Market Rally Mirage

Bitcoin Rages On

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Astros are headed to the World Series, and markets make their 6^th consecutive weekly closing new high for the first time in 20 years. Today on The Bubba Show, Bubba talks about what’s going on in these markets and why this rally is just a mirage. The markets will selloff at some point, but the big question is when.

It’s time for LilaMax Media’s Jane King, author of the KaChing Report. Jane and Bubba discuss the budget vote and Jane cannot wait to see what the tax cuts could bring. Two weeks in a row Jane has received good news for small business on taxes and health care. Jane and Bubba also talk about financial literacy.

Matt Demeter from DemeterResearch.com, technical expert on The Bubba Show is up next. Matt is expecting new high but warns the markets may be a little overbought here. While Matt is looking for a pullback to buy, Bubba asks Matt if the markets can go sideways to resolve this overbought condition.

Bitcoin has been all the rage, and Bubba knows that Matt has been investing and trading Bitcoin since the beginning. Matt lays out his expectations with Bitcoin making another new high over 6000. Matt believes there is more upside and will be a buyer on a pullback.

 

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About Jane King

With 15 years of covering money news, Jane King has been bringing her audience not just breaking economic news but also “pocketbook” issues. The decisions moms make at the supermarket, high school students weighing various colleges, helping young couples buy their first home.

[Full Bio at LiliMax Media] • [Follow Jane King on Twitter]

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