Market Update: Friday, May 29, 2020
U.S. markets were choppy on Friday’s open as Wall Street awaited President Trump update concerning China’s new security law on Hong Kong. His press conference in the afternoon included some strong language, but did not make any indication that the U.S. would withdraw from its trade pact with China or impose financial sanctions.
This Economic Storm is About to Get Worse
I see a lot nodding, bobbing talking heads lately on CNBC and Bloomberg all proclaiming that stocks are rising because the economy is fundamentally sound and stocks are cheap and so everybody should be buying.
Is This the Best Long-Term Play?
Long-term plays are hard to come by in 2020. But the recent pandemic-fueled market downturn (and economic fallout) doesn’t mean you can’t continue to grow your wealth.
Top Social Media Stocks
Right now, the world is online… With everyone stuck at home, we’re seeing people log more and more hours on their phones and social media channels.
A Beginner Trader’s Mind
Do you remember when you first started trading? Things were so fresh and new… always trying out new indicators and discovering a pattern you’ve never recognized before.
Beware of the Greatest Insider Gold Trade Scheme EVER
If you are a bullion holder in a Negative Swap Line (-SWAP) Nation – please pay attention.
Memorial Day’s Secret Origin
It is the day we celebrate those men and women who died in military conflict serving the United States. Flags and flowers are placed by soldier’s gravestones from sea to shining sea. There is a country-wide moment of silence at 3pm local time no matter where you are.
These Unlikely Stocks Are On The Rise
There’s a strange new trend developing in the market — the weakest stocks of 2020 are starting to rise.
Market Update: Thursday, May 28, 2020
U.S. markets were volatile on Thursday and closed lower following another round of disappointing, but better-than-expected, economic news and escalated tensions with China over a new security law concerning Hong Kong. National Economic Council Director Larry Kudlow said the Trump administration is looking at a lot of options for a next phase coronavirus bill also helped bullish sentiment after the open. He added the administration is considering deductions for restaurants and travel and weighing a potential back-to-work bonus.
What Would Warren Buffett Buy?
I’ve been studying his investment strategies in great detail for years, and one of the most important takeaways I got is: simplicity.
Is the Stock Market a Casino?
Since the onset of the Coronavirus, we are experiencing things never before seen in this lifetime. New norms socially, politically and economically. The stock market is no different.
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Roger Scott is a professional trader and a successful entrepreneur with over 20 years of experience in the financial markets.