'Tis Only My Opinion is suspended due to health concerns.

Adrich Corporation

Since 1965 ...

Current Outlook

"Is everything rosy?"

The stock market is flirting with all-time highs ... yet the U.S. dollar is headed lower every day.

Trump's  "BIG BEAUTIFUL BILL" was passed last night but its impact remains to be seen going forward.

Neither party is willing to substantially reduce the federal government's spending and begin reducing the overall federal debt load.

Seems members of both parties continue to have their head in the sand and can not give up the federal gravy train via NGO's.

Still  the federal cash deficit is reported as only $35 trillion while the GAAP deficit is over $250 trillion. 

With the U.S. GDP only around $24 trillion, something is going to give shortly.

Watch those federal interest rates and bond sales closely ...they are probably more indicative of what is ahead than the stock market.

The savings already discovered by DOGE is in the billions of dollars. As the cloak of secrecy is unmasked, voters of both parties are simply disgusted with the Uniparty.

So far this year, Gold has outperformed the market and London's physical  gold  reserves are dwindling.

Do not be surprised if the NASDAQ falls through 8,000, the SPX to 2,500 and the DJIA sees the 25,000 level.

Remember -- "Only purchasing power counts!"

Remember to ... "Keep It Safe, Simple and Stay Focused!" going forward.

Fred Richards
July 3, 2025 

Fred Richards' has published his 'Tis Only My Opinion articles for many years on a wide range of subjects and many are archived here. The current article is highlighted above.

Mr. Richards is a graduate of SMU and HBS, and a member of Who's Who in the World since 1965.

In 2017, Mr. Richards received the Marquis Who's Who Lifetime Achievement award.

Last updated - January 25, 2025
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