Since the iShares Barclays 20+ Year Treasury Bond Index (NASDAQ: TLT) and the Invesco DB US Dollar Index Bullish Fund (NYSEARCA: UUP) were both up with the stock market this morning, Tom thinks that the rally in stocks is close to being overdone.
And he was right, as stocks went from being up about 1% in the early morning, only to turn over and trade flat mid-day.
Tom is still bullish on gold and Bitcoin long term. They're both limited in supply as governments around the world continue to print fiat money backed by nothing.
Tom thinks investors should sell a vertical spread on Alphabet Inc. (NASDAQ: GOOGL) options, and he gave investors one way to do that here.
Tomorrow, Tom will cover Facebook Inc. (NASDAQ: FB) ahead of its earnings report on Thursday.
Shah thinks we could be in the early stages of a depression.
But here's the difference this time... the Fed has learned a lot since the 1930s and is ahead of this one.
He predicts it's going to be ugly but short-lived because we won't see as many defaults due to the Fed coming to the rescue.
Consumer confidence is at a 47-year low. The Conference Board said today that its confidence index fell from 118.8 to 86.9.
Shah is concerned about the consumers' ability to spend because he doesn't see jobs coming back nearly as quickly as we've lost them over the past two months. And that will be the No. 1 factor of whether we head into a depression or not.
Catch us tomorrow - starting LIVE again at 8:45 a.m. EDT with Chris Johnson, right here.
If you missed our live streams today, you can now replay them on our YouTube channel, here.
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