The threat of higher taxes caused a selloff in stocks on Thursday, but markets shrugged it off the next day. Why? A few reasons come to mind. First, the higher rates are only set to kick in at $1 million or more. Second, with so many ways to offset income or invest in tax-advantaged accounts, the higher rates wouldn’t affect most workers. And finally, the proposed rates are likely far above what can likely be passed in Congress.
This is what the market does with all information. It prices it in quickly and efficiently. In the meantime, earnings season is coming in strong and the economy looks to expand at a rapid rate with many more states reopening. If the market is going to have a selloff – which can occur at nearly any time and for nearly any reason – it won’t be a big, obvious one like marginally higher tax rates.
Precious Metals Prices
Price at week’s end (change over last week)
Gold $1,778.89 (+0.02%)
Silver $26.11 (+0.2%)
Platinum $1,236.71 (+2.1%)
Palladium $2,890.01 (+2.8%)
Now here’s the rest of the news:
Asia Gold Demand Soars: China Gold Imports Explode, India Hits Record Buying
China’s central bank is looking to buy 150 tons of commercially-available gold for import. On top of India’s record-setting 160 tons of gold imported in March, where will prices go? [Read Here]
April 26, 2020
Here’s to a better YOU … and now …
Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
I’ll leave you with a picture Cycling home to where you’re the happiest…
April 26, 2019
4 Tips to sleep better…
Do you wish your brain had a switch that would turn your mind off at night? With “on the go” schedules we often fall short on solid shut-eye.
Here are 4 simple tips to sleep better and say bye-bye to those sleepless nights…
1.- Stick to a Schedule — To sleep like a baby, you must stick to a schedule – like a baby! We really can’t tell you what routine suits you. Go ahead and set your routine according to your own schedule. Fix your sleep and wake-up timings and try sticking to it (No! You can’t skip weekends). This will help anchor your body clock and will rule out the need to even set an alarm in the days to come.
2.- Time those workouts or activities — Regular exercising and staying active is an excellent way to improve your sleep. Especially if you do this in the morning, as it can keep you charged throughout the day. However, if you very active in the evenings, try to finish it off at least four hours before bedtime so your body has a chance to wind down and relax.
3.- Give yourself a Tech Curfew — It’s difficult, but try to say NO to technology after entering your bedroom! TV’s, cell phones, tablets, laptops — all emit blue light that tricks your body into thinking it’s time to perk up and stay alert. Keep your devices out of your reach when you know it is time to doze off.
4.- Relax your Mind — You have turned off the iPad and the TV, now what? How to switch off your mind? Read a book, listen to soft music or do something that soothes your mind and relaxes you just before going to bed. Don’t worry, there will be things to do when you get up.
Let me know how these work for you!