Joel Elconin - Market Analysis: S&P, Small Caps, Gold, GDX, Bitcoin, Retail Sector, Oil Stocks
Joel Elconin, Co-Host of the PreMarket Prep Show joins us to explore the broad-based rally that has seen market averages reaching all-time highs across various sectors, with both small and mid-cap stocks performing well.
We delve into the optimistic economic environment fueled by the upcoming administration change and its potential benefits to different stock groups, including financials and defense stocks. The implications of potential tariffs under Trump's administration are discussed, considering their impact on inflation and international trade. We also highlight the strong performance of Bitcoin, nearing the $100,000 level, and its increasing acceptance by both governments and large companies. We wrap up addressing trends in the commodities market, particularly gold and GDX.
