Facebook Closes Political Ads Ahead Of U.S. Presidential Election

Facebook Inc said on Tuesday it would affix labels to political ads shared by users on their own feeds, closing what critics have said for years was a glaring loophole in the company’s election transparency measures.



The world’s biggest social network has attached a “paid for by” disclaimer to political ads since 2018, after facing a backlash for failing to stop Russia from using its platforms to influence the 2016 U.S. presidential election.

But the label disappeared once people shared the ads to their own feeds, which critics said undermined its utility and allowed misinformation to continue spreading unchecked.

“Previously the thinking here was that these were organic posts, and so these posts did not necessarily need to contain information about ads,” said Sarah Schiff, a Facebook product manager overseeing the change.

After receiving feedback, Schiff said, the company now considers it important to disclose if a post “was at one point an ad.”

Facebook introduced a similar labeling approach for state news media earlier this month, but that label also sometimes drops off with sharing and does not appear when users post their own links to those outlets.


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The company is facing demands to do more to combat false viral information before the Nov. 3 presidential election, including by presumptive Democratic nominee Joe Biden, who last week called on Zuckerberg to reverse his decision to exempt political ads from fact-checking.

Zuckerberg has touted transparency tools in response, arguing that voters should be able to examine statements from would-be political leaders unimpeded.

In a USA Today op-ed on Tuesday, he pledged to display a Voting Information Center at the top of U.S. users’ news feeds. He also said the company would aim to help 4 million people register to vote, double its goal for 2016.




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Trading: Natural Gas Is Bottoming

However, Monday’s rebound pointed at trader demand that might be sufficient to have caused the contract to bottom out.

NG Daily

NG Daily

The price has been range trading since May 11 within an ascending triangle, in which demand has been gaining on supply. The price fell out of the triangle yesterday but closed higher after wiping out the loss.

The rebound confirmed another presumed boundary of demand, that of a rounding bottom, in place since early January. It provides a symmetrical visual of how COVID-19 first spurred the fall, seen in the first part of the pattern, and after a while, as the pattern begins to rise, the end to the lockdowns coupled with the hope that the worst is over.

Strictly technically, the single day breakout on May 5 messes up what is otherwise a perfect pattern, as well as hinders deriving a precise determination to the pattern’s completion. We still expect the top of the Jan. 20 falling gap to mark the end of the bottom. Purists, however, may insist on a penetration of the May 5 high.

The implied target of the ascending triangle—if completed—is above the May 5 high, suggesting that too will come. It isn’t a foregone conclusion though that in any trade an implied target is achieved, more so when conflicting with a resistance.










Trading Strategies

Conservative traders would wait for the price to clear the May 5 high, above 2.162.

Moderate traders may rely on the penetration of the $2 level, below which prices have been hovering, save for a single day.

Aggressive traders may commit a position upon the triangle’s breakout above $1.9 or even right now, with the price being so close to the base of the two patterns—as long as the trade follows a coherent trade strategy that fits the trader’s budget and character.

Trade Sample – Very Aggressive Long Position

  • Entry: $1.80
  • Stop-Loss: $1.74
  • Risk: 6¢
  • Target: $2.10
  • Reward: 30¢
  • Risk:Reward Ratio: 1:5







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Global Stocks Drift Higher On Recovery Hopes

International stock indexes mostly rose, following U.S. markets higher on optimism over signs of an economic recovery and plans for additional stimulus, while shares fell in Hong Kong.



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The Stoxx Europe 600 rose 0.6%, led by gains in telecommunication and travel-and-leisure stocks. S&P 500 stock-index futures, flipping between small gains and losses, were down 0.1%.

China’s Shanghai Composite ticked up 0.3% while Hong Kong’s Hang Seng fell 0.8%. The Chinese yuan weakened against the dollar.

Australia’s S&P/ASX 200 added 1.2% and Japan’s Nikkei 225 jumped 2.3%.

U.S. stocks surged Wednesday, reaching highs not seen since early March, as the Dow Jones Industrial Average rose 2.2%.





“We have a FOMO rally—a fear of missing out,” said Michael Drummey, head of U.S. equity risk trading at Mizuho Americas. “People are frustrated that they missed out on the rally in the past few days, and that frustration is only growing.”

Mr. Drummey said investors across the globe are picking up stocks that were sold during the height of the pandemic, but continue to debate whether to buy overvalued stocks, or to invest in companies that still face challenges from a slow recovery.

However, he warned that stocks could be due for a reasonably sized pullback because of the economic uncertainties ahead.

“The market is acting in a way that doesn’t really line up with that uncertainty,” he said.

On Wednesday, Secretary of State Mike Pompeo said the State Department had determined Hong Kong no longer has a high degree of autonomy from China. That clears the way for President Trump to implement a range of possible measures, including revoking special arrangements on trade.

Investors are worried about whether that means there could be new trade barriers introduced,” said Chang Wei Liang, a macro strategist at DBS Bank. “We’re not likely to get a solution on this immediately, so this will be lingering on investors’ minds until we get clarity on what the U.S. intends to do with Hong Kong.”

Mr. Chang added that the weakness in China’s currency also reflected the heightened U.S.-China tensions.

In the offshore markets, the yuan weakened slightly to trade at 7.1802 to the dollar, according to FactSet. That put it close to its weakest levels since China started allowing offshore trading of the currency in 2010. Last September, the yuan depreciated beyond 7.19.

The People’s Bank of China set a daily midpoint for trading of the more tightly controlled onshore yuan at 7.1277 to the dollar. That was only slightly stronger than Tuesday’s fixing, which was the weakest since February 2008. The onshore yuan was trading at 7.1659 by early afternoon Shanghai time.

Paul Sandhu, head of multiasset quant solutions for Asia-Pacific at BNP Paribas Asset Management, said while trade tensions help explain the weakness in the yuan, Chinese investors’ pursuit of higher returns overseas is another reason pressure is building on the currency.

Yields on the 10-year U.S. Treasury note rose to 0.685%, from 0.677% Wednesday. Bond yields rise as prices fall.

U.S. crude-oil prices fell 3.2% to $31.77 a barrel.



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U.S. To Invest $1.2 Billion To Secure Potential Coronavirus Vaccine From AstraZeneca

The U.S. government has agreed to hand AstraZeneca PLC up to $1.2 billion to secure the supply of a potential coronavirus vaccine that could be ready as early as October.

