Not sure about buying and holding stocks right now?
Me neither. The market is pricey. Meanwhile, the potential downside looks dicey. Mr. and Ms. Market seem fixated on rate cuts this year from the Federal Reserve. If we don’t get them, look out!
We may not see rate cuts in 2024 if inflation continues. And right now, crude oil prices are popping. Consumer prices are unlikely to cool while oil is high.
But, on the other hand, the Fed is engaging in quiet QE. Gold has sniffed it out and rallied. Bitcoin, too, is going bonkers.
Cash is destined for the trash bin if the market continues to defy gravity and levitate higher.… Read more
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