Jim Tassoni – Market Trends and Momentum Analysis: Gold, Bitcoin, Bonds & More
Jim Tassoni, CEO of Armor Wealth Strategies, joins us to discuss how he is trading a wide range of markets.
We delve into the recent downturn and rebound in precious metals, evaluate the influence of U.S. election results on market sentiment, and examine the substantial impact of rising interest rates and the dollar on gold prices. Jim also shares his outlook on Bitcoin, outlining resistance levels and the potential for reaching six digits. We discuss bond market trends, specifically around the 10-year yield and its implications for real estate and other interest-rate-sensitive sectors. Finally, we assess the performance of the S&P, NASDAQ, and small-cap indices, with Jim offering insights into trading strategies and long-term market trends.
I remember growing up near Detroit Michigan on The Canadian side of the border in the 1950’s and our relatives who lived in The U.S. had such a great standard of living. They would visit us in the most luxurious automobiles. As Canadians in those days, we were very jealous of the American standard of living, now we just want to get paid a wage to survive. DT