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
A preview of the SECURE Act
A preview of the SECURE Act, a new retirement bill out of the House of Representatives. Earlier this year, the House of Representatives passed a new bill called...
Thanksgiving 2019
Happy Thanksgiving! We hope you have a wonderful day spent with family, friends, and great food. As you know, Thanksgiving is a time for reflecting on all that...
Will There Be A Recession?
The simple answer is probably. Historically, the American economy has grown in fits and starts, otherwise known as recessions and expansions. As a result, it is...
Veterans Day 2019
In 1945, there were sixteen million of them. Today, there are less than 500,000 left. They endured the hardships of the Depression. They watched firsthand as...
Inverted Yield Curve – Should You Worry About A Recession?
If you ask an economist what makes them toss and turn at night, chances are they’ll tell you, “Fear of missing the warning signs of a recession.” After all, for...
Recession 101
“Markets are flashing deep red as investors worry about the health of the economy” - CNN Business “S&P and Dow Slide as Evidence of Global Slowdown Mounts” - The New...