Price year-to-date has spanned from 5586 (our forecast high 5546) down to 4100 (our forecast low 4136), a range of -1486 points (-26.6%). ‘Course, with 179 trading days remaining in 2026, ’tis far too soon to “take credit” that we “nailed it”. But range has been nonetheless narrowing.
The US Government has a problem with its currency. The dollar was once redeemable at a fixed price ($35) for gold. But since 1971, which precipitated the first Great Oil Crisis, it’s been a faith-based fiat currency, something called the petrodollar. Essentially, the Saudis promised to accept only dollars for their oil in exchange for military protection. But now it seems that being a US ally not only doesn’t yield safety, but can turn your country into a missile magnet.
The Uranium sector is breaking upward from a bull flag/corrective consolidation channel
And even if consumers still have some borrowing power, an economy run on Visa and Mastercard simply isn't sustainable. When Americans finally hit their credit limit, it will have major implications for economic growth.
Technical stock chart updates on $AGQ, $FNGU, $GORO, $IAG, $MSFT and more.
Today we're going to look at the underlying data and find that, while the world is not ending anytime soon, there are actually good reasons for the disparity in forecasts. So, it’s okay if you’re confused. The stock market just hit an all-time high, energy is volatile...