Under the deal, the government will bankroll a 30,000-person vaccine trial in the U.S. starting in the summer, plus the ramp-up of manufacturing capacity to make at least 300 million doses. The first doses will be ready in the fall should the vaccine prove effective, it said.



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Alex Azar, the Health and Human Services Secretary, called the deal a “major milestone” in the administration’s effort—code-named “Operation Warp Speed”—to make a safe, effective vaccine widely available to Americans by 2021.

The vaccine in question was developed by the University of Oxford’s Jenner Institute and is one of a small group of candidates already being tested in humans. Others include vaccines from Pfizer Inc. and Moderna Inc. AstraZeneca, under a licensing deal with Oxford, has responsibility for manufacturing the university’s vaccine, and has promised to sell the vaccine without making a profit during the pandemic.

Governments around the world are counting on an effective vaccine against Covid-19 to defeat a virus that has killed hundreds of thousands of people and devastated the global economy. But to guarantee that doses are ready as soon as possible, companies must ramp up manufacturing capacity significantly before clinical trials provide solid proof that the vaccines work—a costly exercise more viable with financial support from governments and other funders.


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The U.S. government has moved fast to secure supply deals with vaccine makers. It has also awarded Moderna $483 million to ramp up production of its candidate and is supporting research into potential vaccines from Johnson & Johnson and France’s Sanofi SA . It is doing those deals through its Biomedical Advanced Research and Development Authority division, or Barda, which was set up in 2006 to prepare for biologic threats such as pandemics and bioterrorism.

Earlier this week, the U.K. government agreed to pay AstraZeneca £65.5 million ($79 million) to secure 100 million doses for its population, with 30 million of those ready as early as September. That deal relates purely to manufacturing, and doesn’t include any clinical trial funding.

AstraZeneca says it is in talks with several other governments, as well as nonprofits like the international vaccine alliance, Gavi, and the Coalition for Epidemic Preparedness Innovations on deals that would further boost production.

Oxford started a 1,100-person study in April and expects to roll the trial out to a further 5,000 participants later this month, should the first phase go well.





Its vaccine has progressed quickly, in part because it uses a technology that has been deployed in earlier vaccines developed by the university. It uses an inactivated chimpanzee virus containing the genetic sequence for the “spike protein” found on the new coronavirus.

In a small animal study, not yet peer-reviewed, it appeared to stop the virus from spreading to the lungs, protecting the inoculated monkeys from developing pneumonia. It was unclear whether the vaccine stopped infection entirely, however, as the vaccinated monkeys tested positive for virus in their noses.



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Which Trading Platform Is Best For Beginners UK?

Which Trading Platform Is Best In UK?



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The best stock trading platform in UK for 2020? ….  How To Choose The Best Online Broker in UK { 2020 } …


Best Online Trading Platform. Start Trading Now or Try a FREE Demo Account.


cropped-trade-job.png


◊ Best Stock Trading Platform In UK {2020} : Plus500 Review ◊


Plus500 is a streamlined broker that focuses on trading in a wide range of financial markets with relatively low spreads and no commissions but without offering many extra services. Plus500 has been in the forex and CFD business since 2008. They are registered in the U.K. and licensed by the Financial Conduct Authority (FCA).

The company offers access to a comprehensive product line including forex, stock indexes, equities, commodities, cryptocurrencies, ETFs and options. Plus500 is the first broker to introduce a bitcoin CFD in 2013. The company does not charge commissions on any of its trades.

All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Plus500 Ltd. (PLUS.L) is a publicly traded company on the AIM section of the London Stock Exchange since 2013 with a £1.73 billion ($2.25 billion) market capitalization and clients in more than 50 countries around the world. Plus500 offers access to more than 2,000 trading instruments.


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TRUST … The company is registered with the Financial Conduct Authority (FCA), CySEC, ASIC, FSCA, FMA, MAS, and the ISA, which provides good accountability and visibility. The company is required to take steps to ensure client funds are not comingled with corporate funds – ensuring that client money and assets are protected in the unlikely event that Plus500 becomes insolvent – by holding those funds in segregated accounts at regulated banks.

If Plus500 defaults, any shortfall of funds of up to £50,000 may be compensated for under the Financial Services Compensation Scheme (FSCS). If the custodian bank holding client funds goes into liquidation, any shortfall of funds of up to £85,000 may be compensated for under the FSCS.

Plus500 also offers Negative Balance Protection, ensuring that clients cannot lose more than they have put into their account. Guaranteed stop losses can be used on some instruments depending on market conditions but they are subject to a wider spread.

The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Large volume traders do not get a trading discount at Plus500 and the spread is the same whether you trade one lot or 1,000 lots.

There are no charges for normal withdrawals or terminating an account. However, inactivity fees kick in after an account has been idle for three months. Beginning traders can open an account with as little as £100.

Traders can qualify for a “professional” account, which offers a higher level of maximum leverage, but the costs are the same. Investors with a professional account may increase their maximum leverage ten-fold, from 1:30 to 1:300.

Plus500 also offers access to options trading on many markets. These are very similar to plain call and put options traded on exchanges, but they are not standardized which means that the option premium can be customized for your risk tolerance and strategy objectives.


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Financial Markets – Top 5 Things To Watch This Week

This Tuesday will see Federal Reserve Chairman Jerome Powell testify to Congress on the economic stimulus measures put in place so far. A day later the minutes of the Fed’s April meeting are scheduled to be released.


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Investors will be looking at the weekly jobless claims data as the reopening of the economy gathers pace. Retail earnings will shine a light on consumer spending amid the coronavirus pandemic, while Tuesday brings the monthly expiration of U.S. West Texas Intermediate crude futures contract. Meanwhile, central banks in South Africa and Turkey are expected to cut interest rates again.

Here’s what you need to know to start your week.


Powell testimony, FOMC minutes
The Fed chairman is to testify on Tuesday before the Senate Banking Committee alongside Treasury Secretary Steven Mnuchin to update government officials on the economic stimulus programs approved so far.

In a speech last week Powell gave a sober assessment of the long-term risks to the U.S. economic outlook and the possible need for elected officials to approve more spending programs to keep the economy afloat.

On Wednesday, the Fed is to publish the minutes of it is April meeting. In its rate statement last month, the Fed said it will keep interest rates at near-zero until officials are “confident that the economy has weathered recent events.”


Economic data
In the U.S., the main datapoint continues to be the weekly report on initial jobless claims. With the reopening of the economy gaining momentum economists are hoping for a reading of below 2.5 million, which would indicate that the rate of layoffs is slowing somewhat.

