Liberty and Finance, Released on 6/17/23
The Fed has paused interest rate hikes. However, the stock market is not going to skyrocket, says Peter Grandich of Peter Grandich & Co. He expects stocks to sideways trade. Gold, on the other hand, he is optimistic about. While it is sideways trading right now, he expects a meaningful move within a few weeks. Junior resource stocks are more depressed than they’ve ever been in 40-years, which may signal a unique opportunity in the sector, he says.
0:00 Intro
1:52 Fed pause
4:05 Gold price
6:35 Junior resource sector
14:08 Fed pause
19:05 Stock market
22:43 Inflation
25:00 Spiritual preparedness
31:05 Miles Franklin
Peter Grandich & Company specializes in retirement, business and estate planning, that operates with the slogan that they “enable common people to attain uncommon results.” The company was formed by Peter following decades of experience in the markets, having served in roles that include Chief Market Strategist, Portfolio Manager, and Head of Investment Strategy among others. Peter’s website – https://petergrandich.com/blog-posts/.