Click the link below to listen to John’s Kosar’s Thursday October 22nd interview with Jim Puplava of the popular Financial Sense website, where John and Jim cover the direction US and global stock markets, market sectors, US interest rates and commodities heading during the 4th Quarter and into early 2016.
John believes the market is starting to emerge from its recent correction of 12%, which he sees as a very reasonable response after years without a significant correction. He notes an improvement in market breadth in the past few weeks as well. While stating that the market could still roll over again, he sees the 200 day moving average for the S&P 500 (around 2060) as a key level. John also covers interest rates, oil and gold as well. If gold can climb through its 200 day moving average, John sees a move to $1225, and perhaps a change in trend for gold. His favorite sectors for the balance of the year are technology, consumer staples and consumer discretionary.
You can also click here to visit the Financial Sense website and listen to Jim’s hour-long show, which includes more analysis and commentary from additional aources.
Thanks to Jim Puplava and his staff for the invitation and another opportunity to speak to his large and loyal following of professional and individual investors.