Dear Aspiring Investor, All right. Good times. After three days of investors rotating out of growth stocks into undervalued "recovery" stocks, we're now dealing with the sobering reality of the economy and news that the U.S. just hit another daily record for viral cases. This morning the Dow Futures were off 192 points, while the S&P 500 slipped 12 points. The rotation from growth to undervalued stocks has halted. And now, investors are starting to worry after an advisor to Joe Biden suggested a very draconian approach to handling the virus outbreak. Dr. Michael Osterholm, one of Biden's top advisors, has said that a 4 to 6-week shutdown of the U.S. economy could control the pandemic and revive the economy.
It's not clear exactly how that second part of the sentence equates. But Osterholm believes that the U.S. could simply borrow enough money to pay everyone not to work. Again, how that works… I'm sure there will be plenty of questions about this plan on Thursday. Let's look at today's news and my Watch List.
Click Here to Continue Reading
Jeff Bishop P.S.: This is the time to be ACTIVE in the market. That's why I've cut my Portfolio Accelerator to an incredible price. You can get access to all my options and stock trades for just $299 over the next 90 days. Get started now.
|
Tidak ada komentar:
Posting Komentar