News and Updates
S&P 500 Down 32% From 52-Week High: Is This the Bottom?
How much lower? That is the question everyone is asking after stocks logged one of the biggest weekly declines ever. Despite the carnage – today I am going to reveal my forecast for the next few weeks and why I am optimistic the global economy and stocks will recover sooner than most expect.
S&P 500 Soars +10% on Friday: Is the Worst Over?
After a brutal three weeks, global stocks saw a huge relief rally on Friday. The S&P 500 jumped +9.3%. The NASDAQ jumped +9.4%. It was the best one day jump US stocks have seen since 2008. The rebound was triggered by three powerful forces.
S&P 500 Most Oversold in 12 Years – Time to Buy?
Global stocks are having one of their worst weeks since the global financial crisis of 2008. Investors are nervous and looking for guidance. Today I am going to share my outlook for global stocks – and share two portfolio strategies.
S&P 500 Down 18.5% on Coronavirus and Oil – Here’s the Plan
It was a brutal day on Wall Street. US stocks has their worst day since the 2008 financial crisis. The S&P 500 is down 18.5% from the 52-week high, just short of a bear market which is a decline of 20% from the 52-week high.
Coronavirus Hits Cannabis Stocks – Buy, Sell or Hold?
This should be a pivotal week for the broader stock market and the cannabis sector. Global stocks are coming off a tough week – battered by the impact of coronavirus. The S&P 500 had its worst week since the financial crisis, falling 12% in five days.
S&P 500 Down 13% in 5 Days on Coronavirus: Here’s the Plan
It’s been a brutal week for global stocks as coronavirus continues to weigh on the global economy and investor sentiment. According to data from Factset, this is the Dow’s 14th worst 5-day sell off in 124 years.
Will Coronavirus Cause a 20% Pullback in S&P 500?
The Covid story is loaded with highly questionable government data, a quickly growing death toll and conspiracy theories that look more like reality every day. Best case scenario: Covid 19 is an aggressive form of the flu. Worst-case scenario: This is a man-made bio weapon with the ability to end human civilization within a few years.
Canopy Jumps 16% on Strong Q3 Results
Canopy Growth Corp (WEED, CGC), the largest cannabis company in the world, jumped 16% today after reporting third-quarter earnings that beat expectations and showed sharp improvements from last year. The strong report should set the tone for the next few months.
Cannabis Stocks off to Hot Start in 2020
After struggling in the second half of 2020, cannabis stocks are off to a hot start in 2020. For example Canopy Growth Corp (WEED, CGC) is up 25% in 2020 and up 65% from the 52-week low in late November.
The S&P 500 up 29% in 2019 – More Gains in 2020?
2019 was an excellent year for global and US stocks. However, despite my expectation for some short-term volatility – I am expecting another solid year for US and global stocks. At the highest level, when stocks have a monster year like 2019 it usually leads to another good year. Here are some more details from CNBC.