Recent Articles
Key Takeaways from This Historic Week
You’ve seen the headlines by now. You know this was the worst week for the market since the financial crisis more than 10 years ago. I sent you a Special Market Update on Wednesday with my detailed thoughts on the action and what investors should do and not do. Today, let’s look at some of the important takeaways from this historic week and what they tell us about what’s ahead. We’ll start with a technical indicator. On Thursday, only 7% of stocks in the S&P 500 closed above their 50-day moving average. This is rare territory, lower than 98% of the historical data going back to December 2001, which means we could be close to a turn. Compound Capital Advisors looked back through the data and found this has occurred nine times.
The Panic Selling is Giving Plenty of Buy Signals – You Just Need to Know Where to Look
Stocks just endured one of their worst weeks since the 1930s. Since last Friday, the S&P 500 has pulled back 11.5%, the Dow Jones Industrial Average is down 12.4%, and the Nasdaq has fallen 10.5%. At one point today, the Dow was down more than 1,000 points for the fifth consecutive day. The selling is the result of panic and fear surrounding the coronavirus. And because the financial media is in the business of generating ad revenue, we’ve seen extremely misleading headlines that stoke that panic and fear.
Even Marijuana Bulls Should Avoid Aurora Cannabis Stock
Below $2, Aurora stock looks like a cheap cannabis plays. But Aurora has too many risks — and there are better options in the sector.
The Sell-Off Shows Why You Need Cryptos in Your Portfolio
The current environment highlights important reasons why investing in cryptos right now is a must.
Special Market Update: What You Need to Know
After back-to-back days of 3% declines, I understand why most investors are nervous about their portfolios. Add in the constant headlines regarding the coronavirus and the fear spikes even higher. That’s what we need to talk about today. I want to insert some logic and perspective into the current frenzy. Let’s start with the stock market. The S&P 500 began today down 7.6% from its all-time closing high last Wednesday. When stocks fall sharply in such a short amount of time, it tends to feel much worse than if they slid that same amount over a few months. Unfortunately, in the connected and instant information world we live in today, pullbacks are often violent and fast. But… stocks can rebound just as quickly. They usually do.
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