—–UPDATE: We were stopped out of CAG (and other positions we were trading.) CAG Sold….nice little profit.
April 30, 2020. Considering that the economy is essentially shut down, the market technicals are STILL POINTING UP…..really amazing. We have been trading positions and riding the market up making some tiny money. BUT keep in mind that we still anticipate a pull back in the near future when the really bad economic numbers start coming in. SPY may top out at 2940. WE WOULD NOT BE BUYING ANY NEW POSITIONS RIGHT NOW. Gold has done nothing for two weeks…we do not own but watching for opportunity.
So, as we mentioned the other day:
IMPORTANT: Today’s market rally has essentially vanished. If you are not able to watch the markets all day long, it is critical that you have sell stops in place that will get you out if the market takes a hit. A decline may not happen today, next week or next month. But you should protect yourself. Just look at today’s action! We are using Trailing Stops
Don’t chase this market. You will get hurt.
The new survey showed 61% of wealthy investors and business owners (2,928 investors and 1,180 business owners between April 1-20) with over $1 million in investable assets or annual revenue are expecting a selloff in the market of 5% to 20% before they would buy the dip.
Amazing: Lowest rate of marriage, in, well, forever.
The marriage rate in the United States has fallen to a record low, with 6.5 marriages occurring for every 1,000 people.
The Wall Street Journal cited data from the National Center for Health Statistics that showed the marriage rate is at its lowest figure since 1867, which was when the federal government started tracking the information.
The marriage rate plummeted 6% in 2018. In 2017, there were 6.9 marriages recorded for every 1,000 people.
“Millennials are in peak marriage years, their 20s and 30s, and it’s still dropping,” Sally Curtin of the National Center for Health Statistics told the Journal. “This is historic.”
The marriage rate has fluctuated over the years: it dropped during the Great Depression, increased after World War II before declining, increased again during the 1960s, and then went on a near 30-year decline starting in the early 1980s. There was a slight rebound in the middle part of the 2010s before it fell again.
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