There is a packed economic calendar in the U.K. this week, with updates on March employment, retail sales and inflation. Given that the lockdown in the U.K. didn’t start until late March it may be too early to see the impact of the pandemic on the employment figures.

The retail sales data for April could show at least a 15% decline in spending, while plunging oil prices are expected to have sent inflation tumbling last month.


Retail earnings
While the U.S. first-quarter earnings season is almost over the retail sector is just getting started. This week will see results from big U.S. retailers including Walmart (NYSE:WMT), Home Depot (NYSE:HD), Lowe’s (NYSE:LOW), Target (NYSE:TGT), Kohl’s (NYSE:KSS) and Best Buy (NYSE:BBY). Their figures will show whether U.S. consumers are still spending money despite the widespread coronavirus lockdowns.

The retailers are reporting in the shadow of online shopping giant Amazon (NASDAQ:AMZN), which is among the “stay-at-home” stocks benefiting from the lockdown. Its shares have soared some 28% this year.


Repeat performance of oil plunge?
The monthly expiration of U.S. West Texas Intermediate crude futures contract is coming up on Tuesday and many energy traders are worried about a repeat performance of the oil price slump last month which saw prices drop into negative territory for the first time ever.

Normally uneventful, the expiry turned dramatic in April as brimming storage tanks discouraged traders from taking delivery of oil.

The U.S. Commodities Futures Trading Commission has warned market participants they should be prepared for volatility and negative pricing again, with oil storage still tight and the demand outlook still severely depressed.

But oil prices have recently rebounded on hopes that the easing of lockdown restrictions will boost the energy demand outlook. In another hopeful sign, U.S. crude inventories fell in the most recent week for the first time since January.

Yet some traders seem to be heeding the CFTC’s warning. Volumes in the July futures contract, which expires in a month’s time, are outpacing the June contract by nearly 50%.


Emerging market rate cuts
Central banks in Turkey and South Africa are both to hold policy meetings on Thursday and both are expected to cut rates again despite heavy losses their currencies’ have recently endured.

Analyst polls predict South Africa will cut its 4.25% main rate by another 50 basis points. Economists stress any policy easing must be sizeable if it is to offer any help to the suffering economy.

Turkey’s meeting will be even more interesting. The lira has plunged to record lows, hard currency reserves are dwindling and inflation is in the double digits, yet all that probably won’t deter the central bank from chopping another 50-100 basis points off its 8.75% repo rate



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Which Is The Best Broker In Singapore?

Which trading platform is best in Singapore?


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To evaluate brokers, you should look at the following factors:

>>> Commissions
>>> Account Minimum
>>> Account Fees
>>> Your Trading Style and Tech Needs
>>> Promotions

Look at commissions on the investments you’ll use most… Brokers generally offer a similar menu of investment options: individual stocks, options, mutual funds, exchange-traded funds, and bonds. Some will also offer access to futures trading and forex (currency) trading.

The investments offered by the broker will dictate two things: whether your investment needs will be satisfied, and how much you’ll pay in commissions. Pay careful attention to the commissions associated with your preferred investments:

Individual stocks: You’ll typically pay a per-trade commission of $4 to $7. Some brokerages also offer per-share pricing.

Options: Options trades often incur the stock trade commission plus a per-contract fee, which usually runs $0.15 to $1.50. Some brokers charge only a commission or only a contract fee.

Mutual funds: Some brokers charge a fee to purchase mutual funds. You can limit mutual fund transaction costs or avoid them completely by selecting a broker that offers no-transaction-fee mutual funds. (Mutual funds also carry internal fees called expense ratios. These are charged not by the broker, but by the fund itself.)

ETFs: ETFs trade like a stock and are purchased for a share price, so they are often subject to the broker’s stock trade commission. But many brokers also offer a list of commission-free ETFs. If you plan to invest in ETFs, you should look for one of these brokers.

Bonds: You can purchase bond mutual funds and ETFs at no charge by using no-transaction-fee mutual funds and commission-free ETFs. Brokers may charge a fee to purchase individual bonds, with a minimum and maximum charge.

Pay attention to account minimums… You can find highly ranked brokers with no account minimum. But some brokers do require a minimum initial investment, and it can skew toward $500 or more. Many mutual funds also require similar minimum investments, which means even if you’re able to open a brokerage account with a small amount of money, it could be a struggle to actually invest it.

Watch out for account fees… You may not be able to avoid account fees completely, but you can certainly minimize them. Most brokers will charge a fee for transferring out funds or closing your account. If you’re transferring to another broker, that new company may offer to reimburse your transfer fees, at least up to a limit.

Most other fees can be sidestepped by simply choosing a broker that doesn’t charge them, or by opting out of services that cost extra. Common fees to watch out for include annual fees, inactivity fees, trading platform subscriptions and extra charges for research or data.

Consider your trading style and tech needs… If you’re a beginner investor, you probably won’t need extras, like an advanced trading platform. But you may want an education and a little hand-holding. This could include videos and tutorials on the broker’s website, or in-person seminars at branches. Many brokers offer these services free to account holders.

Active traders, on the other hand, will want to look for a brokerage that supports that kind of frequency. That includes weighing a broker’s trading platforms, analysis tools, research and data offerings in addition to commissions — including discounts for high-volume traders — and fees.

Plenty of high-quality online brokers offer free demo access to trading platforms.

Take advantage of promotions… Online brokers, like many companies, frequently entice new customers with deals, offering a number of commission-free trades or a cash bonus on certain deposit amounts.

It isn’t wise to choose a broker solely on its promotional offer — a high commission over the long term could easily wipe out any initial bonus or savings — but if you’re stuck between two options, a promotion may sway you one way or the other.


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◊ Best Stock Trading Platform In Singapore {2020} : Plus500 Review ◊


Plus500 is a streamlined broker that focuses on trading in a wide range of financial markets with relatively low spreads and no commissions but without offering many extra services. Plus500 has been in the forex and CFD business since 2008. They are registered in the U.K. and licensed by the Financial Conduct Authority (FCA).

The company offers access to a comprehensive product line including forex, stock indexes, equities, commodities, cryptocurrencies, ETFs and options. Plus500 is the first broker to introduce a bitcoin CFD in 2013. The company does not charge commissions on any of its trades.

All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Plus500 Ltd. (PLUS.L) is a publicly traded company on the AIM section of the London Stock Exchange since 2013 with a £1.73 billion ($2.25 billion) market capitalization and clients in more than 50 countries around the world. Plus500 offers access to more than 2,000 trading instruments.


