The stock market is easily hung up on several newsworthy, but not necessarily economically essential events. For instance, last year marked the end of the “trade war” talk, where markets would sell off like clockwork on a suggestion of higher tariffs between the U.S. and China.
Today, the markets have a knee-jerk reaction to the upside when they hear about more stimulus. Somehow, a global pandemic managed to get sandwiched in between these somewhat inconsequential pieces of news that can move markets yet rarely rise above the level of gossip. The latest stimulus talk, with a bipartisan compromise plan, was enough to send the Nasdaq to new all-time highs.
Now here’s the rest of the news:
The Shocking Growth In America’s National Deficit
To say the national deficit is out of control may be an understatement. Our surging deficit is a sign of “spending has gone wild.”
Gold currently at $1,817.75, silver at $24.10
December 02, 2019
It didn’t take Darren Hardy long to remind us, “What Today Brings!”
Time to ‘Get Crackin’ … 😉