The ADP report that came out yesterday is a grim reminder of how big a predicament that we’ve put ourselves in by closing the economy. Like the closures or hate them, I’m not sure many had though enough about what may lie ahead.
The market is beginning to weigh these factors, but the conclusions are diverging.
Tech up, financials down, gold down, oil down, bonds down, and dollar up. Which is the odd man out?
→ Neither Amazon nor Home Depot comes close to the amazing performance of online merchant Wayfair (NYSE: W). Since bottoming out below $22 on March 19, Wayfair soared above $180 at the start of this week. That’s a gain of more than 700% in less than two months.
As for me, I’m going to sit this one out. Although I feel Wayfair has become grossly overvalued, I have learned the hard way that logic does not always prevail on Wall Street. If I were to play on Wayfair’s demise … within the next month … buying a put option that expires in June would be the least ex-pensive way to go. On May 5, a put option on Wayfair that expires on June 19 at the $160 strike price could be bought for $18. [One put option is on a minimum 100 shares equals $1800] … however, if Amazon were to acquire Wayfair … the $1800 would go up in smoke!!!
May 07, 2019
Today’s quote comes from David Bach:
“You’re richer than you think, you’re more powerful than you know, and small amounts of money can change your life.”
Cows and coffee are the key to Catherine’s success… I was part of Maria Isabel’s success; sharing her quick story below…
So little can mean so much!
I encourage you to check out Kiva.org
You choose who you will help. Make a difference!
Provide the financial means for displaced people to rebuild stable lives.
Women … on average, reinvest 80% of their income in the wellbeing of their children. 🙂