START TRADING NOW OR TRY A FREE DEMO ACCOUNT


Trust … The company is registered with the Financial Conduct Authority (FCA), CySEC, ASIC, FSCA, FMA, MAS, and the ISA, which provides good accountability and visibility. The company is required to take steps to ensure client funds are not comingled with corporate funds – ensuring that client money and assets are protected in the unlikely event that Plus500 becomes insolvent – by holding those funds in segregated accounts at regulated banks.

If Plus500 defaults, any shortfall of funds of up to £50,000 may be compensated for under the Financial Services Compensation Scheme (FSCS). If the custodian bank holding client funds goes into liquidation, any shortfall of funds of up to £85,000 may be compensated for under the FSCS.

Plus500 also offers Negative Balance Protection, ensuring that clients cannot lose more than they have put into their account. Guaranteed stop losses can be used on some instruments depending on market conditions but they are subject to a wider spread.

The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Large volume traders do not get a trading discount at Plus500 and the spread is the same whether you trade one lot or 1,000 lots.

There are no charges for normal withdrawals or terminating an account. However, inactivity fees kick in after an account has been idle for three months. Beginning traders can open an account with as little as £100.

Traders can qualify for a “professional” account, which offers a higher level of maximum leverage, but the costs are the same. Investors with a professional account may increase their maximum leverage ten-fold, from 1:30 to 1:300.

Plus500 also offers access to options trading on many markets. These are very similar to plain call and put options traded on exchanges, but they are not standardized which means that the option premium can be customized for your risk tolerance and strategy objectives.


START TRADING NOW OR TRY A FREE DEMO ACCOUNT


Commodity-Trading-today




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Big Investors Aren’t Betting It All On A Coronavirus Cure


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Successful efforts that could help billions of people might not result in big profits for shareholders.


Shares are up for companies searching for coronavirus drugs and vaccines.


As drug companies race to discover treatments for the new coronavirus, big investment firms are placing cautious bets on likely winners.

Hedge funds and venture-capital firms, which are in the business of predicting the future for companies and economies, are growing more confident researchers will develop effective drugs to fight the pandemic.

Yet, successful efforts that could help millions—or even billions—of people, might not result in big profits for shareholders, the investors argue. Some are even placing bearish wagers on pharmaceutical companies they believe are attracting excessive excitement over their progress on Covid-19 treatments.

“Most of the stock prices don’t bear semblance to reality,” says Joseph Edelman, who runs Perceptive Advisors, a $4.2 billion New York hedge health-care fund, which is focused on what it sees as the disconnect between the price of stocks like drug company Gilead Sciences Inc. and their potential profits from any treatment or vaccine.

Shares are up for companies searching for coronavirus drugs and vaccines.

Gilead is up 18.9% this year, thanks to remdesivir, an antiviral drug administered intravenously that shortens the recovery time of hospitalized Covid-19 patients, according to recent data.

It is always hard anticipating successful drugs, but those wagering on coronavirus treatments face unique challenges. Some of the most innovative and promising approaches are wholly unproven. Companies are competing with foreign nations and not-for-profit organizations determined to achieve their own breakthroughs. Successful drugs or vaccines may run into pricing, manufacturing and distribution difficulties.

Among the issues investors are struggling with: Can Covid-19 treatments help those sick while also protecting individuals against the virus, or will that require different drugs? Will vaccines render treatments less necessary? Will governments allow companies to charge high enough prices to generate sizable profits?

Larry Robbins, who runs health-care hedge fund Glenview Capital Management, is avoiding bets on possible coronavirus treatments, partly because he expects researchers to find a vaccine, limiting the need for even the most effective treatments.

“We are all cheering for a treatment on a humanitarian level, but as an investor, you have to believe a treatment works, and that sales last long enough for it to have a material impact on a company,” he says.

Gilead is among the stocks that has investors thinking twice. The company expects to manufacture more than one million treatment courses of remdesivir by the end of this year, and the drug could have billions of dollars in new annual sales, investors say. If Gilead can develop an inhaled version of the drug or other alternatives to receiving it intravenously, its popularity could increase, bullish investors argue.


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But Gilead has promised to donate 1.5 million doses of Covid-19 treatments to hospitals free of charge, and the price it would charge thereafter is unclear, raising questions about eventual profits. In the past, Gilead has been criticized for placing high prices on its HIV and hepatitis treatments. It may feel pressure to keep a lid on remdesivir’s cost—especially given President Donald Trump’s past public criticism of drug prices.

If Gilead charges about $4,000 per course, as some investors predict, that would result in $4 billion of revenue for a million patients. That figure would be well below Gilead’s $14.6 billion of added market value this year—without taking into consideration the drug’s development costs, estimated to be about $1 billion, a figure that would reduce any profits.

Some bearish investors aren’t yet convinced of remdesivir’s efficacy.

“Even if the drug has only a modest effect, people will still prescribe it, but Gilead won’t make a lot of money,” says Dr. Joseph Lawler, who runs hedge fund JFL Capital Management, which is shorting, or betting against, Gilead.

Gilead’s company spokesman said the drug company hasn’t yet set a price for remdesivir.

“At this time, we are focused on ensuring access to remdesivir through our donation,” he said. “Post-donation, we are committed to making remdesivir both accessible and affordable to governments and patients around the world.”

Dr. Luciana Borio, who was director for medical and biodefense preparedness at the National Security Council, argues that smaller, private companies may emerge with the most effective treatments, not publicly traded companies, another challenge for investors.

“For technology that’s truly innovative and disruptive there’s opportunity for funding and interest in partnerships,” she says.

Some investors are focusing on treatments that may help those who are sick but also can prevent people from getting the virus, a larger potential market. These investors are betting on therapies that use antibody proteins generated by the body’s immune system. These antibodies may be able to block the action of the coronavirus’s “spike” protein, preventing the virus from infecting healthy cells.

Mr. Edelman, of Perceptive, owns shares of Regeneron Pharmaceuticals Inc., a leader in antibody therapies. The company is using a “monoclonal” antibody approach, where scientists select the most powerful antibodies from recovered coronavirus patients—or, in the case of Regeneron, from mice that have been given human immune systems—clone them, and turn them into drugs.



Regeneron plans clinical trials in early summer and is preparing to manufacture hundreds of thousands of doses each month beginning in late summer.

Robert Nelsen, who helps run venture-capital firm Arch Venture Partners, which made early and successful bets on cancer immunotherapy, is backing VIR Biotechnology Inc., which plans trials for its own monoclonal antibody therapy this summer.

