November marked one of the market’s best months in recent history … but we’re not done yet.
Stocks are off to yet another strong start to the last month of this crazy year, with both the Nasdaq and S&P 500 breaking out to new all-time highs as hopes of a COVID-19 vaccine before the end of 2020 are inching their way to reality.
On today’s new episode of MoneyLine, I tell you everything you need to know about the incredible month we just closed — including what it means for stocks heading into 2021 and beyond.
It’s not just stocks that are outperforming. Home prices are surging … borrowing rates are at lows … and corporate profits are set to hit their best level ever. Add that to the potential for more stimulus, a massive infrastructure bill, and an accommodating Federal Reserve and it’s clear why we’re seeing a broad-based rally.
And speaking of all-time highs, bitcoin is officially back at record levels and nearly rallied through the coveted $20,000 mark. The world’s largest cryptocurrency has pulled back in the last few hours, but I have BIG expectations in the months and years ahead. Be sure to get my latest thoughts on bitcoin and the smaller altcoins.
I also share a list of seven crypto-related stocks that any investor can easily purchase. Not all are created equal, so not only do I give you the names of the ones I like … I also tell you the ones you need to avoid.
In another part of the stock universe, SPACs remain hot, although a pullback is inevitable. You’ll get my thoughts on this important sector in the podcast, including why I’m still staying away from Nikola (NASDAQ:NKLA) as it trades lower.
And finally, I answer your questions from Twitter and explain why I sold a vaccine stock out of my personal portfolio today.
It’s all that and lots more on today’s new episode of MoneyLine, so don’t wait to watch!
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.