Marc Faber, author of The Gloom, Boom & Doom Report, highlighted that everything, including FAANG stocks and collectibles, is inflated. He predicted negative returns on US equities in real terms over the next seven years and suggested investing in precious metals to maintain purchasing power. He advised focusing on capital protection rather than high returns.
Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty 500 pack, eight stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 27, according to stockedge.com’s technical scan