Jim welcomes Dan Wantrobski CMT, Chief Technical Strategist at New Albion Partners. Dan discusses the long consolidation periods, sector rotations and sideways trading ranges that have characterized the markets since late 2014. Even though the markets have been basically moving sideways for an extended period, Dan believes US equities are more attractive than comparable investments. He notes that these long consolidation periods are still within the framework of a secular bull market, and he believes the indexes will eventually break out and continue the bull market pattern. He also noted the uncertainty and caution in the markets, given an election year, Fed policy decisions, and the Brexit vote. This interview was conducted on the day of the Brexit vote, so the results were still not known. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, as the markets react to the Brexit vote, and David Morgan covers the precious metals markets with Jim.
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