Post Market Summary: January 4th

The Dow and S&P 500 hit record highs today. Stock valuations are in complete Lala land where they’ve only been at this level TWICE before in history. Once was before the Great Depression, and the other was the dot com bubble! I know I’ve said this before but goodness gracious.

Bonds started off the day lower, but then they were bid higher beginning around 11AM. Who is buying bonds here? The Federal Reserve is my best guess. No one else wants to get barely any return when the interest rates are supposed to rise in the future.

The US dollar headed back lower into 91 range again today. If it takes out the 52 week low of 91.01, then we could really see some panic. This is obviously positive for commodities like precious metals. I’m still holding $SLV from my entry point of $15.15. Watch the dollar closely here!

Bitcoin looks like it still hasn’t chosen a direction yet. It continues to hover around that $15000 range. One thing is for sure. Bitcoin is no longer in a straight line to the moon. It very well could return to that type of chart, but right now it no longer is.

Happy Investing!