If you thought that the technology rally was over, you’ll have to think again. The Nasdaq motored to another all-time high fueled by a 5.77% advance in Amazon shares.
Chinese companies were exploding higher on Chinese economic data and stimulus hopes. There were some mildly bearish trades on QQQ, but ultimately the out-look appears to remain one that is accelerating its pace to the upside.
Here is the rest of the news:
Investors Face a Long, Hot Summer
…according to John Persinos
If you looked at the stock market on January 1 and then slept in a cave for six months and glanced again at the market on June 30, you‘d think: Hmmm. Stocks are only down 4%. Must have been an uneventful first half.
But as we know, the first six months of 2020 were among the most volatile and traumatic in market history.
A financial Rip Van Winkle would have missed a 35% decline from February’s record high and a 44% rally from March’s low. The magnitude of the first quarter’s decline made it the fifth-worst quarter since 1950, while the gain in the second quarter was the third-strongest. The first quarter witnessed the sharpest bear market drop on record.
The U.S economy contracted 5% in the first quarter. Unemployment in Q1 went from a 50-year low of 3.5% in February to 14.7%, the highest level since the Great Depression. All told, we’re witnessing the worst downturn since the 1930s.
In March and April, the U.S. lost an unprecedented 22 million jobs. In May and June, the economy added back 7.5 million jobs. U.S. payrolls grew by 4.8 million in June, the Labor Department said Thursday. The unemployment rate fall to 11.1% in June, down from 13.3% in May.
Wall Street is optimistic that a robust economic recovery is around the corner. On June 30, the three main U.S. stock indices closed the second-quarter with their best quarterly performance in decades. The Dow Jones Industrial Average ended Q2 with a 17.8% gain, the S&P 500 rose nearly 20%, and the tech-intensive NASDAQ Composite soared 30.6%.
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“I was worth over $1,000,000 when I was 23, and over $10,000,000 when I was 24, and over $100,000,000 when I was 25, and it wasn’t that important because I never did it for the money.”
July 07, 2019
Do you hate questions?
What was your answer the last time someone asked you, “How have you been doing?” If you said, “Busy,” you’re certainly not alone. We hear it more often than not, and to be perfectly honest, we often feel the same way.
But here’s the deal: There’s a tremendous difference between being busy and being productive. Even more, there’s a big difference between productivity and focused productivity.
As the quote above suggests, being busy and productive without clarity about your priorities and a focus on what’s most important is useless. Heck, you could argue that it’s worse than useless; it’s potentially harmful and damaging.
So, how can you avoid the “productivity trap”? Here are a few ideas:
- Make a “not-to-do” list.
- Let go of the rest.
- Plan ahead.
- Clear the clutter.
- Put one foot in front of the other.
- Batch similar tasks together.
- Set a timer.
- Schedule mini-workouts.
- Improve your communication.
When you combine productivity with focus, well that’s where the magic happens.
Get-rrrr Done, 😉