Current Outlook 1) Stock Market – The bear market is probably back. Risk outweighs reward. 2) Bonds – Long-dated bonds have broken beneath support. Rising yields are negative for the stock market. 3) Currency – The dollar will fluctuate against the Euro and the Yen, but weaken relative to gold. 4) Gold – We expect gold to resume its bull market after the Fed pivots to an accommodative money supply. 5) Oil – Oil … read more Newsletter #436—A Pay Cut