And just like that, the longest economic expansion the U.S. has ever seen is over.
GDP data for the U.S. first quarter came out 4.8% lower today, and while investors were preparing for an annualized drop of 5%, the report is still incredibly alarming.
Six years of growth are gone in the matter of two months.
There’s an urgency to restart the economy, including from President Trump. He’s asking some governors to lift lock-downs amid re-election.
In today’s video, I’m also covering whether top tech stocks will rally… the weakest sector right now… a high probability trade with entry and stop loss… and the best way to profit from the industrial sector.
Everyone is talking about how GameStop, a perennially beaten-down video game retailer, has rocketed to the moon… and back… and to the moon again on a short squeeze. Folks, it’s already been a wild week on Wall Street and we’re not even halfway done yet! Heck, even Tesla CEO Elon […]
Options trading can be a smart way to take advantage of the stock market’s price action, as it offers a cheaper way to go long or short on stocks while limiting your downside risk. But invest in options without a game plan, and you may end up losing a significant amount […]
Today, let’s shift gears in our usual market analysis, and answer the question that’s been on trader’s minds lately: Will the stock market rally end by Labor Day? For now, I think the market’s going to head higher, so I suggest you enjoy the ride. BUT, don’t get too comfortable […]