Current Outlook
"Is everything
rosy?"
The stock market is flirting with all-time highs ... yet the U.S.
dollar is headed lower every day.
Trump's
"BIG BEAUTIFUL BILL" was passed last night but its
impact remains to be seen going forward.
Neither party is willing to substantially reduce the
federal government's spending and begin reducing the overall federal
debt load.
Seems members of both parties continue to have their head in the
sand and can not give up the federal gravy train via NGO's.
Still the federal
cash deficit is reported as only $35 trillion
while the GAAP deficit is over
$250 trillion.
With the U.S. GDP only around $24 trillion, something is
going to give shortly.
Watch those federal interest rates and bond sales closely
...they are probably more indicative of what is ahead than the stock
market.
The savings already discovered by DOGE is in the billions of dollars. As
the cloak of secrecy is unmasked, voters of both parties are
simply disgusted with the Uniparty.
So far this year, Gold has outperformed the market and London's
physical gold reserves are dwindling.
Do not be surprised if the NASDAQ falls through 8,000, the SPX
to 2,500 and the DJIA sees the 25,000 level.
Remember -- "Only purchasing power counts!"
Remember to ... "Keep It Safe, Simple and Stay Focused!" going
forward.
Fred Richards
July 3, 2025
|
