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The second wave of inflation in the 1970s tripled the price of gold in only two years. With inflation high and growth stagnating, could we see a repeat push gold to $10,000 per ounce?

Shares of Byrna (BYRN) are trading modestly higher this morning after the company released preliminary revenue results for Q3.

The market had another week of heavy sector and index rotation nearly every day, as hot money seemingly is chasing the new fad/theme based on every economic data point and earnings reaction. Yet despite the day-to-day market wiggles, by week’s end not much ground was made or lost as the S&P 500 gained 0.3%, the Dow lost 0.3% and the Nasdaq rose by 1.1%.

It’s been an interesting week for the market, with some iffy action last Friday and especially this Tuesday (after Labor Day), with the iffy growth complex getting hit hard and even the big-cap indexes testing their respective 10-week lines. But the bounce since then has been solid, though we’re again seeing a bout of rotation today, with many growth leaders getting hit.

President Trump recently announced that the U.S. was taking a nearly unprecedented position in Intel (INTC). Is it even a good investment?

The market had another week of heavy sector and index rotation nearly every day, as hot money seemingly is chasing the new fad/theme based on every economic data point and earnings reaction. Yet despite the day-to-day market wiggles, by week’s end not much ground was made or lost as the S&P 500 gained 0.3%, the Dow lost 0.3% and the Nasdaq rose by 1.1%.

My August pick, Argan (AGX), has become one of the core ways for small-cap investors to play the AI data center, natural gas power and electrification of everything themes. The company grew revenue by 50% last year. As such, expectations from Argan have been high, despite management’s continued conservativism given the current year growth rate will be slower (around 10%) than last year before ramping up again in FY27.

With a slew of fresh ideas coming in tomorrow’s August Issue and a portfolio that may soon have too many ideas to stay on top of, I’m trimming one position today.

*Note: Your next issue of Cabot Options Trader will arrive next Tuesday, September 2 due to the market holiday next Monday, September 1 in observance of Labor Day.

While it was a highly volatile week, which saw the AI story come under intense pressure, buoyed by the Fed Chairman’s dovish speech on Friday the S&P 500 closed the week at a new all-time high. By week’s end the S&P 500 had gained 0.3%, the Dow had rallied 1.5% and the Nasdaq had fallen 0.6%.

Small caps raced to multi-month highs early last week and, despite the weakness in the tech-heavy Nasdaq this week, small caps are holding up relatively well.

The iShares Core S&P Small-Cap ETF (IJR) is trading right around 114, which was the zone of overhead resistance in July that the index punched through last Wednesday.

Historically, small caps – and especially small-cap value stocks – have tended to do well during the beginning of rate-cutting periods. This puts a lot of pressure on Fed Chair Jerome Powell’s speech tomorrow in Jackson Hole.

The selling in growth stocks seen under the surface last week accelerated this week, with the Nasdaq off nearly 2.5% coming into today, while the S&P 500 took a smaller hit (1.2%). Meanwhile, broader measures were down some but held up far better as the rotation theme continued.

WHAT TO DO NOW: The weakening of growth stocks that’s been going on for weeks has resulted in all-out selling this week—we came in with 43% in cash, which has helped, but today we’re selling the rest of our Palantir (PLTR) and Rubrik (RBRK) stakes, leaving us with a large 57% on the sideline. Details below.

Healthcare sector stocks are showing increasing relative strength as investors rotate out of the market’s high-flyers. Here are a few I like now.

*Note: Your next issue of Cabot Options Trader Pro will arrive next Tuesday, September 2 due to the market holiday next Monday, September 1 in observance of Labor Day.

While it was a highly volatile week, which saw the AI story come under intense pressure, buoyed by the Fed Chairman’s dovish speech on Friday the S&P 500 closed the week at a new all-time high. By week’s end the S&P 500 had gained 0.3%, the Dow had rallied 1.5% and the Nasdaq had fallen 0.6%.