In this segment of What’s Ahead, I point out why the recent rise in the price of gold signals caution for the stock market. Clouds on the horizon include the rise in Covid-19 infections, which will slow the reopening of the economy in several states, and the real damage a Democratic sweep in November would do for the economic recovery because of the party’s program of sky-high taxes and growth-crushing regulatory burdens on businesses. Another uncertainty is whether the next stimulus bill will do more harm than good.
Bottom line: no new money for stocks, except in your retirement plans (where you should always continue making payments).
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