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
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...
Hope in Humanity Story #2: Kids Today
When you turn on the evening news, every broadcast seems to bring more stories of tragedy, fighting, and petty politics. But if we take the time to look a little...
The Secret Life of Data
What data about you is most important?The data that identity thieves are after – social security, credit card, and bank account numbers – is important, as well...
Unused Vacation Days Can Be Costly
Would you give up a share of $62 billion?If your answer is no, then you may be a member of the relatively small group of Americans (36 percent) that takes all of...
Where There’s a Will, There’s a Plan
Throughout history people have made inheritance choices that are inexplicable to others. In 1926, Harry Houdini left his magical equipment to his brother, his...