TG Watkins - Precious Metals Outperforming, Will Market Weakness Continue?
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to share his view on the recent market weakness and the precious metals (and commodities) outperforming for the last almost 2 months.
We start with TG's assessment of the markets and if the correction this month is a natural correction or the start of a larger downtrend. We discuss the mixed moves in large tech stocks and the pullback in AI chip manufacturers. We also discuss time frame of the market pullback, which happened on the first day of Q2.
We then move to the sectors that are outperforming the market, which are commodities. We focus mostly on gold. Is this sideways move simply a consolidation of the recent gains?
Click here to visit the Profit Pilot website to keep up to date with what TG is trading - https://www.profit-pilot.com/
Timestamps
0:00 - US market pullback to start April
2:46 - Natural market correction? Levels to watch
3:58 - Key tech stocks, mixed directions
5:02 - Small cap weakness continues
5:50 - Timeframe considerations for this rollover
6:56 - Sectors that are outperforming markets, precious metals
7:40 - Commodities higher with a strong USD and higher interest rates
8:17 - Gold and silver
9:51 - What to watch for future trends
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Disclaimer: The content in this podcast is not intended to be financial advice. It is meant for educational and entertainment purposes only.
