It was actually a decent week for the stock market despite some headwinds, including Friday morning’s jobs report that showed the unemployment rate and the number of people filing for unemployment jumped to the highest levels since World War II.
And yet, stocks rallied on Friday.
In this week’s MoneyLine podcast, I dive into the markets and break down that historic jobs number. Even though it was big, there was a silver lining… and that’s why stocks gapped higher at the open and rallied into the weekend.
Did you know that the Nasdaq is actually up in 2020?
My favorite sector is up 6.5%…
And my favorite asset class outside of stocks is up 40%!
I talk about all three in the podcast.
Last week, I asked folks whether they would buy Amazon (AMZN), Apple (AAPL), or Microsoft (MSFT) right now. I reveal what your fellow investors had to say… and I’ll tell you my favorite of the three.
Then, I unveil this week’s question of the week. It may be a little controversial, but that’s never stopped me before! And I’m ready for another week of big engagement from everyone.
Then there is the big news of the week – bitcoin is back above $10,000! The biggest cryptocurrency is breaking out with the “halvening” – a huge catalyst – now only a few days away. I like bitcoin. I own it. But I have to tell you that some of the altcoins are doing even better.
In fact, one of the altcoins in our Ultimate Crypto portfolio is up over 100%… in just the last week! It’s the second of our original six altcoins to double since we started the service in January.
After that, we have some fun. I discuss two stock calls (and that’s being nice) from big name research firms that show just how lazy Wall Street has become – and why you can pretty much ignore Wall Street.
And of course, I wrap up the show on a positive note as I always do with some encouraging stats from AAII, the American Association of Individual Investors. You will be surprised at the numbers… and why I believe they show this current market rally has legs.
All this and more on this week’s MoneyLine podcast.
Stay safe and have a great weekend.
P.S. The halvening I mentioned is literally just days from now, so time is of the essence. Given the explosive gains in cryptocurrencies the first two times this happened, I’m here to tell you that people who invest modest stakes now could make millions of dollars.
My team and I dedicated the past few months to crafting a 10-factor system for picking cryptocurrency investments. One of my recommendations just “uplisted” to a major crypto exchange owned by the billionaire Winklevoss brothers… something only bitcoin, Ethereum, and a few others have accomplished.
I believe it could soar 10-fold or more from current price levels. Click here to discover how to find out the name and ticker symbol before the big event.
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