NOVEMBER 6, 2026 – Third Quarter GDP came in at a super strong 3.4%. The early prediction for the 4th Quarter is about the same. Ask them pundits how those tariffs caused a recession:)
The stock market is finally looking choppy and toppy. At this point, the 2nd Quarter of 2027 might bring some unexpected surprises.
As for interest rates, I mentioned recently that a top is looking possible. There is a contradiction going on in the data. The 10-year Treasury Bonds appear to have peaked. But, the 30-Year Treasury Bonds suggest one more move to new highs.
I guess both can happen. But, it would seem more likely that those rates would move together. We shall see. A December Fed Funds Rate increase remains likely.
GOLD & SILVER – They are lined up to make one more big move down towards the targets I mentioned a few posts ago. I have been on the sidelines for awhile. It will be nice to own some gold and silver again.
INTERESTING STAT – EVERY year after a mid-term election since WW II, the stock market has gone up. Around 10%-15% is the norm. It is already down that much from all-time highs. So, that would just be getting back to the highs. What it all suggests is possibly a choppy economy in 2027. More at year end on all of this.
Shalom,
The Mann