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The Petership Show.

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I've been entrusting my personal estate planning and asset protection to the Jeffrey M. Verdun Law Group.

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first consultation. All the US stock market indexes finished the first week of June in the red

thanks to a broad base sell-off on Friday. The Dow Jones was down just under 350 points,

which I think is just over 1%. The S&P 500 had an even worse day. It's sanked by 1.6%,

not as much carnage for the small caps. Russell 2000 was down 0.8%, but not the case for the big cap

tech stocks. The NASDAQ was down by 2.7% on the day. And the riskier NASDAQ stocks,

the ones that are owned by Kathy Wood and the ARC Innovation ETF, that ETF was down 5.4%

on the day. And it wasn't just the stock market that got beaten up on the week. Bonds were also

down. Yields were higher across the curve. In fact, the yield on the 30 year closed solidly above

3% at 3 spot 114. 10 year though, just below 3% 2 spot 957. But if you look at a chart,

it looks like yields are headed significantly higher from here. The US dollar was also slightly

higher on the week. But just barely the opposite with gold, a slight decline in the price of gold

on the week. Gold still managed to close the week above 1850 at about 1852. However, gold stocks

actually closed out the week with some gains, bucking the overall trend in the stock market.

Now, maybe this is a sign that those stocks have finally bottomed. A bottom is long overdue.

Now, I won't claim a bottom for sure until I see some follow through. So we'll see what happens

in the gold mining stocks next week. But at least some encouraging action in gold stocks.

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