Quotes

Stocks remain stuck in the mud, following the recent 10% correction and the partial recovery since. Crude oil is a bit higher along with gold and silver, while Treasuries are down modestly. Bitcoin is holding in the high-$80,000s.

Did you get a load of the latest consumer confidence figures? Woof!

Tech stocks led the recovery Monday on both sides of the US-Canada border on reports the White House wouldn’t pursue industry-specific tariffs. But we won’t really have an idea until April 2 when the announcements are made. Gold hanging out near record highs indicates there is still a fair bit of defensiveness floating around, notes Amber Kanwar, host of the In the Money with Amber Kanwar Podcast.

Gold just dropped more than $40 in price from last week’s high. The gold bug reaction? A collective yawn. Meanwhile, every previous instance of gold’s RSI peaking above 70 has presaged a price correction and, with the exception of the post-election correction, the pause in the rally has been brief, notes Brien Lundin, executive editor of Gold Newsletter.

Axis Capital Holdings Ltd. (AXS) shows strong technical buy signals, with a Trend Seeker buy signal since 3/17 and consistent price appreciation, gaining 2.7%. The company offers diverse specialty insurance and reinsurance products globally, with notable growth in revenue and earnings expected over the next two years, observes Jim Van Meerten, analyst at Barchart.

We are launching coverage of Cheniere Energy Inc. (LNG) with a “Buy” rating and a $255 target price. As the first domestic energy company to be approved for LNG exports, Cheniere is well positioned for earnings growth over the next several years, highlights John Staszak, analyst at Argus Research.

Stocks surged yesterday, and they’re climbing a bit more in the early going today. Gold and silver are modestly higher along with crude oil. Treasuries are trading slightly lower at the long end of the curve, while the dollar is dipping.

The key to lower inflation may start with the stock market and feed into the economy, rather than vice versa. The Harvard economist Gabriel Chodorow-Reich estimates that with all else equal, a 20% drop in stocks in 2025 might reduce growth by as much as a percentage point this year, advises Lance Roberts, editor of Bull Bear Report.

From the peak on Feb. 19 through the end of the 10.1% decline on March 13, bearishness abounded. Besides the percentage of stocks in the S&P 500 (SPX) and Nasdaq-100 having fallen below the level that typically indicated that stocks were “oversold,” the CNN Fear & Greed Index was also solidly in the “Extreme Fear” category, explains Sam Stovall, chief investment strategist at CFRA Research.

Stocks are ripping higher in the early going, while gold, silver, and crude oil are showing more muted advances. Treasuries are sliding, while the dollar is flat. Most major cryptocurrencies, including Bitcoin, are up a couple of percentage points.

You know I’m a big fan of precious metals like gold and silver. But what other metals and commodities are worth a look?

The road back from a market correction can be uneven, but sooner or later good stocks recover. The important factor is speed, which is why I’m pleased to see the Triple Digit Trader portfolio has already started shaking off its losses from early this month. One driver: Humble, often overlooked Ford Motor Co. (F), observes Hilary Kramer, editor of Triple Digit Trader.