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Tracy Shuchart: U.S. stocks and gold near fourth year of double-digit gains

Tracy Shuchart: U.S. stocks and gold near fourth year of double-digit gains
U.S. stocks and gold extend gains

Tracy Shuchart, independent trader and strategist at Independent / Trader, reports that U.S. stocks and gold are on track to achieve a fourth consecutive year of double-digit gains.

According to Shuchart, Bank of America strategists highlight that such extended rallies in both asset classes are exceptionally rare in market history.

Shuchart has previously highlighted analyst beats in the oil sector, noting that Exxon and Chevron exceeded first quarter earnings estimates. Earlier this year, she cited World Bank forecasts that commodity prices are projected to climb 16% by 2026 amid rising energy and fertilizer costs. These observations reflect ongoing market activity in major asset classes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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