Historically, about 75 percent of the time, whatever the market does in January it will do for the rest of the year. Barring a strong rebound in the coming weeks, that could bode for poor performance for stocks in 2022. However, the stock market also tends to rally about 75 percent of the time in a year when the Federal Reserve raises interest rates 4 times, as is expected to happen by the end of this year.
Obviously, only one of these scenarios is likely to play out this year. The trick, then, is determining which one will happen. With stocks already looking bearish right now, and with the understanding that nothing moves in a straight line, a number of other factors may tip stocks into moving higher this year.
That’s provided job growth remains strong (even if below expectations) and if inflation growth starts to slow (even if inflation rates remain higher than average. Either way, traders should expect continued volatility.
Now here’s the rest of the news:
Analyst: Here’s What Will Push Gold to a Record High (Very Soon)
David Lennox, a top commodities trader, went over the factors that are pushing gold toward all-time highs. He says the target investors should look out for is… [Read Here]
This Strange Economic Trend Has Experts Confused And Speechless
In December, based on officials numbers with the IRS, there was a strange 20% increase in a certain economic trend, according to the Census Bureau. The explosion of certain financial applications has experts surprised given the large inflation we… [Read Here]
January 19, 2021
This week marks a large number of corporate earnings. Giants such as Intel, Netflix and Goldman Sachs, among others, will report. These numbers will give a reasonable idea as to how the economy fared in the holiday season. More than anything else, it’s these changing corporate earnings — and expectations of future earnings — that are likely to move stocks over the long haul.
That’s even more important than America’s political divide as Joe Biden takes the oath of office on Wednesday, although that’s likely an issue that will weigh on some companies down the line as well. For the social media giants that have been purging subscribers, just remember impacted earnings numbers won’t be known until the first quarter of 2021 is closed. Based on last week’s selloff, however, we know the blowback is huge, and possibly growing.
Now here’s the rest of the news:
Here’s How Many Jobs Biden’s Proposed $15 Minimum Wage Could Kill, According to the Congressional Budget Office –Lucas Manfredi, FoxBusiness
The $15 minimum wage would boost workers’ pay, but the CBO says this would be offset by unemployment, reduced business income, and higher prices. [Read Here]
January 19, 2020
Shares of Tesla Motors topped $500 per share for the ﬁrst time Friday. Multiplied by the number of shares, the company is now valued at $90 billion, making it the 2nd-largest automaker by market cap, just behind Volkswagen.
But there’s a striking difference: Tesla sold about 367,500 cars last year, and the German automaker sold just shy of 11 million. With shares of Tesla more than doubling in the past few months, the move has started to go parabolic. Shares had gotten oversold into the ﬁrst half of 2019, but now it looks like the opposite is taking hold. In turn, this may prove to be the biggest sign yet that the market is getting ahead of itself.
“Success doesn’t come from what you do occasionally. It comes from what you do consistently.”
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
A trip to the French islands of Saint-Pierre and Miquelon is a must for anyone planning a trip to Atlantic Canada.
With a piece of Europe just 20 km from Newfoundland’s southern coast. We are all Creatures of Habit! 😉
January 19, 2019
Day #13 of the 14_Day_Challenge!!
Coffee Crisis — Enough is Enough!
I can’t stands no more…. Caryl & I watched intently the NESPRESSO tv-infomercial recorded the previous evening — like the late-nite adverts for blenders, organic gardens, and swiss army knives. This info-commercial was on a ‘complete’ Nespresso Machine and Frother… [seen below].
When we really thought about it, we didn’t need, or want to use Pods, Press Espresso, or deal with the Steam-Spitting finger… We only wanted a reliable way to reheat our coffee and heat cold milk for Lattes, and make hot chocolate, and froth our milk for cappuccinos… “Easy yes?” Actually it was, once we learned the right questions to ask. [Keeping our ‘microwave free zone’!]
Heading out the door to Bed, Bath & Beyond, coupon in hand, we found the Nespresso Frother held only enough liquid for one cup of coffee; much too small for our coffee drinking demands, and quite difficult to clean for a single or second cup. Around the corner, we discovered the ideal unit, however ‘much it cost, it wasn’t in stock’.
Vowed to never give up, we decided to go online! We DID find the unit… placed an order, and will pick it up tomorrow at BEST BUY.
January 19, 2018
January 19, 2017
Great day today to REALLY go through the stacks of papers that were in dire need of sorting … threw some away some, filed a lot, and found new homes for large bunches of them. “Cleared the clutter” is a very nice way of saying that the “work area is now ready.”
Picture of my office AFTER the decluttering [here]
Stayed up later than I had planned tonight. Must quickly get ready for bed … as I have an early start tomorrow!