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.
President Joe Biden just laid out his infrastructure plan… And he wants to spend a jaw-dropping $174 billion on boosting the electric vehicle market. That’s more than he wants to allocate to highway and bridge repairs! So it’s only natural that everyone’s asking me how Biden’s infrastructure plan benefits EVs. […]
Wall Street started the week on a bullish note amid expectations of further stimulus that could be issued by the incoming Biden administration — and more in Tuesday’s stock market recap. Comments from Treasury Secretary nominee Janet Yellen, the Federal Reserve Chair under President Barack Obama, also lifted sentiment after […]
The current market cycle is not only the best one we’ve ever seen for value investors, but also traders. Thanks to the trade war with China and an upcoming U.S. presidential election, there’s a lot of economic uncertainty in the world.. That’s when the stock market gets volatile. And when […]