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Trading Strategies

The Bulls Are Wrong. So Are the Bears…

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Last Tuesday through Thursday, the markets were on a tear.

Action was being taken against the coronavirus pandemic, the President was signing the stimulus bill that Congress had bickered over, and Boeing Co. (BA) jumped 70.5%.

For the Dow and S&P 500, it was the first three-day win streak in months.

Then come Friday, markets tumbled. Still, the Dow was up 12.8% for the week, the best weekly result since 1938.

The big question for April and beyond is whether the winning streak of the middle of last week will carry on, or whether Friday's tumble is a sign of things to come.

For the bears, we're on the express elevator to an 80% drop, no question about it.

But the Reality Gap here is that, while the bullish believers are convinced they have it right, so do the bearish ones.

And while those two forces battle it out, we're not going to get either of their outcomes.

Here's why...

Economic Data

The Market Looks Past 3.28 Million Newly Unemployed and Soars: Is That Crazy?

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Initial jobless claims for the week ending March 21, 2020 were a record 3.28 million.

That's 11.6 times the week before when 281,000 claims were filed, and 4.72 times the previous record of 695,000 Americans seeking benefits way back in the week ending Oct. 2, 1982.

But that didn't stop the Dow Jones Industrial Average from soaring 1,351.62 points, or 6.38%, to 22,552.17 yesterday.

Is that crazy? No and yes. When you put this rally in context, it looks one way. But, we cannot forget what's coming for us.

When you put this rally in context, it looks one way. But we cannot forget what's coming for us...

Stocks

5 Stocks to Avoid During the Coronavirus Recession

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It's clear the economic impact of the coronavirus crisis is creating challenges for most companies.

But for those companies that were struggling before the virus struck, life will be exponentially more difficult.

In particular, companies that were carrying a lot of debt and that were under scrutiny from the credit rating agencies will face a tougher road back to "normal" – if they can even get there.

Stay away from these five stocks right now...

stocks

What Today's Record Jobless Claims Mean for the Stock Market

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This morning, the U.S. Department of Labor reported a record number of Americans seeking unemployment benefits last week.

Following the closure of businesses across the country and the rise of "Social Distancing," nearly 3.28 million Americans filed for unemployment insurance.

The jobless claims number dwarfed the record 695,000 filers in October 1982.

Also, it blows away the 655,000 Americans who filed for jobless benefits in March 2009 – the height of the Great Recession.

Finally, the figure is more than double the consensus estimate of 1.5 million among economists and analysts.

Here's exactly what this jobless claims number means for the markets in the months ahead...

Trading Strategies

These 5 Signs Will Show When Stock Markets Are About to Bottom Out

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Tuesday's market open is giving hope that the market might be able to find a bottom.

As I write this Tuesday morning, there are hopes that Congress can finally agree on a fiscal stimulus package that will help Main Street and not just big companies and Wall Street.

And the White House is pushing for a quicker return to work for many Americans should progress on containing the spread of the coronavirus warrant it.

The big question I'm hearing, and have been hearing for weeks, is this – Are we at the bottom of this historic market drop?

Read more...

Stocks

Bear Market 2020: Where to Invest Your $1,200 Coronavirus Check

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Your $1,200 coronavirus check from the government could be the first step you take to reaching the retirement of your dreams.

While $1,200 might not sound like a lot, it can add up in a hurry.

A $1,200 investment in Amazon.com Inc. (NASDAQ: AMZN) in December 2008 would be worth $42,530 today.

As Money Morning Chief Investment Strategist Keith Fitz-Gerald puts it, "picking the 'right' companies could set you up for once-in-a-lifetime wealth at prices you won't see again for a generation."

That's why we're going to show you exactly which stocks to buy to start building a retirement portfolio with just $1,200.

Read more...

The Fed

What the Fed's Really Doing, Who They're Bailing Out, and What's Next

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The Fed's been taking some desperate measures lately in these desperate times.

But markets haven't fully priced in their rescue and recovery programs for what they really are, which is an admission that "this time is different" and it's too late to stop what's going to happen next.

Today, our Shah Gilani's back to break down what the Fed's doing, in layman's terms, what it says about where things are, and what's next going forward...

The Fed

The Federal Reserve's Bazooka Can't Save the Market or the Economy

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If you think the Fed's going to fire hundreds of billions or trillions of dollars of "stimulus" rounds at the coronavirus crisis and pierce its grip on mankind, on the market, and on the economy, you're wrong.

This is an existential threat to humans, markets, and economies, which the Fed's ammo can't kill – but it sure can make it worse.

Here's what the Fed's doing, what it's going to do, why it won't work, how you'll know it's not working, and how it's going to make everything worse…

Click here to continue reading Shah's update on the Fed's latest moves, and you'll automatically be signed up to receive his Wall Street Insights & Indictments research, absolutely free.

Click here to continue reading Shah's update on the Fed's latest moves, and you'll automatically be signed up to receive his Wall Street Insights & Indictments research, absolutely free

Market Correction

Will the Coronavirus Cause a Recession?

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The coronavirus crash has decimated stocks, but the real risk is that the coronavirus could cause a recession.

That's where investors need to focus their attention right now.

Stocks simply aren't going back up until the economy recovers.

While we might not hit the technical definition of a recession, Americans are already experiencing the effects of one.

But there's a silver lining...

Stocks

Why Bill Ackman Is Still Buying Stocks Even Though "Hell Is Coming"

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Shortly after legendary fund manger Bill Ackman gave an emotional, half hour interview about the fate of the American economy on CNBC yesterday, stocks fell so hard and fast trading was halted.

If you listened to what he said, the market's response wasn't a mystery.

He said the crisis was so bad that "America will end as we know it" and "hell is coming."

Restaurants, hotels, and airlines will all go out of business, according to Ackman.

He says shares of Hilton Hotels (NYSE: HLT) will drop to $0 in the next 18 months if nothing is done.

But Ackman's doomsday predictions might've made him a lot of money yesterday.

It was all by design.

While everyone ran for the door, those who read between the lines followed his lead...

Today's Markets
DJIA -410.32 (-1.84%) 21,917.16
NASDAQ -74.04 (0.95%) 7,700.10
S&P -42.06 (-1.60%) 2,584.59