“I’m pushing them every day,” Mr. Nelsen says. “We don’t know if the virus will be weaker or stronger or the same in the fall, but in 1918 it came back stronger, so we have to be prepared.”

Regeneron shares are up 52% this year, adding $23 billion in market value, while VIR is 148% higher and has added $2.3 billion in value. Some investors say if a vaccine is discovered it could limit these shares’ potential. Mr. Nelsen counters that it could take longer than expected for researchers to find vaccines, creating a huge market for antibody treatments.

“Vaccines are never 100% effective,” he argues, “so antibody therapeutics may be key to preventing a re-emergence.”

One high-risk, high-reward strategy: Buying shares of tiny companies with potential upside. Messrs. Edelman and Nelsen hold big chunks of ownership in VBI Vaccines Inc., an unproven biotech company claiming an experimental vaccine approach. The stock closed at $2.07 on Thursday.

Forecasting a winning vaccine is perhaps even harder than predicting coronavirus treatments. By some measures, Chinese companies and a group at Oxford University are in the lead. Some companies say they will distribute a vaccine they develop at cost, potentially reducing profits for others. Still, the potential market is huge—some investors believe a combination of vaccines may be necessary to meet global demand, perhaps a low-cost option for younger, healthier individuals and a more potent one for those who are immune-compromised.

Moderna Inc. has attracted the most excitement among vaccine makers, sending its stock soaring 230% this year, as it moves through human trials. Moderna’s strategy is to produce a vaccine using the virus’s genetic sequence, rather than its actual genetic material. It uses programmed material, called messenger RNA, or mRNA, with the goal of directing a patient’s immune system to produce antibodies to the coronavirus.

The approach, which may be able to produce a vaccine quickly, was described as “impressive” by Dr. Anthony Fauci, director of National Institute of Allergy and Infectious Disease. Pfizer and Germany’s BioNTech are working on their own mRNA vaccine.

But analysts note that mRNA technology is expensive and has never produced an approved medicine or vaccine. Moderna is already worth $24 billion, up from $6.5 billion at the beginning of 2020. As for Pfizer, the company already is worth $211 billion, so it isn’t clear how much a vaccine would increase the company’s value.

Some investors are skeptical of some of the highest-flying coronavirus stocks. Mr. Lawler of JFL Capital is shorting Inovio Pharmaceuticals Inc., a small Pennsylvania company that’s up 314% this year despite limited past success.

A spokesman for Inovio says it is in phase one trials for a Covid-19 vaccine and expects results in June, while working on other medicines.

“The general public is throwing money at headlines,” says health-care investor Brad Loncar at Loncar Investments.



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Day Trading: Top 3 Things To Watch For May 15

It was quite a comeback for the Dow today as investors finally decided to dip back into financial stocks. Bulls will hope that the same sentiment that was able to shrug off a rise of 3 million in jobless claims today will be on hand tomorrow, with more devasting data expected.
Here are three things that could move the stock market.


1. Consumer in Focus
Retailers without a big online presence will be hoping measures to reopen across the country will start paying dividends quickly. The market will get see what is expected to be another historically band month for sales. The Commerce Department will report the April retail sales figures at 8:30 AM ET (12:30 GMT).

Economists expect that retail sales plunged 12% last month, according to forecasts compiled by Investing.com. That would be the biggest drop ever, taking the top spot from March’s dive of 8.4%. Core retail sales, which exclude autos, are forecast to have dropped 8.6%, compared with a 4.2% drop in March. There will be more shopping data when the University of Michigan issues its preliminary measure of May consumer confidence at 10:00 AM ET.

The consumer sentiment index is seen dropping to 68 from 71.8 in April. That would still be well off the lows seen during the Financial Crisis and the early 1980s. And the Michigan consumer expectations index is forecast to tick up to 71.8 from 70.1 last month.


2. JOLTS, Empire Manufacturing on the Cards
Along with indicators on retail there will be numbers on the labor market and manufacturing. At 10:00 AM ET (14:00 GMT), the Labor Department will release its March Job Openings and Labor Turnover Survey (JOLTS). Job openings, voluntary quits and hires will likely have dropped sharply.


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At 8:30 AM ET, the New York Fed will release its measure of manufacturing in the region. The May Empire State Manufacturing Index is seen coming in at -63.50, up slightly from -78.20 in April. And at 9:15 AM ET, April numbers on industrial production and capacity utilization arrive.


3. Oil Rig Count Likely to Dip Again
Oil prices settled higher thanks to some optimism on demand from the Paris-based International Energy Agency (IEA). The specter of negative prices has receded as a drop in total U.S. crude stockpiles and inventories as the Cushing, Okla. hub eased the pressure of storage constraints.

Investors will get another glimpse of how production is faring tomorrow when Baker Hughes issues its measure of rig activity. Last week the oil rig count dropped to 292, the first time it had fallen below 300 since the Great recession.





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COVID-19 to Cause 17% Unemployment in June

U.S. unemployment is expected to hit 17% in June as the economy contracts due to efforts to contain the coronavirus pandemic, economists predicted, and the economy is expected to start rebounding in the second half of the year.

A monthly Wall Street Journal survey found economists expect gross domestic product to shrink 6.6% this year, measured from the fourth quarter of 2019, a downgrade from the 4.9% contraction economists predicted in last month’s survey. While economists expect a deeper contraction in the second quarter, a majority—85%—continue to expect the recovery will start in the second half of the year. They predict an annualized growth rate of 9% in the third quarter, up from 6.2% in the prior survey. Growth is expected to clock in at 6.9% in the fourth quarter, up slightly from last month.


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“The trough will occur in May or June, with activity starting to pick up,” said Chad Moutray, chief economist for the National Association of Manufacturers. “With that said, growth will remain well below pre-recessionary levels likely until at least 2022.”

Business and academic economists in this month’s survey expect, on average, that gross domestic product will contract at an annual rate of 32% in the second quarter. That represents a worsening from the April survey of economists, when they expected GDP to shrink 25% from April to June. The annualized rate, however, overstates the severity of any drop in output because it assumes that one quarter’s pace continues for a year.

In the May survey, 68.3% of economists said they expect the recovery to be shaped like a “swoosh.” Named after the Nike logo, it predicts a large drop followed by a gradual recovery. The survey results echo recent comments by corporate executives.

As states start to loosen stay-at-home orders, economists were split on whether this is the right moment to do so. Some 29.8% said the reopening measures are happening at the right time. 14% said such measures were overdue, while 31.6% described it as too soon. Just under a quarter, 24.6%, were unsure whether the timing is right.

