In today’s complex financial landscape, investors are facing a myriad of challenges and opportunities.
Geopolitical tensions remain a key concern, potentially leading to increased market volatility. Moreover, the upcoming US GDP data release is poised to trigger significant market fluctuations. It’s crucial for investors to remain vigilant for potential pullbacks before markets potentially rebound.
Corporate America’s largest 500 companies have recently reported positive earnings for the first time in a year. More importantly, forward earnings are expected to witness a substantial recovery, surging by an impressive 21% over the next 12 months. The primary driver behind this optimistic outlook is the strength of the US consumer and the market’s expectation of interest rate cuts as early as July 2024.
Additionally, gold stocks have made a comeback, experiencing an 8% increase in gold prices since the Gaza attacks. Australian gold miners, including De Grey Mining, Silver Lake Resources, and Newcrest Mining, have seen their shares surge by 12% to 16%
