[WATCH] Closing Bell — Trouble Brewing beneath the Surface

By ,

In today’s Money Weekend…a few important sectors that are seeing stiff selling pressure…gold has been holding up well…possibly a hint that further rises are around the corner…and more…

The S&P 500 is starting to see some selling pressure as a result of rising interest rates — and there could be more to come.

In today’s ‘Closing Bell’ video, I have a peek beneath the surface at a few important sectors that are seeing stiff selling pressure.

Banks, homebuilders, high-yield corporate debt, mortgage-backed securities, and investment-grade corporate bonds are all nosediving, with a few of them skidding faster than they have in many years.

But gold has been holding up well, and a few of the stragglers in the gold sector have started to catch a bid.

Gold’s rise despite the jump across the board in the US yield curve and the leap in the US dollar is quite impressive and is possibly a hint that further rises are around the corner.

I finish up today’s ‘Closing Bell’ video by showing you a few of the beaten-up gold stocks that look like they have turned a corner.

Check out my analysis in the ‘Closing Bell’ video below:

Fat Tail Investment Research

Until next week,

Murray Dawes Signature

Murray Dawes,
Editor, Money Weekend

About Murray Dawes

Murray Dawes is the Editor of Pivot Trader and contributing Editor at Money Morning. He was one of five, from 5,000 applicants, chosen for a graduate position with the Swiss Banking Corporation — now part of banking giant UBS. The bosses quickly cottoned on to his potential and pushed him…

NAB [ASX:NAB] Enters BNPL Market by Launching Afterpay and Zip Rival

Big Four bank National Australia Bank [ASX:NAB] announced it will launch its own BNPL product, entering a crowded market.

Appen Shares Spike on $1.2 Billion Bid

Artificial intelligence services business Appen [ASX:APX] saw its shares spike 30% before entering a trading halt on news of a takeover bid from TELUS International.

Nanosonics Share Price Flat on Business Update

Healthcare stock Nanosonics [ASX:NAN] announced a transition to a direct sales model in North America.

TechnologyOne [ASX:TNE] Shares Flat Despite Record H1 FY22 Profit

Enterprise SaaS stock TechnologyOne [ASX:TNE] has released its half-year results, notching its 13th year of ‘record first half profit’.

BrainChip [ASX:BRN] Shares Dip on Annual General Meeting

AI tech developer BrainChip Holdings [ASX:BRN] released its annual general meeting CEO and chairman’s address on Tuesday as shares dipped.

The Future of Growth Stocks: Is It Bleak?

In today’s Money Morning…growth funds take a hit…a lost decade for stocks?…distinguishing value from price…and much more…