Equities:
Nenner sees a cyclical low coming in the next few days. He's a buyer anywhere from 1,280 to 1,230 on the S&P 500 but cautions those who are looking for a chance to buy and hold profitably.
"People looking for major moves are going to be disappointed. Timing and trading are key as stocks are going to be locked into a 5-10% range for an extended period.
Gold:
Nenner's downside target for gold is $1375 to $1325 but he's a buyer in size there; his long-term target remains $2,500.
Bonds:
"First people lost their shirts on the stock market then the gold market. I'm afraid that now they're going to lose a lot of money on their bond positions."
Nenner sees a cyclical low coming in the next few days. He's a buyer anywhere from 1,280 to 1,230 on the S&P 500 but cautions those who are looking for a chance to buy and hold profitably.
"People looking for major moves are going to be disappointed. Timing and trading are key as stocks are going to be locked into a 5-10% range for an extended period.
Gold:
Nenner's downside target for gold is $1375 to $1325 but he's a buyer in size there; his long-term target remains $2,500.
Bonds:
"First people lost their shirts on the stock market then the gold market. I'm afraid that now they're going to lose a lot of money on their bond positions."
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