Technician Shelley Moen: Stick With the Defensive Trade−Economy Will Get Worse Before the Election

Jim welcomes back technician Shelley Moen from Vermilion Technical Research this week. Shelley’s current advice is to stick with the defensive trade; utilities, staples, bonds, as she sees the economy getting weaker prior to the fall elections. Jim covers his first Big Picture topic this segment, “Media Bias- It’s Not An Excuse, It’s the Truth”.  In addition Ryan Puplava checks in with this week’s Market Wrap-up and Jim adds this week’s Fixed Income Report

Ryan joined PFS Group in 1995. He is Senior Trading Manager and works closely with Jim Puplava on PFS Group's Growth investment objective. He also contributes a monthly Market Observation to Financial Sense and co-authors In the Know—a weekly communication for Jim Puplava's clients only—with other members of the trading staff.

Shelley Moen was formerly a Principal and Senior Technical Analyst at a well-known investment bank and has 25 years of market experience. Ms. Moen assisted in all aspects of the production and distribution the Firm’s technical research products. Ms. Moen graduated magna cum laude with a Bachelor's Degree in Business Administration from St. Cloud State University in Minnesota. She holds a Chartered Market Technician designation and is a member of the Market Technician's Association.