Good MorningThe tech-led market correction extended its losses on Thursday with all three major indices shedding more than 1.25% by the end of the session. The move was sparked by another impasse in Washington and is the fourth day of selling out of the last five. On Capitol Hill, Senate Republicans tried to move on a one-side stimulus bill that barely made it out of the idea phase.
In a technical sense, Thursday’s selling confirms resistance to higher prices and points to a deeper correction to come. The question now is how deep and the answers could be shocking. The minimum investors might expect to see is another 3.0% drop for a total decline of 10% for the S&P 500. In the worst case, there is a chance for up to 20% or more of losses over the next few weeks. Next week is a data-heavy week so traders and investors should expect market volatility.
Featured: Big “Tech Shock” Coming… (BNF American Golden Age) 
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Let’s face it. We live in a different world than we did just a year ago. Life is more complicated. And yet, in some ways it’s not complicated at all. The absence of some routine choices has simplified our lives in some ways. Just not necessarily in ways that we like.
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It may seem that delivery trucks have been frequenting our neighborhoods more often lately—and they probably have. From the onset of the pandemic, consumers' click-happy fingers have been sounding the bell for the hasty delivery of their online purchases. The accelerating trend toward e-comm... Read the Full Story |
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Remember when the biggest national controversy was the Peloton (NASDAQ:PTON) ad? You know the one where the apparently fit husband dared to get his apparently fit wife a Peloton bike (which it seemed she clearly asked for). The “Peloton wife” then went on to document her journey of dis... Read the Full Story |
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Staying ahead of the curve is key if you are focused on building wealth in the stock market. Whether it’s recognizing when the trend is changing or finding the companies with the most upside, it can really pay off when investors can find ways to stay a few steps ahead of the pack. That inclu... Read the Full Story |
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Markets | | | Zscaler Is A Cloud-Winner That Keeps On Winning
The number one most enduring trend sparked by the COVID-19 pandemic is an accelerated shift to digitization. There is evidence of it everywhere you look. Earnings from retailers are driven by eCommerce, businesses are navigating shut-downs and eCommer... Read the Full Story |
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The Early Bird Stock Of The Day RumbleOn, Inc. primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products, as well as repair and maintenance services. The Vehicle Transportation Services segment provides asset-light transportation brokerage services facilitating automobile transportation. The company was formerly known as Smart Server, Inc. and changed its name to RumbleOn, Inc. in February 2017. The company was incorporated in 2013 and is based in Irving, Texas. | | View Today's Stock Pick |
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