The Dow is on track for its best week since 1938 – but that doesn’t mean it’s all blue skies ahead.
Last week’s unemployment claims, released Thursday morning, soared to an unprecedented number of 3.3 million – the highest in history. Second place isn’t even close, with the previous high sitting at just 695,000 in 1982.
Never in my lifetime could I have imagined an event like this. With businesses across the country shutting down, the economy is in danger of plunging into a full-blown recession – and there seems to be nothing we can do to stop it.
The word “recession” is scary. But it’s not the end of the world… not even close.
In fact, you could come out of it even stronger than you were before.
I've been trading for over 30 years now, and sometimes, it feels like I've seen everything. But this month has been a serious reality check. For as long as I've been alive, I've never seen anything like this. All major indices have hit new...
The phrase no one can predict the future has never rung truer than it does right now.
Back when I first heard the word “coronavirus” in January, I could never have predicted it would lead to stocked fridges and toilet paper sell-outs.
See, in the past month alone, restaurants around the country have closed. Schools have moved entirely to online learning. The markets have tanked 30%. And I’m willing to bet the majority of you are reading this from your couch, back aching from leaning over a laptop all day.
Businesses and individuals everywhere are losing money. And when you’re watching cash flow out of your bank account, it’s hard not to panic.
But you don’t have to feel trapped in the market meltdown. There are three things you can do right now:
Easier said than done, I know. But that’s exactly why I’m here.
I’m going to show you how to employ these three steps starting today.
Heads Up: The S&P is down over 14% year-to-date. But these traders aren’t playing stocks – and they’re up 74.38% since January 1. Find out how to tap into this little-known market right here.
Filling your tank is about to get cheaper.
An oil price war between Saudi Arabia and Russia erupted on Monday morning, causing U.S. crude to fall 26% for its worst day since 1991.
See, the two countries are increasing their oil supply at a time when demand is low, with travel decreasing due to the coronavirus. Add increased supply and decreased demand together, and you get oil prices at 18-year lows.
But there’s an opportunity hidden beneath the rubble of the commodity’s crash – and I don’t just mean cheap gas.
Famed investor Warren Buffett said it best: “Be fearful when others are greedy. Be greedy when others are fearful.”
With the market’s fear gauge, the CBOE Volatility Index (VIX), at its highest level since the 2008 financial crisis, you can’t deny that fear is rampant in this market…
Then, Wednesday, March 4 saw a 4% jump after Joe Biden’s Super Tuesday win – only to have the major indices open 2% lower the next day.
Feels like the fast up-and-downs of a rollercoaster, right? The kind that makes your stomach squirm. And the ride is far from over…
On March 3, the Federal Reserve slashed interest rates by 50 basis points, its largest cut since the 2008 financial crisis. The simple fact that the Fed feels the need to cut rates at all means that there’s only more volatility to come.
But while most investors suffer from the market’s whiplash, those “in the know” are enjoying the ride, snagging fast profits right under their noses.