Jul 06, 2021 Guest(s): Chris Vermeulen Chief Market Strategist, The Technical Traders
Chris Vermuelen, chief market strategist at https://TheTechnicalTraders.com, has redeployed his cash holdings back into stocks and is now fully invested ahead of what he believes is a bull rally.
Vermeulen has just a few months ago liquidated all his holdings and held 100% cash in anticipation of a market correction.
Speaking to David Lin, anchor for Kitco News, Vermeulen said that the panic selling in the stock markets on Tuesday should subside in a few days.
Gold, on the other hand, is showing signs of sustained weakness ahead, and Vermeulen is currently not invested in the yellow metal.