Steve Palmer: The Stock Market Will Rally Significantly

The Gold Report: In August, you wrote that you did not believe the U.S economy was heading into another recession despite continued investor concerns about global growth. Do you still believe that? Steve Palmer: Yes, there is nothing that has transpired that would cause me to change that view. The economic data has been quite good. The market was retesting the low that it hit on Aug. 9 and it briefly dipped below that level. But it had one of the largest rallies in the last 25 years to rise above that low. From a technical point of view, the retest was successful and we have continued to trade higher since Oct. 4. I believe the bottom is in . . . → Read More: Steve Palmer: The Stock Market Will Rally Significantly