The disconnect between stocks and the economy continues! Share prices are still trading close to all-time record highs, at least on the surface. Tech companies and Covid beneficiaries are surging. Meanwhile travel, leisure, energy, and many more businesses continue to struggle. In my personal portfolio, Apple, Fastenal, … [Read more...]
Apple: King of the Dow
The coronavirus continues to ravage the U.S. economy. Cases are still largely rising in parts of the south and some states have even paused their reopening plans. Needless to say, the economy may take a bit longer to recover. Even so, there are certainly bright spots in the market. Some big tech firms are defying the trend … [Read more...]
The Great Comeback
As of June 10th the Dow closed at close to 27k and the Nasdaq hit another all-time high! Companies beaten down by the pandemic are seeing their prices recover from March lows. At the same time, companies that flourished during the pandemic are driving the tech heavy Nasdaq to new heights. My securities like Apple, Amazon, and Microsoft all … [Read more...]
A Great Depression?
Earlier last week, nearly 3 million unemployed workers applied for benefits last week. This comes as companies continue eliminating jobs in the face of a viral pandemic. This brings the total number of jobless claims to close to 36 million. Some areas of the country are experiencing an unemployment rate of over 30%; similar to … [Read more...]
Dividend Income Safe – For Now
In my last post I discussed how a large chunk of my personal wealth evaporated in weeks. The virus shut down the economy and ravaged all our stock portfolios. Thankfully, there was a rapid, but partial recovery. The Dow seems to have stabilized in the 23-24,000 point range. This is largely due to a “flattening” of the curve … [Read more...]
Standing Ground
CRASH! March by far was the worst month of my investing career. At the bottom I was down nearly $50,000 or approximately 29%. This was a better performance than the broader market, which saw even steeper declines! The energy and travel sectors collapsed. Boeing, one of America’s largest, most important companies lost … [Read more...]