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...]
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...]
Coronavirus Batters Stocks
Sooner or later we were bound to have a nasty correction. I wasn’t sure what the catalyst would be, but I knew it was coming. We discussed, in subsequent posts, how I thought it might have to do with politics. Instead, a novel virus with origins in Wuhan, China has spread across the world. Thankfully, China now appears to … [Read more...]
Target is #1
In September 2016 I acquired Target’s stock in the upper 60s. This was shortly after the company went “political” and sparked a boycott from conservative groups. In addition, the company was facing stiff competition from Amazon and other retailers were failing everywhere. I watched the stock fall into the lower 50s. As it collapsed further, I … [Read more...]