Technician Gary Dorsch: Fed Confident US Economy on Steady Ground – Prepared to Raise Rates

Cris Sheridan welcomes back technician Gary Dorsch, editor of Global Money Trends. Gary believes the Federal Reserve, in assessing the current steady pace of the US economy, is ready to raise interest rates in June or July. Gary notes the strong numbers for housing and auto sales, as well as decent job growth in recent months. He also believes the weakness in brick and mortar retail is not necessarily a sign of recession, as much as signaling major changes in consumer spending habits, as Amazon continues to take over the retail market. Gary believes the Fed would like to keep the stock market in a trading range with its interest rate policies. Gary sees two interest rate hikes this year, which may make it difficult for the markets, and he thus urges caution. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, and Ned Schmidt covers the gold and commodity markets with Cris.

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