I don’t like the look of the market. Bond values are falling as interest rates rise (a little). Stocks are pulling back, though not sliding into a correction. Gold is falling and oil has fallen 3.6% over the past week and 9.5%
Short bonds yields are lower and long bond yields are slightly higher. As investments, bonds are currently unattractive. Over the past week, stocks barely moved, until Friday when it seemed like everyone decided they didn’t want to own stocks anymore.
The market is closed for the Labour Day holiday today. My outlook is a bit more cautious than in the past. Oil and gold prices appear to have stalled, and real estate looks shaky. The equity risk premium is slightly
I’m happy with my stock “forecast” for August. I predicted a 64% probability of the market finishing the month higher than it began.It rose from 14,566.65 to 14,597.95, for a gain of 0.2%. It’s not much of a gain, and