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Chris Vermeulen of The Technical Traders provides an update on what to expect in the coming weeks.
To learn more about Chris and his services check out his website
https://thetechnicaltraders.com/memberships/aff/go/jcbloor
Here’s a summary of the video "Chris Vermeulen Latest on S&P Gold USD | Jimmy Connor":
Current Market Environment:
The S&P 500 and NASDAQ are in a long-term bullish phase but face short-term corrections. A potential rally of 5-7% (S&P) and 11% (NASDAQ) is expected before a significant pullback of 16-20%.
Economic Uncertainty:
Factors like inflationary policies, a strong economy, and mixed signals from the Federal Reserve have increased market volatility.
Interest Rate Trends:
Interest rates, after a 40-year decline, are showing a bullish pattern and could rise significantly, potentially to 8% or higher, which would negatively impact real estate and the stock market.
US Dollar Strength:
The USD remains strong, nearing all-time highs against other currencies, including the Canadian dollar. A further rally is anticipated, impacting multinational companies and contributing to global economic challenges.
Canadian Dollar Weakness:
The Canadian economy is weaker than the US, with high exchange rates making international travel and imports costly. Real estate prices in Canada are expected to drop sharply due to mortgage renewals at higher rates.
Gold Market Outlook:
Gold has been strong despite a robust USD. It is nearing its cycle targets, with a potential final spike to $3,500 before a correction and reset, presenting future buying opportunities.
Global Economic Implications:
Rising USD and interest rates could lead to a global recession. Multinational companies, especially in the US, may face profitability issues, layoffs, and cost-cutting.
Real Estate Challenges:
Both the US and Canadian real estate markets are under pressure. Rising mortgage rates in Canada and surplus housing are expected to cause significant price declines.
Investment Strategies:
Chris recommends rotating assets, favoring cash (USD) in the short term, and preparing for opportunities in gold miners and silver after market corrections.
2025 Predictions:
The year is expected to bring volatility with potential trade wars, global economic shifts, and significant policy changes in the US, potentially affecting markets further.
Chris also shared details about his Adaptive Compounding Strategy for navigating these volatile times.
WAIVER & DISCLAIMER
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