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Kitco NEWS InterviewsWhy Gareth Soloway would buy gold stocks but short GameStop right nowNews that GameStop is looking to digitize its stores has driven the stock up to January levels, but Gareth Soloway, chief market strategist said that on a technical basis, the stock looks overbought.
2021-03-1124 minKitco NEWS InterviewsStock markets: is the honeymoon over? Gareth Soloway on how to trade nowThe “honeymoon” phase of the stock market bull run is coming to a close, and as yields head even higher, stock indices could see a correction on the scale of 10-15%, said Gareth Soloway, chief market strategist of InTheMoneyStocks.com.
2021-03-0319 minKitco NEWS InterviewsWhy is gold price plunging? Gareth Soloway breaks down causesInvestors are dumping lower yielding assets like gold to buy higher volatility securities like Tesla shares and bitcoin, said Gareth Soloway, chief market strategist at In The Money Stocks, but Soloway is not selling his gold yet.
Soloway’s comments come as Friday’s nonfarm payroll report showed a loss of 140,000 jobs in December, the most since the start of the pandemic.
2021-01-0816 minKitco NEWS InterviewsIs this the end of the stock market bull run? Gareth Soloway gives 2021 outlookThe equities markets have reached a top and are due for a pullback by about 15% - 20% in the New Year, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com.
“We’re now getting to a point where we have such inflated valuations that if you don’t get this monstrous beyond 35% earnings growth [that some analysts are forecast] then markets are going to sell-off pretty sharply,” Soloway said.
2020-12-2122 minKitco NEWS InterviewsDon't expect 'Santa Claus' rally into the New Year - Gareth SolowayAs the economy recovers, consumers are likely to rotate spending out of retail items and into other, bigger discretionary purchases, like vacations, said Gareth Soloway, chief market strategist at InTheMoney Stocks.
2020-12-0122 minKitco NEWS Interviews"I would be surprised if we don’t sell off" - Gareth Soloway shorts stock marketNothing has fundamentally changed in the economy to warrant a sustained rally in the stock markets, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com, speaking with Kitco News at 3:45 pm EST on Monday. “I don’t believe anything major has changed. We knew a vaccine was going to come, the projections are still first quarter, early second quarter,” he said. “The same thing with Biden coming into the White House, it doesn’t change a lot of the economics of the market, so it does concern me and I used it to put on shorts today.” The Dow J...
2020-11-1422 min