TG Watkins, Director of Stocks at Simpler Trading and Editor of The Profit Pilot Website joins me to outline the opportunities he is seeing for longer term investors in this market environment where upside momentum has been lost.
We start with the recent momentum shifts in the S&P and NASDAQ, the performance of interest rate-sensitive sectors like small caps and regional banks, and the outlook for precious metals and ETFs such as GDX. TG shares his thoughts on potential Federal Reserve interest rate cuts, summer trading patterns, and the broader market environment as we approach the Fourth of July and the end of the year. Right now he is looking at the regional banks and small caps as having a potentially very bullish set up for when the Fed actually starts cutting rates.
Additionally, TG offers insights into the current 30% discount available at Simpler Trading.