycle lows there as well. Dollar, continues strong with perhaps a slight decline from current levels. Time to sit back and wait for the next major move. It's probably several months down the road. |
