Jim welcomes back technician Gary Dorsch, editor of Global Money Trends. Gary comments on the remarkable turnaround in the market in three weeks since the 5% drop after the Brexit announcement. This bull market has now lasted seven and half years, the second longest all-time. Despite stretched valuations in the S&P 500, Gary sees the market poised to move higher, within the framework of small corrections. “We could see Dow 20,000 within a year.” The main reasons are very high levels of corporate stock buy-backs and a “tsunami” of monetary stimulus and global liquidity that continues unabated. Gary is also bullish on the gold market and gives his outlook on oil as well. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, and Ned Schmidt covers the commodities markets with Jim.
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