Gerald Celente Just Issued This Major Trend Forecast For Gold & Stocks
Gerald Celente Just Issued This Major Trend Forecast For Gold & Stocks from King World News
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Today the top trends forecaster in the world, Gerald Celente, warned just issued this major trend forecast for gold and stocks.
The Beginning Of The End
February 14 (King World News) – Gerald Celente: “The Trends Journal was first to forecast the Trump Rally after Donald Trump won the race for the White House in November 2016. And, this past December, with equities prices soaring, we were the first to predict a 10-percent market correction in 2018.
We now forecast that the turbulence hitting Wall Street and rattling equity markets worldwide, signals the beginning of the end of the Trump Rally. Stock prices may go higher, but the long-term trend lines are heading lower…
Yes, with the massive spending bill just passed by Washington at a time when the economy is solid and stimulus is not needed – coupled with President Trump’s bountiful tax breaks to corporations, whose earnings are already robust – there will be more money to gamble in the markets.
Further, Trump’s generous tax plan, which also allows corporations to repatriate cash stored in overseas banks, will empower companies to buy-back their own stocks, thus stabilizing, and even pushing markets higher.
However, with price-earnings ratios near the high end of their ranges by historical standards, and markets highly overleveraged with Exchange-Traded-Funds and money flowing out of managed funds and into index funds, the gambling fever that drove the Dow up 45 percent since the Trump election is not sustainable.
Indeed, so over-valued and over-leveraged are the markets, that all it took to send global equities into a tailspin recently was the slightest whisper of rising inflation and higher interest rates following a somewhat favorable US jobs report.