The stock market had its steepest and shortest bear market last year, with a contraction of nearly 30 percent within the span of a month. Now, a year into a recovery, the rally in stocks has started to slow.
One reason? Growing policy uncertainty. Stocks sold off Friday as a Fed President made the case for housing getting into bubble territory and a need for interest rate hikes next year. Just like in the early 2020s, in the post-financial crisis rebound, fears of reduced monetary policy are usually good to create a pullback in markets.
We’re still a long way from a healthy, fully-reopened economy. But the amount of stimulus this time around and stepping back from that will create challenges… and market fears that create long-term buying opportunities.
Now here’s the rest of the news:
Insanely Cheap Energy: How Solar Power Continues to Shock the World –Royce Kurmelovs,The Guardian
Australian smarts and Chinese industrial might made solar power the cheapest power humanity has seen – and no one saw it coming… [Read Here]
May 03, 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 of the Gannet Nesting at Cape St Mary in Newfoundland…
May 03, 2019
May 03, 2017
Keeping my losses small is one of the best ways to protect my gains. It can be hard to let go of our losing trades … but essential. 1
Working with a new “real time market investment university program” on my PC called VectorVest. It’s under a trial subscription now, but in weeks the Monthly Subscription [$137 USD for RealTime or $87 USD End-of-Day] will kick in!
I can cancel anytime!
The investments I’m watching right now are all resources stocks on the TSX — MNY, TSN, and GRG.
Nothing bought yet, just watching.
1. Most individual investors… They let their weeds become bigger weeds. And they trim their roses before they even start to bloom. Do that long enough, and all you’re left with is a worthless pile of weeds.