Jim welcomes back John Kosar CMT, Director of Research at Asbury Research. John is currently looking for a market pull-back in the 4-7% range. He sees a fat and happy market, with the VIX stuck around 12 for many weeks. He believes this is not the time to put new money to work. In addition, September is historically the weakest month of the year in the markets. Shorter term, he sees the Brexit lows as the “line in the sand” and if those lows hold in a pull-back, you can expect a rapid recovery. Longer term John is more optimistic and sees the S&P 500 up by 10-15% within the next year or so. John also discusses gold and interest rates. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, and Kurt Wulff from McDep Oil and Gas Investment Research discusses the energy markets with Jim.
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