We’ve seen the worst, and today we saw the best.
The Dow posted its best day since … 1933! The historic rally came on the hopes of an imminent announcement regarding a massive stimulus package from the U.S. government. That led to the Dow surging 11.4% and gaining more than 2,100 points. It also hit its high of the day right near the close, which is usually a good sign.
I want to help you through this unusual time for stocks and make sure you’re positioned for what’s to come. One way I’ll do that is through additional podcasts to share my latest thinking and important information about what’s going on in the market.
A day like today warrants a special podcast. In this MoneyLine podcast, I discuss the rally and just how big a federal stimulus package could become before everything is said and done.
And I couldn’t help but talk about another headline that is not getting enough press. It’s a despicable statement by billionaire hedge fund manager Bill Ackman. Last week, he stoked enormous fear in the market and used the phrase “hell is coming.” This week, he made headlines by saying he has been an aggressive buyer the last 10 days. Are you kidding me?! You do not want to miss my thoughts on this.
Of course, the big reason for market volatility is the coronavirus. I’m constantly researching the latest news and research, and I have a few thoughts on when the virus might peak and when we might get back to normalcy.
Even with today’s bounce in stocks, the biggest move higher in the last week has been in cryptocurrencies. Bitcoin and altcoins are once again rocking as an absolutely huge catalyst is less than two months away. You want to be up to speed on this, and I have my latest thoughts for you in today’s special MoneyLine.
Finally, I don’t know how long this bear market will last, but there are ways to invest in a bear market. We’ll talk about those … and why we sold one of my favorite stocks today! Well, sort of.
I hope you’ll click here to watch today’s MoneyLine now. Expect more podcasts from me in the coming days — along with important articles — as we get through this together and come out in better position than ever.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. The power of being “first” gave Matt’s readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities.