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...]
Recession Fears Mitigated
For the time being, major media outlets are admitting a recession is no longer in site and that the U.S. economy remains strong. On Friday, the jobs data blew past expectations. The United States created 266,000 jobs in November versus 180,000 expected. The unemployment rate ticked down to 3.5% with average pay rising 3.8%. … [Read more...]
2018 Midterm Jitters
In the past few weeks we’ve seem the market become increasingly volatile. At the same time, we had the worst month since 2011. Tech and industrials led the decline. There have been varying reasons for this volatility and turmoil. I’ve heard rising interest rates, weak corporate guidance, and trade to name a few. In my opinion we are … [Read more...]
US, China Make Trade Progress
Shortly after the market topped off in January, we had a nonstop barrage of negative news. Interest rates were rising, there was political turmoil, and a brewing trade war with China. Today, interest rates are still rising, and our political system is a mess. However, it appears as if the Trump administration came to an agreement with China and … [Read more...]
Consumer Staples Crash
It’s been a rough year for consumer staples. Many of these stocks were absolutely devastated despite solid earnings reports. The consumer staples sector includes products like food, beverages, tobacco, and household items. Some of these companies recently experienced their worst 1-day drops since 2008. Unfortunately, in the short term, I don’t … [Read more...]