COVID-19 caused many promising companies to delay going public. Now that the global and U.S. economies are slowly emerging from the crisis the IPO market is heating up again. Many companies that wanted to go public last spring are going public this fall. That’s...
September is historically the worst month of the year for US stocks. It is the only month of the year with a negative return from 1925 to 2019. You can see that in the chart below. This trend has played out in 2020. S&P 500 (SPY) was down as much as 10% from the...
Stocks were down again this week. As I said in my previous update, I view this weakness as a normal pullback after a huge rally for the last five months. I expect this pullback to be short lived and create a new opportunity to buy low. Here’s a link to last...
After an incredible rally for the last five months US and global stocks took a tumble last week as volatility returned to the market. The S&P 500 (SPY) fell 4.6% from its high point of the week. The NASDAQ 100 (QQQ) was down as much as 10% from its recent high...
Like many other states, the Pennsylvania economy has been wounded by COVD-19. However, the governor has a solution to repair some of the damage – legalize cannabis. On Tuesday, Pennsylvania governor Tom Wolf (D) announced that legalizing recreational cannabis is a...