The question here is whether the Atlanta Fed is making an educated guess about tariffs and government firings that is overestimating the effect on GDP. Until we see something that confirms or refutes that, the market is starting to act like we are heading for recession. Personally, I don’t think we’re recession-bound. Going into 2025, I thought we might have a correction and, now, I think that a 10+% correction in the 1H off the year is in the cards. So,, I’m sitting on 70k in cash waiting for the S&P to fall to the 5300 range and add to some my positions.
This stock moves with the price of uranium. At the end of January 2024, uranium was $100/lb and UUUU was $8. Today, uranium is $65 and UUUU is $4.16. Have 20,000 shrs of UUUU at 6.19 and this stock has been one massive disappointment. However, uranium’s time is nearing and UUUU’s uranium is domestically sourced, so no tariffs. The daily chart has reached an oversold level and volume is increasing. Almost bought another 5,000 shares today around 4.10, but I believe the market’s headed lower and am looking for a 3 handle before adding and >averaging down<. If I’m wrong and UUUU takes off without dipping sub 4, I still have 20,000 shrs, so it’s not like I won’t be participating in the move up.