1. Stocks rebounded after their worst week since April. The megacap space rallied, with the Nasdaq 100 up 1.5%. Despite the recent slump that had some on Wall Street bracing for a summer correction, respondents to a survey expect earnings to reinvigorate the S&P 500. Sky-high valuations and seasonal weakness have incited some pullback warnings,…
Gold is at an inflection point post-Fed with prices pulling back on improved market sentiment and lower safe-haven demand.
f there was ever a buy signal in the physical gold market, two consecutive years of record gold buying from central banks has to be it.
Gold’s upward trend above $2,000 per ounce is prompting calls for a rally to a new all-time high.
The final trading week of the month kicked off with stocks sliding on Monday, setting investors up for a losing month where much of the optimism of the early summer has fizzled into more tempered expectations of the Fed’s tightening campaign.
Investors watched this week as precious metals prices held up, with most closing out the month with gains, while stocks closed out their worst month.
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