As US economy is heading toward its disastrous 2nd quarter results, the Trump administration is considering the expansion of the trade war to finance, which could destabilize the US dollar and derail the post-pandemic global economy.
The gold price reached a new record high this week, beating the previous record set on Sept. 5, 2011. The gold price kept rising past the record high to new heights as the week wore on, and now the $1,940 record that was set on July 28 appears to have become the new floor for the price amid today’s pullback.
ValueWalk will hold the next Contrarian Investor Virtual Conference on Aug. 11, and Gabriel Grego of Quintessential Capital will be among those presenting new ideas. Among the short ideas Grego has presented previously are Akazoo, Bio-on, Aphria, Foli Follie, Globo and AAC Holdings (data via Breakout POINT).
Why didn’t coronavirus sink America into a depression? The answer can be summed up in two words, and it’s not “stimulus checks.”
Stocks that are considered overvalued can remain elevated for a long time before reverting to fair value and investors looking to short-sell such stocks can run the risk of entering the market too soon and getting stopped out. One of the eternal questions of investing is how to pick those stocks that are ripe and ready to fall versus those that still have higher to go. Timing, as ever, is key.