There has been a lot of panic in the stock market over the last few weeks. Cases of the coronavirus from China are spreading around the world and the United States is sounding the alarm. But the House of Representatives passed an historic $2.3 trillion stimulus package on Friday. What does this mean? Tune in to this episode of “Moneyline” with Matt McCall for everything you need to know on the bill.
Many American adults are getting $1,200. Businesses — even large businesses — are receiving government support. So what’s next? Are we really headed into a new bull market?
Well, Matt McCall is excited about the stimulus package, and he’s also excited about last week’s three-day rally. But he’s not ready to call it a bull market. Instead, he thinks we are looking at a bear market rally. As scary as “bear market” sounds, don’t worry. He’s still confident we are going to see a U-shaped recovery when coronavirus fears start to subside.
There’s something even scarier than the phrase “bear market,” though. Media organizations. Investors are facing unprecedented levels of panic over a global pandemic. Headlines focus on rising death tolls, political drama and financial losses. No one is talking about the positives, about those who have recovered from Covid-19 or promising treatments.
So, turn off the news. Trust people like McCall with your money, and don’t stress about it day to day. And remember to take a walk outside and get a breath of fresh air. Panicking isn’t making anyone any money right now.
Need more of a reassurance? Join Matt McCall on Wednesday, April 1 to learn more about his market roadmap. Here’s a hint — he sees the stimulus package leading to a big stock market breakout.
If you’ve been following McCall for a while, you know he’s super bullish on bitcoin. And the coronavirus situation isn’t shaking his interest in cryptocurrencies. Why? In just a few weeks, the market is set to experience a “halvening” — a day when the amount miners receive in new coins is halved.
Historically, the price of bitcoin has exploded after these halvening days, and the rallies have lasted for 12 to 18 months. But don’t forget that bitcoin is a high-risk, high-reward investment. If you are risk averse, cryptocurrencies simply aren’t an investment for you.
Keeping your cool can be hard when you notice losses, but Matt McCall has a piece of important advice. Treat your bitcoin — or other investments — like a venture capitalist. You put the money in and watch it growth, and some volatility is inevitable.
Need another example? Treat your long-term portfolio like you treat your house. Chances are you don’t obsess over your home’s price on a day-to-day basis. That’s exactly how you should be treating your portfolio of stocks and other investments.
What else is McCall watching besides bitcoin? He’s looking at stocks like Regeneron Pharmaceuticals (NASDAQ:REGN), Clorox (NYSE:CLX), Citrix Systems (NASDAQ:CTXS) and even gold miner Newmont (NYSE:NEM). These aren’t necessarily “buy” recommendations, but they’re tickers worth another look.
For more on Matt’s roadmap — and how the stimulus package is involved — tune in to “Moneyline.” Plus, he’ll answer top questions about Boeing (NYSE:BA) and share what he wants to see from the federal government next.
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.