Stocks continued to drift lower today and the Dow had its worst week since March as a “triple whammy of headlines” keeps buyers on the sidelines.
The lack of a stimulus package, a rise in COVID cases, and the election next week all have one thing in common — uncertainty. And if there is one thing that the stock market hates, it is uncertainty.
On today’s MoneyLine podcast, I will discuss what’s really going on with those three headlines … why all of this is a short-term situation … and how it will ultimately lead to a massive year-end rally.
The good news is that the election should be decided next Tuesday. I use the word “should” with some caution because it is 2020 after all, so you never know. A stimulus package is almost guaranteed after the election regardless of who wins. And the odds of a vaccine in the coming months is high. All of this can help put us on the path back to normal.
I will break it all down for you and tell you my election investing plan for the next week.
Then, I’ll tell you about two sectors that are setting up as a great long-term buying opportunity. You’ve probably heard me talk about them before, but the recent action is too important to overlook.
Even more important, I will give you two stocks in each sector to keep an eye on when it is time to buy.
Are you concerned about today’s pullback in the big tech stocks after last night’s earnings reports? Please don’t be. In fact, in today’s MoneyLine I’ll tell you just how impressive earnings have been this quarter!
And then, it’s our Friday pre-Halloween question-and-answer session. We’ll hit on everything from electric vehicle (EV) stocks to SPACs to bitcoin to cannabis stocks … even McDonald’s (NYSE:MCD). Lots of stocks you need to hear about this week on MoneyLine.
I hope you’ll check out this week’s episode. No tricks … all treats!
Have a great weekend!
On the date of publication, Matthew McCall did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now.