Every Citizen now owes $80,000 U.S. debt now $26.5 TRILLION
A major contribution to the stock market has been made by big money hiding in the big five tech stocks of Apple (AAPL) Amazon (AMZN) Microsoft (MSFT) Alphabet (GOOG) (GOOGL) and Facebook (FB) A significant part of the rise in the five stocks is due to their price-to-earnings multiple expansion, not improved fundamentals.
July 8, 2020. BUY/ADD. We have been slowly adding to GDX the gold position, and have a 4% gain.
Short term GDX is probably going to $40 and long term much higher. We continue adding to GDX. We have a Trailing Sell Stop at $1.50 in case GDX decides to drop temporarily.
We still anticipate SPY/DOW declining going into August, at which time we may be BUYING positions that are on sale.
In a new survey from the Pew Research Center, nearly 40 percent of U.S. adults in June say the outbreak has been exaggerated – an almost 10 percent increase since April. In terms of political party, respondents who identified as Republican or leaning Republican had the largest increase between April and June, going from 47 percent to 63 percent believing the outbreak has been exaggerated.