Henry Weingarten of the Astrologers Fund joined us today. He says this is a very important time for the stock markets. He’s fully prepared for an August pullback of at least 8-10 percent or even higher. There are 4 sectors of the market that he’s looking at for increased returns and safety. They are Entertainment, Precious Metals (including Bullion and Mining Stocks), Safety and Security and Some Tech (although not necessarily the Fang Stocks). The reasons to be concerned about August include, Biden’s VP pick, late reporting bad earnings, Wall Street’s “A” Team is on vacation and the “B or C” Team is filling in. Henry also believes we’re going to advances in gold and silver prices with gold perhaps heading into record levels. It’s going to be an interesting summer.
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