The global economy is heading for the dumper. Don’t listen to Powell. Or Yellen. Or that mincing, preening, caricature Tom Lee. There’s nothing but darkness ahead, and if you want a guide that’s better than Powell’s lying hole, look at commodities. They’re falling because demand is shrinking.
There may be a short-term long opportunity with precious metals miners once they reach that green trendline. I’m not touching it, but last time GDX and GDXJ, both shown below, bounced heartily once they tagged that trendline.
