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WHAT hAPPENED LAST WEEK

5/25/2020

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​Here's what happened this week:

Monday: Stocks have their best day in 4 weeks, and here’s why

Tuesday: Shocking: Vaccine doesn’t work? – DOW drops 390 points

Wednesday: Crazy: Fed sees “extraordinary amount of uncertainty” – and Nasdaq is only 5% away from all-time highs!

Thursday: Stocks down, but Billionaires increased their net worth by $434 billion

Friday: Today’s market action felt like deja vu from February
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Head Stuck In The Sand ?

5/18/2020

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The one thing about change is that it doesn't change.
It just keeps changing.
The world does change... some things don't.
But one thing's for sure. If what you did before doesn't work anymore (in trading or anything), it probably won't magically start working again.

That's change.

Sticking your head in the sand about it won't fix the problem.
Hoping. Wishing. Whining. Weeping. Groaning. Ignoring. Denying.
None of those will CHANGE things back to the way they were. That’s a definite going forward.
Adapt to the change... or DIE (either a slow lingering death or a fast and ugly one).

Pull your head out of the sand... adapt to change. Embrace it.

Find your groove... and work the hell out of it until you're forced to change again.
That's how the world works, and the Internet makes that change happen even faster.
... and that will probably NEVER change. ;-)
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What went on in the market last week

5/17/2020

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Here's what happened LAST week:

Monday: Good news or bad news? – Stocks can’t figure it out and struggle to find direction

Tuesday: Stocks don’t like Dr. Fauci’s “more suffering and death” comments…

Wednesday: Stocks tank after Powell says THIS is “worse than any recession since World War II”

Thursday: 2.9 million jobs lost last week…and stocks rally? – Here’s why:

Friday: The craziness continues: Worst Retail Sales decline EVER – and stocks rally…
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The worst jobs report in history: 14.7% unemployed – and stocks rally?

5/8/2020

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  • This morning the worst Jobs Report ever was released:
    April showed that a record 20.5 million Americans lost their job.
  • And the Unemployment Rate jumped from 4.4% to 14.7%, the highest since World War II.
  • So why are markets rallying? - More than anything, traders are counting on the “worst” being behind us. With more and more states opening back up for business and the government and Fed feeding the economy with stimulus, traders are hoping that April is as bad as it gets.
  • And the NASDAQ finished higher for the 5th day in a row, closing at the best levels since February 24th!
  • Crude Oil (CL) bounced back after yesterday’s reversal. Up 4.9%, Crude Oil ended the day at 24.71 a barrel.
  • Apple (AAPL) was up 2.1% after saying they will reopen Apple Stores next week. Apple closed at the highest level the stock has seen since February 21st.
  • And the airlines got a nice boost as well: American (AAL) was up 6.3%, United (UAL) jumped 11.7% and Delta (DAL) was higher by 4.8%.
  • Earnings season is winding down. Under Armour (UAA), Cisco (CSCO) and Marriott (MAR) are a few of the bigger names reporting next week.j
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