“In the absence of a vaccine or some therapeutic drug, opening the economy now would certainly trigger a spike in new infections and will be followed by economic shutdown 2.0,” said Bernard Baumohl, chief global economist at The Economic Outlook Group, who currently views the reopening as premature.

Federal Reserve Chairman Jerome Powell received good grades for his performance as Fed chair during the coronavirus pandemic, with 71.9% of economists assigning him an A grade, while 24.6% gave him a B. Just 1.8% gave him a C and F respectively.



“Like a good engineer, [Mr. Powell] opened the floodgates to drain the reservoir in advance of an impending flood of demand for liquidity,” said Georgia State University economist Rajeev Dhawan.

The grades marked an improvement from December, when 63.8% of economists gave Mr. Powell a B. Seventeen percent assigned him an A grade and 14.9% gave him a C.

To fight the coronavirus pandemic, U.S. central-bank officials cut rates to near zero, purchased huge quantities of government debt and began lending to American businesses.

Those purchases of debt are expected to get bigger. Economists project the central bank’s portfolio of bonds, loans and new programs will swell to $7.74 trillion in June from less than $4 trillion last year. The portfolio stood at $6.72 trillion on May 4.

Economists see the Fed’s balance sheet swelling to $9.29 trillion by December, $9.63 trillion by December 2021 and $11.27 trillion by December 2022. In that range, the portfolio would be more than twice the size reached after the 2007-09 financial crisis.



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Federal Reserve Warns Of A Possible Sustained Recession From Pandemic

Federal Reserve Chair Jerome Powell is warning of the threat of a prolonged recession resulting from the viral outbreak and is urging Congress and the White House to act further to prevent long-lasting economic damage.

The Fed and Congress have taken far-reaching steps to try to counter what is likely to be a severe downturn resulting from the widespread shutdown of the U.S. economy. But Powell warns that there still could be widespread bankruptcies among small business and extended unemployment for many people.


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“Deeper and longer recessions can leave behind lasting damage to the productive capacity of the economy,” the chairman says in prepared remarks before an online discussion with the Peterson Institute for International Economics. “Avoidable household and business insolvencies can weigh on growth for years to come.”

The U.S. government “ought to do what we can to avoid these outcomes, and that may require additional policy measures,” Powell says.



He says the Fed will “continue to use our tools to their fullest” until the viral outbreak subsides but gives no hint of what the Fed’s next steps might be.

Powell repeats his previous warnings that the Fed can lend money to solvent companies to help carry them through the crisis. But a longer downturn could threaten to bankrupt previously healthy companies without more help from the government.


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Greater support from government spending or tax policies “could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” he says.



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The Mortgage Market Never Got Fixed After 2008. Now It’s Breaking

Many mortgage companies are nonbanks that don’t have deposits or other business lines to cushion them amid the coronavirus pandemic.

Ann Winn called her mortgage company to see about pausing payments in late March, soon after she had to shut down the salon she owns in a suburb of Austin, Texas.

What followed, she said, were hours of tense calls and emails with Freedom Mortgage Corp. The company agreed to let her skip a few payments—but only if she would repay them all in a lump sum this summer. Ms. Winn didn’t know when she would be back at work, so she declined.

“I’m just not going to pay my other bills,” she said, “because I don’t want to lose my home.”

The coronavirus pandemic has delivered a gut punch to the economy and the mortgage market is particularly exposed. The virus has forced millions of homeowners to suddenly stop making payments. At the same time, many mortgage companies aren’t built to handle an economic collapse or help their customers through it.



Many of them are nonbanks that don’t have deposits or other business lines to cushion them, and they have raised concerns that fronting payments for struggling borrowers such as Ms. Winn will quickly drain them of capital.

Years ago, the financial crisis revealed the folly of churning out “liar loans.” Regulators cracked down, and mortgages made today are generally more conservative. What regulators didn’t focus on was the strength of the mortgage companies themselves. Though the loans are sturdier, the infrastructure largely didn’t change.

Over the past decade, the business of originating and servicing mortgages has moved back toward nonbanks such as Freedom Mortgage. Nonbanks made 59% of U.S. mortgages last year, the highest level on record, according to industry-research group Inside Mortgage Finance. They also made a large proportion of U.S. mortgages before 2008 but many went bust when the crisis hit.

Many nonbanks, like United Wholesale Mortgage and loanDepot.com LLC, are barely known outside the industry but dominant inside it. Quicken Loans Inc., one of the few with wide name recognition, ranked as the largest mortgage lender by originations for the first time this year, elbowing out Wells Fargo and JPMorgan Chase.

As big banks have refocused their mortgage operations on wealthier borrowers, nonbanks have stepped into the void, often representing the only path to a mortgage for buyers of lesser means. Their retreat could lock many would-be borrowers out of homeownership and make it harder for the economy to bounce back.

Nonbanks also have expanded in the crucial business of servicing mortgages. They now service roughly half of them, five times their share from a decade ago, according to the Urban Institute.


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In good times, that task involves collecting payments from borrowers and handing them to investors that own the loans, plus handling odds and ends such as taxes. In exchange, the servicer gets a slice of the interest. In bad times, servicers are supposed to create new payment plans for struggling borrowers, which takes much more work and expense. When all else fails, servicers initiate foreclosures.

For years after the crisis, regulators, mortgage executives and consumer advocates discussed how to improve this market. They floated ideas about changing the way servicers are paid so they collect a bigger fee when a loan becomes delinquent. They also considered having the servicers fund a central utility to handle defaulted mortgages. But those ideas never gained much traction, according to people involved.

“There was a big focus on the consumer experience,” said Michael Bright, the former head of government mortgage corporation Ginnie Mae, which backs Federal Housing Administration loans. “But there wasn’t much focus on the quality of a servicer.”

The structure of the U.S. mortgage market is much the same as it was before the crisis. Pools of mortgages are packaged and sold to investors around the world. When a borrower stops paying, servicers are caught in the middle, forced to front payments to the investor, even though they aren’t receiving money from the borrower.

The servicer will eventually get reimbursed if the mortgage is one of the roughly two-thirds guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. But that is a slow process and in some cases can take years.



Lawmakers recently outlined how struggling borrowers can request so-called forbearance plans, by which they pause their monthly payments. If the mortgage is government-backed, then companies are generally supposed to grant the request.

