We are still in a buy the dip market. Late August/early September should usher in a top for the major indexes with a possible double top in early October.
Gold should roll over in the next 10 trading days and start a decline into late August. We expect $1650 to hold and present a great buying opportunity. We will look at entering a DUST (miners) short in the coming 10 days.
More and more studies are now coming out declaring the death rate virtually near zero for people with no pre-existing inflammatory conditions. The at-risk population will still need to remain vigilant in the coming months. Expect restaurant traffic to continue to increase. We expect value investors to show interest in the restaurant space.
If you think Wells Fargo just sold 8 million shares of Denny's to their best institutional clients to have the stock collapse, think again. They have a plan.
A short term top may develop in crude this week between July 8-10th.
Warren Buffet’s Berkshire Hathaway made its first post-Covid investment today: a $10 billion dollar investment in the natural gas space acquiring the assets of Dominion Energy. America is not going out of business and needs energy to produce its GDP.
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