| Markets Live: Making Sense of Today's Market
Dear Profit Alerts Member,
To help you navigate today's volatile markets with even more clarity, we started a brand-new service here at Money Morning. It's a live stream with four of our industry experts. And it's happening every day that the market is open. Here's a brief recap of what they covered yesterday, Tuesday, March 31...
Chris Johnson on how trade this market (9:00 am EST)
- Chris' No. 1 takeaway: Look for the 50-day moving average to break through the S&P 500 before we know we're in a bull market again. The fact that the 50-day moving average is below the S&P tells him we're still in a bear market
- Chris doesn't expect a "V-shaped" recovery. Instead, he expects more of a longer, drawn-out bottom in the market that's going to take some time to shake out before ultimately recovering as the economy takes time to come back online in a similar drawn-out fashion
Tom Gentile on how to be a contrarian (11:30am EST)
- Tom's not buying this brief rally on stocks because they're mostly all trading on lower volume - meaning there's less conviction among buyers
- Tom's 3 Moves to Make Now:
- Take less risk in your current strategies
- Look at what is going up in a down market
- Exploit volatility on both ends
- Tom's thoughts on the Fed printing:
- Tom thinks it's far from over... He thinks $2 trillion will turn into $4 trillion soon (and possibly more)
- All this printing could cause inflation to run rampant
- So where is the safest place to store your money, according to Tom?... Gold.
D.R. Barton, Jr. on two stocks that will have longevity after the COVID situation dies down (1:30pm EST)
- As far as D.R.'s concerned, there are two narratives to pay attention to today:
- The stimulus money from the Fed
- And of course, a worldwide pandemic that we haven't seen since 1918
- So, why hasn't the stimulus money taken the stock market higher?
- Because COVID isn't solved yet - new cases keep popping up every day
- The curve isn't flattened yet... But it will eventually
Shah Gilani on the most important thing right now (3:45pm EST)
- Like D.R., the most important thing to Shah right now is: The Suppression of the Coronavirus Curve (especially in the U.S.)
- Once this dies down, the economy can resume
- But that's not happening right now so investors have reason to be worried still and that's why they're taking "chips off the table"
- In the meantime, Shah is encouraging his Members to start buying businesses (if you haven't already)
- But only buy into positions you want to hold LONG TERM
- DON'T go all in just yet
- Instead, put in about 10% of your money at a time
Catch us today - starting LIVE again at 9 a.m. with Chris Johnson, right here. To unsubscribe from Money Morning Profit Alerts emails click here.
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