The momentum is definitely positive and will be a wind at our back. This is primarily driven by the Federal Reserve monetary policies which are echoed by central banks of other countries around the world. In November and December, the Fed provided us with the same post meeting statement. Inflation has been running below 2% for some time and to achieve and average 2% inflation, they will be accommodative until the inflation rate runs above 2% for a period of time.
No one is a bigger long-term tech zealot than me, but I’d tread carefully in the sector now. I think that we need to blow more froth off these stretched tech stock valuations.
We are six months into a turbulent 2020, having experienced a worldwide pandemic, a 35+% fall in stock prices, a (0.31%) yield on the 10 year U.S. Treasury Note, a three month shutdown of the
After a rip-roaring second quarter in which my technology stocks (as measured by the return on the NASDAQ 100) climbed +30% despite the pandemic, it would make sense that the market would cool off and maybe even give back some of its gains.
The stock market has seen its fair share of ups and downs since the start of 2020. However, one industry continues to dominate, despite the ever-volatile market and that’s the tech sector.
2020 has been a crazy year full of ups and downs. However, Independent Solutions Wealth Management would like to share some great news.
On June 17th at 6:15 P.M. EST, we invite you to join us for our semi-annual Economic & Markets Update Webinar. This will be a live 1 hour, and 30-minute event packed full of information involving the economic status of the U.S. as well as an in-depth discussion on market insights.
Paul Meeks is back again on CNBC with Squawk Box to talk about