Futures are down 300 Sunday night!

The Dow futures are pointing to a loss of 300 points on the Dow for tomorrow’s opening bell. Continued fears about Covid-19 cases growing in states around the US, have left investors nervous that the “return to normal” will not happen nearly as soon as they hoped. Some states are questioning whether or not opening back up was the right move as record cases have been seen over the last week. This drives fears that the v-shaped recovery that the market was planning for will not be so. The melt up that the market has seen might come down abit if this plays out. Be ready to scoop up cheaper shares of some of great companies if this happens!

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Will the market rally continue?

Hi guys! It’s been a long time since I’ve posted anything, and what a time it’s been over the last 6 months! So the market has been a on a tear since March and posted the highest 10 week return ever, culminating in an 1800 point drop on Thursday. Personally I have been a little anxious as the market has skyrocketed over he last few weeks. I have gotten the sense that the market feels a little bit like the tech rally back in 1999-2000, where you just couldn’t lose and everyone was throwing money at stocks thinking they will go up forever. Perfect example is Hertz, which just declared bankruptcy, and then the stock doubled in a day! Who is buying that??!! And why!

The Fed has flooded the market with liquidity, which has given investors reason to remain bullish even as our country is still pretty much shut down and COVID-19 cases continue to rise. I was very happy to see the sell off, in order to take some of the froth off the high flyers, and I have a feeling we might see something similar again next week In order to shake out some of the weak hands. I took some profits this week and would love to get a good price on some solid plays in the coming weeks.

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