Current Outlook 1) Stock Market – Stocks are in breakout mode, but are expensive relative to their underlying earnings. 2) Bonds – Bonds upside potential is muted relative to its downside risk. The Fed will likely keep yields low. 3) Currency – The dollar is nearing significant support. We expect a bounce off of support. 4) Gold – Gold is likely in the early stages of a new intermediate cycle. We expect further upside. … read more Newsletter #300—Hindsight Really is 2020