Weekly Briefing 7/4/22 - The Forecast

Weekly Briefing 7/4/22

Weekly Briefing 7/4/22

The market should see its next major peak July 13-15 before selling off one final time into the beginning of August.  From August into year-end, a massive rally should unfold carrying the major indexes near or beyond their all-time highs.  The recession will then take hold from early 2023 into the middle of 2025.  Gold members will be apprised of exact dates and price levels for each of these substantial moves set to unfold over the next year.

Last Week’s Economic Data:

Core Durable Goods Orders:  Beat

Pending Home Sales:  Beat

CB Consumer Confidence:  Miss

GDP:  Miss

Core CPE:  Miss

Initial Jobless Claims:  Miss

ISM Manufacturing PMI:  Miss

Upcoming Economic Data:

Monday:  A happy Fourth of July to all!

Wednesday:  Fed Meeting Minutes, ISM Non-manufacturing PMI, JOLTs Job Openings

Thursday:  Initial Jobless Claims

Friday:  Non-farm Payrolls, Unemployment Rate