Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Gordon Reid and Jim Cramer - Mad Money commented about whether FLNG-N, CVX-N, MP-N, FDX-N, HON-N, MRK-N, TECK.B-T, MS-N, META-Q, FCX-N, KHC-Q, LOW-N, HD-N, BLK-N, CAT-N, MELI-Q, ADBE-Q, INTC-Q, TSLA-Q, DY-N, CVX-N, BAC-N, C-N, BAC-N, JPM-N, UBER-N, BA-N, PFE-N, ETN-N, MRK-N, MA-N, V-N, GOOG-Q are stocks to buy or sell.
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In the last few days during all these tariffs, there's been a sudden, aggressive surge in treasury yields. That's probably a key reason why Trump shifted policy on tariffs today. The 10-year yield jumped from 4% last week to 4.3% which is a very big move. That is not supposed to happen when the stock market is stressed. We don't want these rates shooting up. Bad. The spike has been counter-intuitive due to selling treasuries. Keep an eye on this. This quirk should fizzle out though, especially with this 90-day tariff pause.
Garner feels that gold is very overvalued, not this bad since summer 2011 during the debt crisis. But gold plunged 45% from its euphoric high. If that happened now, gold would fall to $1,650/ounce. Historically, gold falls in and out of periods of correlation with other assets, namely stocks. When gold breaks out, then falls below support, this is a bull trap. Recently, we saw a euphoric peak above $3,000. A breakdown below $2,900 opens a trap door downwards. A gold rally has never survived an RSI reading above 70 without a correction. And this has happened 3 times over the past decade. She expects gold to fall.
He's so bullish on copper, recently added this to the portfolio.