At this crisis point in history - what could possibly create these rare and extraordinary gains?
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Since the Coronavirus came into our lives this slice of the stock market has given ordinary people the chance to multiply their money by 96% in 21 days on JP Morgan.
Extending the run of disappointing ‘soft’ survey data (plunging to its weakest since Dec 2016), today’s Empire State Manufacturing survey fell notably below expectations.
But under the hood, the survey was very worrisome… the six-months-ahead-general-business-conditions sub index (aka ‘hope’) collapsed at the fastest rate since the last two recessions…
As Gluskin Sheff’s Chief Economis David Rosenberg noted, The NY Empire manufacturing index had more of a Yankees than a Mets feel to it. The real key was the meltdown in the forward-looking six-month expectations index.
A revolutionary initiative is helping average Americans find quick and lasting stock market success.
275% in one week on XLF - an index fund for the financial sector. Even 583%, in 7 days on XHB… an ETF of homebuilding companies in the S&P 500.