Today, Joe Terranova and Stephen Weiss, Founder, Short Hills Capital Partners commented about whether GOOG, GLD, MU, 000660.KS, AVGO, PFG, ECL, CRWD, FCX, SPG are stocks to buy or sell.
Yes, unless it isn't ; Depends what the post from Truth Social is at 3 am. The most likely scenario is that we're through this particular bizarre phase. Whatever "exogenous shock" is going to hit the market probably won't be Iran, but could be something totally different. There will be a bit of a hangover in the markets, just because after these traumatic events everyone's on a sort of mental high-alert.
Energy prices will probably continue to come down. Neither the US nor the president has any appetite to renew hostilities with Iran, as Trump really is looking down the barrel of the midterm elections. A lot of what happens in US foreign and domestic policy, as well as monetary policy, will be governed by the looming elections in early November. Those could determine whether Trump can continue to run things the way he has been, and he's going to do everything possible to achieve his desired outcome.
In real estate, SPG stands out with a generous share buyback program and making strategy buys of other companies. Is best of breed on malls RE.