When the economy is in recession, investors generally put their money into assets like gold, as opposed to buying assets like stocks, ... Gold is much more popular during recessionary times.
More Quotes from Jeff Kleintop:
Solid earnings reports are helping to put in a bit of a floor in the market. But the sensitivity here to the economic data given the question about the outlook for Fed tightening, that seems to be the overriding influence.Jeff Kleintop
I think we're at a point where the data coming in is good and robust, but not strong enough to suggest things are overheating. The forward-looking data seems to indicate the same.
Jeff Kleintop
An investment in the true cost of Christmas would have yielded a better return than the stock market over the past year. However, the true cost of Christmas hedge fund has yet to be created.
Jeff Kleintop
It's not a sector play. There's no real huge leader like tech was in the '90s. It's about finding the right company with a compelling story.
Jeff Kleintop
Technically, the market still looks pretty good despite the light volume we've seen this week. But we're probably not ready to break out above this level until we get a better read on when the Fed is going to be finished up raising rates.
Jeff Kleintop
The abundance of cheaper labor in countries such as India and China has resulted in pressure on U.S. manufacturers to outsource unskilled labor, ... As a result, the cost of skilled dancers has steadily increased while the unskilled milk maids haven't managed an increase in pay for their services in many years.
Jeff Kleintop
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Based on Topics: Gold QuotesBased on Keywords: recessionary
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