The economy has been slowing down in the past 12 months. What we are experiencing now is what we have experienced over and over again after a period of economic weakness.
Commodities, including gold and oil, are slumping. Their weakness has had a negative impact on the companies (and countries like Brazil and Australia) which have benefited from rising commodities.
Bond yields are also declining, responding to slower economic growth, lower commodities, and lower inflation -- eventually.
The dollar is strengthening as international investors recognize the USA is the place to be.
Stocks will respond to these positive developments and stage the long awaited rise.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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