The often contradictory comments from Trump about tariffs leave the market confused. Despite it all, gold managed to rise this past week with a gain of 2.8%.
To say this great Gold rally has become “a bit long in the tooth” arguably is reasonable, despite it being magnificent that Gold has been garnering long-overdue notice.
Big US stocks’ profits face lots of downside pressure in coming quarters. Tariffs forcing costs higher portends eroding revenues, forcing bubble valuations even higher, increasing the likelihood of a serious bear.
Once the rally in hope peters out, the art will be in understanding the vast differences and how to navigate the options for two very different forms of economic pain.
