Technician Charles Nenner: S&P Closing in on a Top–Expect Stocks Lower Next 12 Months
Also, Ryan Puplava with the Market Wrap-up and Rob Bernard with the Fixed Income Report
Jim is pleased to welcome back noted technician Charles Nenner, founder of Charles Nenner Research Center. Charles sees the S&P index close to another top and expects stocks to be lower over the next 12 months. He believes the bond market is the wrong place to be, and sees the beginning of a 30 year cycle of rising rates starting soon. Charles is long-term bullish on gold, with a target price of $2500 oz. by 2014, but is cautious short-term. In addition, Ryan Puplava gives his Market Wrap-up and lays the groundwork for next week’s significant data announcements. Rob Bernard looks at interest rates and fixed income opportunities.
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.
In 2001, Charles Nenner founded, and is president of the Charles Nenner Research Center. Mr. Nenner has provided his independent market research to the following entities all over the world: hedge funds, banks, brokerage firms, family offices, and individual clients.
Rob joined PFS Group in 2011 as an independent broker. With over 30 years of experience in the investment management industry, Mr. Bernard's expertise includes: Income strategies, diversification strategies, specialized high-level corporate executive strategies, particularly with SEC Rule 144-related services, long-term care insurance and variable annuities.