It’s been a great earnings season. But companies like Amazon (AMZN) are now in correction territory, down 10 percent, since reporting record blowout numbers. Other big tech names are in the same spot. And smaller tech plays? They’re likely already in a bear market.
It’s a combination of factors at work. The first is rising inflation numbers. The second is the prospect of higher interest rates to curb inflation. And finally there’s the fact that companies are coming off of earnings that look great compared to a year ago at the start of the pandemic. All these factors suggest some caution, as a further selloff may be ahead. But if history is any guide, a modest correction in the 10 percent range is likely the maximum.
Now here’s the rest of the news:
Politicians Invent New Retirement “Solutions” That Don’t Make Any Sense
If the Social Security Trust’s shortfalls aren’t addressed, it’ll be in big trouble just over a decade from now. Pensions are at risk, too. Here’s how you can protect your retirement from a committee cancelation… [Read Here]
Inflation Outpacing Economic Growth, Threatens to Strangle Fledgling Recovery
Across the board, companies are raising prices. Their costs are higher. That means we pay higher prices, getting less for every dollar we spend. Based on the numbers, it’s likely to get a lot worse very soon… [Read Here]
May 05, 2020
Turning the “Lock Down” into freedom for life.
After wilting into the end of last week, it was the big cap tech names that held prices up early until other sectors could come around.
Financial were weak early being down nearly 3%, but only finished off less than 1% by the end of the session.
Was it the “force” of May the 4th that shone through, or is this a tone that’s being set for a rally the rest of the week? Probably the latter, as the market seems poised to retest last week’s high.
Question: “Would you hire you?”
May 05, 2019
How I Do Anything is How I Do Everything
(Say this 3 times today)
Often, when students ﬁrst come to us, they are disappointed with the current results they are getting in their lives. I get it. That constant feeling of taking one step forward and then two steps back sucks. It’s frustrating when we don’t reach the goals we set or to watch other people succeed while we aren’t.
So, what makes the difference? What I have found with people either becoming “successful” or not comes down to 3 factors… and NONE of them have to do with tactics, tools, or strategies for success. If you can embrace these 3 factors, then progress towards your goals and dreams becomes natural and almost effortless.
So, what 3 factors were we talking about? Well, WATCH ABOVE and take notes!