Economists have forecast some dire statistics created by the COVID-19 pandemic that brought the U.S. and global commerce to a virtual standstill, including:
- U.S. GDP growth may very well contract by 50%, a contraction not seen since the Great Depression.
- Unemployment peaked at 14.7%, and it’s currently 11.1% and will average 9.3% for 2020.
- Inflation will average .8% in 2020 and rise to 1.6% in 2021.
It’s clear that the U.S. economy is hurting and will continue to hurt until COVID-19 is contained.
With the close approaching presidential election and this historic earnings season, we could be one news story, one tweet, or one poor bellwether company earnings announcement away from a major correction.
In short, there is volatility on the table and we’re just a heartbeat away from another market crash.
Now, this sounds bad on the surface, but this is a great opportunity for traders.
If and when we get this correction, those positioned to profit will profit big.
And I am going to show you one play to lock in double-your-money gains right now… …