Here Are Today's Highlights:
This is the worst decline in GDP we’ve seen since 2008…
We all know things are bad right now...like REAL bad!
Everyday there’s a new terrible headline.
And though I believe staying informed is important, I think it’s also important to take it in small doses right now.
It’s sort of like trading in that, at the end of the day, I can’t control what the market will do...I have to go with what the market is giving me at that time.
Let me tell you from experience...when you fight the markets, the markets will always win. It’s like I have printed on my mug “Trade What You SEE, Not What you THINK.”
Because probably much like you, on multiple occasions, my response has been “OMG!” to a new report or headline...yet, as of this morning the Nasdaq (NDX) is less than 10% from its all time highs:
After the bell TSLA and FB report Earnings. Lets see how the markets respond tomorrow.
Here's what happened this week:
Monday: Stocks start the week with losses – all about earnings now?
Tuesday: Stocks at best levels in 4 weeks – Is the market crash over?
Wednesday: Stocks have a rough day after ugly economic reports
Thursday: Stocks jump on possible coronavirus breakthrough
Friday: Stocks higher for 2nd week in a row on hopes for treatment and optimism about reopening the economy
Monday: DOW rallies 1,600 points on hopes that coronavirus has peaked
Tuesday: Rally running out of steam? DOW ends negative after ugly reversal.
Wednesday: Bernie Sanders drops out of presidential race and stocks rally
Thursday: Best week since 1974!
Friday: Markets closed (Good Friday)
Here's what happened last week:
Monday: Unemployment could hit 32%…and “everything will be fine?”
Tuesday: Worst quarter…EVER.
Wednesday: Trump says “be prepared for a very, very painful two weeks” – and the DOW drops 974 points
Thursday: Another 6 million+ unemployed and stocks rally?!?!
Friday: Unemployment jumps to 4.4% and 3M taking heat for exporting face masks – stocks end week with losses