[WATCH] Closing Bell — Trouble Brewing beneath the Surface

By Murray Dawes, Saturday, 16 April 2022

In today’s Money Weekend…a few important sectors that are seeing stiff selling pressure…gold has been holding up well…possibly a hint that further rises are around the corner…and more…

In today’s Money Weekend…a few important sectors that are seeing stiff selling pressure…gold has been holding up well…possibly a hint that further rises are around the corner…and more…

The S&P 500 is starting to see some selling pressure as a result of rising interest rates — and there could be more to come.

In today’s ‘Closing Bell’ video, I have a peek beneath the surface at a few important sectors that are seeing stiff selling pressure.

Banks, homebuilders, high-yield corporate debt, mortgage-backed securities, and investment-grade corporate bonds are all nosediving, with a few of them skidding faster than they have in many years.

But gold has been holding up well, and a few of the stragglers in the gold sector have started to catch a bid.

Gold’s rise despite the jump across the board in the US yield curve and the leap in the US dollar is quite impressive and is possibly a hint that further rises are around the corner.

I finish up today’s ‘Closing Bell’ video by showing you a few of the beaten-up gold stocks that look like they have turned a corner.

Check out my analysis in the ‘Closing Bell’ video below:

Until next week,

Murray Dawes Signature

Murray Dawes,
Editor, Money Weekend

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Murray Dawes is our resident expert trader and portfolio manager. He is a former Sydney Futures Exchange floor trader who went on to design custom trading systems and strategies for ultra-wealthy clients (including one of Australia’s richest families). Today, his mission is to help ordinary Aussie investors make profitable investments, while expertly managing risk.

He uses his proprietary system for his more conversative and longer-term-focused service Retirement Trader…and then applies the same system to the ultra-speculative end of the Australian market in Fat Tail Microcaps (this service is strictly limited and via invitation only).

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.