In 2008, Washington and the Federal Reserve concentrated all of their efforts on saving the banking system. Between then and now, the banking sector UNDERWENT TREMENDOUS regulatory changes. Banking is a TOUGH BUSINESS, which makes it hard to enter into, but the banks don’t actually need a bailout in 2020.
The markets WANT UP. We got our final chance (probably) to LOAD UP on our round 2 list last week and the returns are ALREADY ASTRONOMICAL. Several of the mentioned companies came within range and have BOUNCED HARD. Treat them as either short-term trades or long-term holdings – all of them are up over 10% already!
Several industries will be COMPLETELY TRANSFORMED by Covid-19 and its aftermath. We anticipate that on a global basis, 23% of restaurants WILL NEVER re-open. That’s a MAJOR TURN OF EVENTS.
It might have been EXPECTED, but it is nonetheless SHOCKING and UNFORTUNATE to see it in OFFICIAL PRINT: the U.S. released its worst jobs report ever this past Friday!
When Larry Kudlow, President Trump’s economic advisor, said that the Federal Reserve still has the ULTIMATE BAZOOKA at its disposal a week ago, many speculated as to WHAT IN THE HELL he was talking about.