Current Outlook 1) Stock Market – The DJIA broke to a new all-time high on Friday, and will probably continue higher for a while. 2) Bonds – Short-term yields are finally beginning to decline as the market prices in a series of Fed cuts. 3) Housing – Housing supply remains tight. Rising mortgage rates have been compounding the affordability problem. 4) Gold – Gold is late in its cycle, and has been printing a “running … read more Newsletter #534—Economics 101