Now is not the time to start over risking your trading portfolio. When the stock market feels hot like it does now (who else can’t seem to stop seeing December gains?!), investors tend to make grave mistakes and really start flooring it with trades.
But you have got to remember all the unknowns that are still going on in the market. Even after lawsuits, recounts and the speculation of voter fraud, on Dec. 14 the electoral college will cast their votes for either President-elect Joe Biden or President Donald Trump.
And no one in the market has any idea what’s going to happen afterward…
Then you have forbearance coming to an end soon, but that doesn’t mean people will be able to start paying for their mortgages and rent… This means that landlords will be able to kick residents who can’t make rent and that banks can begin foreclosing on homes again.
If you mix all of that together, you have a recipe for disaster in the housing market.
And that’s just the beginning…
Think about it: Dozens of companies would falter because of a crashing housing market — roofers, concrete workers, painters, drywallers and construction workers, to name a few.
This is why I’m so excited about the gold futures market.
Investors call it “the gold standard” for a reason… Watch the video below to learn why I always go back to gold!