Good morning, and Happy Memorial Day.
The market returns of the past few years have been driven by a handful of big tech names. Sporting strong growth and high profit margins, they’re also dominating retirement accounts via funds that purchase stocks based on their market cap.
This big-tech trade was starting to look out of favor in the past few weeks, and being written off as dead. Any time an investment is being touted as dead may be a good time to look at allocating some capital to the trade. Sure enough, as some of the last big-name tech firms started to report earnings, the space has turned around.
Now here’s the rest of the news:
Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks under Mountain of Reserves –Wolf Richter,Wolf Street
This is the first time that I have seen Wall Street banks clamoring for the Fed to back off as the banking system is creaking and straining under the huge pile of reserves… [Read Here]
May 31, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describe the beauty!!! Boats in the town of Ferryland, Newfoundland
May 31, 2019
May 31, 2018
“What you can create will absolutely astound you, but you have to start now.” —Marie Forleo
May 31, 2017
Most people quit the moment they experience disappointment. “IT” can be anything… a marriage, a debt, a new job, a puppy … anything!
It’s a test to see if you will stay in the game and persevere.
Very few people stick around until they get it right.
In fact, the ONLY difference between you and the leaders in your industry is that they have done more calls than you, talked to more prospects than you, practiced more than you and endured in the game longer than you.
You must become obsessed with sharpening the AX in the areas that you need to get better at.