All,
We are still on a “technical buy” – meaning we are staying in the markets. Please view the chart below. Green is good, red is bad, and we have a 45 degree trend line in play. Notice that today we have recovered the 50 day moving average, this is a good sign as it indicates a positive movement in the market. The farthest, right hand side green bar, crossing thru the thick Fuchsia line. Even though CV19 is still a major problem, and unemployment claims have gone up again this morning, many believe the worst may be behind us. Everyone has an opinion. Either way, the market is liking the prospects for a recovery, and partial state-by-state openings. Also, unless the deal falls apart at the last minute, another $425 billion small business stimulus package should pass the House today, having already passed the Senate.
I’m trying to not overload you with info, but just hit the high points.
As before, call me if you have any investment questions!!!
Jack
240 401 2355
Most Popular Financial Stories
The Decade in Review
2010-2019: The Decade in Review Every January, we send our clients a letter titled The Year in Review, where together we look back at the year that was. What...
Breaking down the SECURE Act
What You Need To Know About The SECURE Act In December, Congress passed a new bill called the Setting Every Community Up for Retirement Enhancement Act, aka the...
The Story of Operation Christmas Drop
We recently came across a story that, to us, is a perfect example of what this holiday season is really all about. We thought you might like to read it, too. As you know,...
How several boys learned that the holiday season is a time for giving, not getting
We recently came across a story that, to us, is a perfect example of what this holiday season is really all about. We thought you might like to read it, too.As you know,...
What’s the Best Gift this Holiday Season?
You’ve probably never asked your adult children and younger relatives whether they have security software on their computers and devices. Why would you? They’re...
Understanding Credit Reporting
Historically low interest rates present a welcome opportunity for many homeowners to improve their financial situation by refinancing their mortgage. But, like...