Monday, August 31, 2020

Stock Market Update: End of August 2020

 The market continues to move up. CNN's Fear and Greed indicator is reading greed.

 

 

 

 

 

 

 

 

 

I find this chart I came up with to be interesting. The Gold ETF, GLD, compared to the DOW price action. If you notice, gold went up prior to the big market decline in 2009.  I circled the cross overs however you can see the price action diverged between the two when there was a change in the market. At the moment both are on an uptrend. In my opinion, if a COVID-19 vaccine comes out, then gold will probably drop, at least temporarily. It could continue to hold steady though as governments around the world print money and the dollar keeps losing value.



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