BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: May 05, 2017
Student Loans are Putting Pressure on the FutureBubba is back from the Big Apple, he talks about the lack of action in the markets. The markets are stagnate and the VIX may make another run down to all time lows before rallying. This market consolidation is telling Bubba the markets are ready to breakout just over the horizon. When the markets breakout of this narrow range it will give us a better picture which direction the markets are headed.
Traders are looking for a big move but the news, good or bad, doesn’t seem to effect any of the markets. Can the French election move the markets? Bubba feels markets news on a FREXIT can be the catalyst to get things moving again.
Switching gears to the commodities, oil is getting hammered and it is down about twelve percent this week. Bubba feels there can be a small bounce off the bottom but has more room to the downside. Gold has been down lately and can have some upside. Cattle has been up and can possibly can tumble a long way. Commodities have most of the market action right now. Bubba thinks the commodities are signaling a large market move coming soon.
Bubba sends congratulations to his son Xander for graduating college. Xander is leaving college with a degree and little debt but that is not the case for most students. With college tuition at all time highs and students taking on larger loans, it is putting a lot of pressure on the future of this country. These loans, if not paid back will be disastrous for the economy. Parents need to do a better job educating their kids on student debt and how large amounts can affect them.