[WATCH] Closing Bell — Rates up, Stocks down
In today’s Money Weekend, there is a strong case that we’re witnessing a slow topping formation before a more substantial sell-off.
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In today’s Money Weekend, there is a strong case that we’re witnessing a slow topping formation before a more substantial sell-off.
In today’s Money Weekend, the price action this week has increased my conviction that the January rally may turn out to be a lot of hot air and the long-term downtrend could reassert itself. Watch the Closing Bell video for key levels that will reaffirm the bearish outlook or suggest a possible bullish turn.
In today’s Money Weekend, bullish news is coming in thick and fast with China reopening and hope in the Fed halting on rate rises. But the papers tend to just reflect the recent past rather than assess current and future conditions. Watch the Closing Bell video to see why I think the long-term trend still remains bearish at the moment.
In today’s Money Weekend, the Fed’s rate rise decision and Powell’s follow-up Q&A was slightly less hawkish than many expected, and stock and bonds have rallied as a result. In today’s Closing Bell video, I set out all the levels you need to keep an eye on as to whether the picture turns more bearish or bullish in the future.
In today’s Money Weekend, the charts are looking very bullish for gold, so investors should expect a buying opportunity for gold stocks. That said, in the Closing Bell video, I take you through key charts that show some stiff resistance for tech stocks. Watch now…