That has thrust both banks and nonbanks into the position of cushioning the blow for their customers. Nonbanks, which depend on short-term bank loans to fund their daily operations, are struggling to do so.

“This is a systemic problem,” said Karan Kaul, a senior research associate at the Urban Institute.

About 7.5% of borrowers had obtained forbearances as of April 26, according to a survey by the Mortgage Bankers Association, or MBA. That means about 3.8 million homeowners are skipping their monthly payments with permission.

If forbearance rates reach the mid-to-high teens, few servicers are expected to have the cash to meet their advance obligations, according to Warren Kornfeld, who covers nonbank mortgage companies at Moody’s Investors Service. As a result, many are now trying to gain access to additional cash.

Mortgage servicers, both banks and nonbanks, were on the hook for about $4.5 billion a month in servicing advances on government-backed loans because of forbearances as of Thursday. That is roughly 25 times more than they were on the hook for at the end of February, according to Black Knight Inc., a mortgage-data and technology firm.

Ms. Winn and her husband bought their Leander, Texas, home in 2014 using the FHA loan program, which is meant for first-time and modest-income buyers. Later, they learned their lender had passed the servicing rights to Freedom.



Ms. Winn had little interaction with Freedom until calling in March. A representative told her she could skip payments for April, May and June, but would then have to pay four months all at once. Another representative told her that she could later ask to tack the missed payments onto the end of the loan, but that there was no guarantee she would be approved.

In late April, she received a letter saying she had been automatically opted into the first plan. She intends to keep making her monthly payments anyway, since she doesn’t want to pay for four months at once.

Chief Executive Stanley Middleman said in a statement that Freedom is “managing a great deal of unplanned activity” but plans to fix any issues that arise.

“We are doing the best we can and will continue to do so,” Mr. Middleman said.

The stimulus bill provided little detail on when borrowers would have to make up deferred payments. But the regulator that oversees Fannie Mae and Freddie Mac, the government-sponsored mortgage companies that back conventional loans, clarified recently that its homeowners won’t have to make up their missed payments all at once. The FHA program has made similar comments.

Industry representatives say that forbearance plans were rolled out on a vast scale very quickly, which led to confusion among both servicers and borrowers. Bob Broeksmit, CEO of the MBA, acknowledged that there have been issues between servicers and borrowers but said that recent guidance is likely to bring more clarity.

The borrowers the nonbanks serve are often the ones that most need help. Last year, nonbanks made 86% of FHA mortgages. As of Thursday, roughly 13% of FHA loans had forbearances, according to Black Knight.


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Nonbanks say they have spent significant time bolstering their businesses for a downturn. Some said in recent earnings reports that they now expect the coronavirus fallout to be smaller than they initially feared. Still, Ginnie Mae has set up a lending facility to help companies that are out of options. Fannie Mae and Freddie Mac are only requiring servicers to advance four months’ worth of payments.

The health of nonbanks ultimately depends on keeping their funding. Worried about the surge in borrowers seeking relief, some banks have recently curtailed this lending.

Mortgage companies, both banks and nonbanks, are also pulling back on some lending to borrowers. Credit availability in April fell to its lowest since 2014, according to the MBA.

Lenders are cutting back in particular for borrowers with lower credit scores, according to the Urban Institute. But the contraction in credit is spreading to all types of loans—from jumbo mortgages to cash-out refinances.

Beverly Harris was in the process of buying a home in the Palm Springs, Calif., area in March when the type of unconventional loan she had been pre-approved for suddenly became unavailable.

The retiree, who has a high credit score and was planning to put 20% down, was expecting to use a loan that qualifies the borrower based on assets rather than income. She estimates she checked with 15 different mortgage companies and banks. All of them had stopped making those types of loans.

For now, Ms. Harris is staying put in her rental.




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Why The Stock Market Is Up Even With Historic Job Losses?

A record number of Americans just lost their job, yet stocks are moving higher. This seems paradoxical, given the economic toll — to say nothing of the emotional toll — of millions of people across the country without a job.

While some observers say it’s further indication that the stock market has become decoupled from reality, others say there are clear reasons stocks have rebounded and can continue to move higher.

For one, the jobs data in and of itself is backward looking. The April figures, which showed a record 20.5 million Americans losing their jobs, is from the height of the crisis. Since then, economies have begun to reopen. There is still a long way to go, of course, but the market is discounting what’s going to happen six months from now, when most states will be getting back to business.

Strategists also point out that the losses have been somewhat concentrated in the leisure and hospitality sector, which has overshadowed strength in other areas of the market. And with the government and federal reserve providing record stimulus measures, some argue that once businesses do get back up and running, the recovery will be swift.

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were all slated to open higher on Friday, with the Dow poised to rally more than 300 points. Since the March 23 low, all three averages have bounced more than 30%.


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Worst over?
While the debate among health experts about how and when economies should reopen is ongoing, some states have already started easing shelter-in-place measures. A number of states including Florida began phase one reopenings on Monday. California became the latest state to lift some of its precautionary measures, with certain low-risk retailers allowed to open beginning Friday.

“The market knows that the job losses are self inflicted due to the widespread shutdowns,” Bleakley Advisory Group chief investment officer Peter Boockvar told CNBC. “Thus, now that we are beginning the reopening process the market assumes many of these people will hopefully get hired back over the coming months and quarters.”

Additionally, 78% of those that lost their job in April said they were furloughed, meaning the unemployment in theory will be temporary. Goldman strategist Jan Hatzius said this is an important distinction to make, given it suggests the recovery will be swifter.

“If job losses are concentrated in this segment [furlough], it would increase the scope for a more rapid labor market recovery when the economy eventually rebounds (because employees can be recalled to their previous jobs, as in several past recessions),” he wrote in a note to clients ahead of the report.

Pockets of strength?
At first the market sell-off was broad in nature as the uncertainty surrounding the coronavirus sent the major averages tumbling into a bear market at the fastest pace on record.

But since then, the divide between the winners and losers widened. Unsurprisingly stocks most exposed to the coronavirus threat — including hotels and airlines — have continued to trade lower. But other names are hitting new all-time highs. On Thursday the Nasdaq went positive for the year, as names like Netflix and Amazon surged to all-time highs.

“Large companies have fallen much less than smaller companies. It is likely that as a result of this crisis the strong will get stronger … and so the stock market is reflecting that in its relative valuation,” Peter Orszag, Financial Advisory CEO at Lazard and former OMB director under Obama, said on CNBC’s “Squawk Box.”



