At its lows yesterday, the Nasdaq hit correction territory, down 10 percent from its most recent high. That comes as interest rates continue to creep higher. With a week loaded with economic data, that’s no surprise.
By the end of the week we should see the latest inflation data with a CPI release on Wednesday, as well as the PPI for producer data. Retail sales will give a hint as to how the holidays performed compared to prior years, and a number of Federal Reserve members have speaking engagements which can move the markets this week.
With the Nasdaq already in correction territory, the worst may be over, but traders have plenty of reasons to keep trading light this week and look for longer-term opportunities given the likelihood of high volatility for some time to come.
Now here’s the rest of the news:
3 Reasons To Exercise Caution When Buyer Dividend Stocks
This year is already off to quite a start, as investors are “bracing for” the Fed’s first rate hike in three years. But that’s just one piece to the puzzle… [Read Here]
Central Banks Rush to Protect Themselves from Incoming Disaster
On the global economic stage, the U.S. isn’t the dominant economic superpower it once was. This comes from the declining popularity of dollars among banks… [Read Here]
January 11, 2021
The stock market had a brief shakeup on Friday. It came on news that the Democratic-controlled senate may not be as powerful as thought. Following the Georgia election runoffs, the senate is technically split 50-50, but the vice president will have a tie breaking vote. Enter Joe Manchin. He’s a Democrat from West Virginia, with a voting record that’s crossed the aisle several times.
Manchin managed to send markets lower on the mere suggestion that he wouldn’t support a plan for a $2,000 stimulus check. That announcement alone revealed the truth that with such a narrow majority, any Democratic senator can defect and hold up or derail legislation in the next two years. Fortunately, markets remembered that the Federal Reserve is still printing money like there’s no tomorrow, otherwise we might have had a down day.
Now here’s the rest of the news:
January 11, 2020
I’m trying out a new WordPress Plugin called “Video Stacker Pro.” It will allow me to preload several videos for watching on one site, in one location – without having you scroll down a long list of videos to pick-the-one-you-want-to-watch. Please tell me what you think!
I’ve got three Darren Hardy presentations for you today! Enjoy!
Was that okay? Please tell us in the comments below … 😉
January 11, 2019
When something impactful shows itself … you have a choice.
My choice is to share this 56_sec video with you! I suggest buying dozens of these and passing them out like candy to your kids!
PS: Day #5 of my challenge!
January 11, 2018
(nothing on this date!)
January 11, 2017
Day started off as normal … woke, had breakfast, went to work!
Leaving work was normal too … came home, parked the car, went inside.
Once inside … made myself a coffee, went into my office, checked email and looked at the markets … sold some stocks, bought some others. Pretty average! THEN …
When I went out to the car to run an errand …. my car would not start. The battery was dead. No go! Nothing. Back in the house … no charger, no tester.
Regrettably, I had parked in such as way … it would be extremely difficult … and with only very long booster cables … could someone give me a boost. Not going to happen!
After enjoying supper with Caryl, I hopped a bus to Canadian Tire to purchase a battery charger. Came home … attached the “diagnostic” charger, came into the house, brushed my teeth, posted this post, and in a few minutes will go to bed.
Day off tomorrow! We’ll assess the battery situation, and move on! So much for my other plans for the night!