Markets have been volatile ahead of next week’s Fed meeting as investors anticipate the first interest rate cut. I explain why the Fed’s balancing act between inflation and interest rates reminds me of a popular Eminem song (featuring Rihanna).
After pulling back, the S&P 500 and Nasdaq are once again nearing their all-time highs. Our portfolio is participating in the rally. Vertiv Holdings (VRT) has rebounded around 18% over the last five trading days—and is up 30% from August lows. I recap why this big winner has a great pulse on the AI megatrend.
Next, I break down the geopolitical tailwinds pushing uranium stocks higher over the past few days—including Cameco (CCJ).
I also highlight why gold is surging—which is great news for our gold trade. SPDR Gold Shares (GLD) is up about 8% in two months.
Oil prices have pulled back over 10% in the last month amid slowing economic data. We’re close to stopping out of Occidental Petroleum (OXY). Pay close attention to your stop. That said, we may see a bounce higher as shares have fallen to a key support level.
Finally, I revisit a couple of my favorite watchlist stocks. One is breaking out to new all-time highs… and has the coolest CEO on Wall Street. The other is trading near 52-week lows but is in a perfect position to benefit from the massive growth in power demand.