“The US consumer has proven to be the economic engine over the last decade, and investors who are buying heavily into this market believe that behavioral changes are unlikely to create a dislocation in demand longer than a couple of quarters,” added Shannon Saccocia, chief investment officer at Boston Private Wealth. That said, Saccocia said a more cautious tone is warranted, since she believes it’s a “misconception” that demand for consumer services will return quickly once government edicts lift.

Ongoing stimulus?
As the coronavirus wreaked havoc on markets, governments and central banks around the world stepped in in an effort to prop up prices.

In March, President Donald Trump signed into law a record $2 trillion federal stimulus package known as the CARES Act, while the Federal Reserve announced that it would engage in unlimited asset purchases.

“While the collapse in economic activity is historic, so too is the global policy response to cushion the impact and support a recovery as containment measures are relaxed,” JPMorgan strategist Marko Kolanovic said in a recent note to clients.

“We estimate the impact of Fed easing in both rates and credit more than compensate for the temporary hit to corporate earnings when valuing the US market via discounted earnings,” he added.

Zero rates?
As part of its stimulus measures, in March the Federal Reserve slashed interest rates to near zero. At the central bank’s most recent meeting at the end of April, it pledged to keep rates at historic lows until the economy recovers. This supports economic activity since it makes borrowing money cheaper.

“Interest rates are going to be extremely low — barely positive — for a very long period of time, so that does provide some support to equity prices,” noted Orszag.

Other factors?
Amid the ongoing uncertainty, Kate Moore, head of thematic strategy for BlackRock, said its important for investors to look through the noise and determine who the winners on the other side will be.



She believes the market is moving higher due to three reasons: the slowing rate of infection, gradual reopening of states’ economies, as well as improving relations between the U.S. and China.

“We need to continue to get government and policy support in order for the market to move forward, and for us to not just be reacting to some slightly incremental better newsflow, but to something that’s more fundamentally driven,” she said.

While many unknowns remain and the path forward is far but uncertain, famed investors are quick to note that the U.S. has bounced back before.


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“Nothing can basically stop America,” said Warren Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting on Saturday. “The American miracle, the American magic has always prevailed and it will do so again.”




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3 Stocks To Watch In The Coming Week: Disney – General Motors – Tesla

After finishing its best month of gains in about three decades, the stock market started May on a sour note as sentiment turned negative on the worsening unemployment situation and increasing tension between the U.S. and China over the spread of coronavirus.

Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses across the country. With that huge economic cost, President Donald Trump threatened to slap tariffs on Chinese imports, blaming the Asian nation for misleading the world about the pandemic.

If Trump acts on his threat, that could again start a trade war between the world’s two largest economies, diminishing prospects for a quick economic recovery. All major U.S. benchmarks, including the S&P 500, Dow and NASDAQ, slumped about 3% on Friday.

In the coming week, we’ll still see a few big names from different sectors of the economy reporting their first-quarter numbers. Here’s what we’re watching:


1. Disney

The Walt Disney Company (NYSE:DIS) reports earnings for the fiscal 2020 second quarter after the closing bell on Tuesday, May 5. Analysts are expecting $18.05 billion in sales and $0.93 a share profit per share.

Disney Stock Price Today

With the entertainment giant’s theme parks closed all over the world due to COVID-19, Disney is expected to report earnings from resorts and consumer products fell by $500 million or more in the period.

The Burbank, CA-based company is also suffering on other fronts: there are no live sporting events for its ESPN network to cover and no theaters currently open where its movies can be shown. Film and TV production has shut down, and its cruise ships are docked.

Faced with these challenges in the coming quarters, Disney probably won’t have much positive news to provide and could avoid delivering future guidance. One bright spot could be the subscriber numbers on its newly-launched streaming service, Disney+ which is benefiting from the stay-at-home environment.

Shares have fallen 27% this year, closing at $105.50 on Friday, after a 2.5% decline for the day.


2. General Motors

General Motors (NYSE:GM) will report results for the first quarter before the market opens on Wednesday, May 6. The carmaker is expected to show $0.47 a share profit on sales of $32.09 billion.

Auto manufacturers are among the worst hit companies in this pandemic. Global lockdowns have forced them to close their plants, while at the same time sales have collapsed.

General Motors Stock Price Today

Last week, GM suspended its dividend and share buyback program as the largest U.S. automaker seeks to preserve cash. The moves announced Monday follow other cash-saving measures taken at the beginning of April, when the company deferred 20% of salaried workers’ pay, cut top executive compensation and put 6,500 employees on leave.

GM shares have plunged more than 45% this year, massively underperforming the benchmark S&P 500 which is down about 13% since the beginning of 2020. The stock fell more than 6% on Friday to close at $20.90.


3. Tesla

Investors in Tesla (NASDAQ:TSLA) are likely to face another volatile week. The electric carmaker’s shares plunged on Friday after its CEO, Elon Musk, said in a tweet that Tesla stock is too high.

Musk posted more than a dozen times in a span of less than a 75 minutes on Friday, claiming he’s selling “almost all” of his physical possessions and won’t own a house. He also renewed his call for reopening the U.S. economy.

Tesla Stock Price Today

It’s not the first time Musk has warned investors about the high price of his own stock. In the three most recent events, Tesla shares remained in the red one year out, while in the 2013 episode, Tesla plunged 30% in the following month. It eventually recovered over the one-year period, According to Baird Equity Research cited by CNBC.

Investors became more confident about Tesla this year, after the carmaker released a better-than-expected earnings reports, raising expectations that the company was in a stronger position to withstand the coronavirus-triggered slowdown. Shares of the Palo Alto-CA company fell more than 10% on Friday, closing at $701.32.





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Making Sense Of A Stock Market Just 16% Off Its High While A Pandemic Costs 26 Million Jobs

Why isn’t the stock market much lower?

This question is occurring to plenty of observers right now, given the apparent contrast between economic realities and equity performance.

A pandemic-driven economic catastrophe of unprecedented speed has cost more than 26 million jobs, which to many seems unreflected in an S&P 500 index that’s up 29% from its low a month ago, down a mere 16% from a record high and resting near levels from late summer 2019 – a time when we were at full employment and record corporate profitability.



Even some on Wall Street are remarking on this perceived Wall Street-Main Street disconnect.

Cantor Fitzgerald strategist Peter Cecchini last week argued, “The equity market just isn’t getting the joke. Three factors make this rally appear somewhat ridiculous because the likely extent of the slowdown will be severe relative to historical experience for three reasons: 1) a pandemic whose duration is unknowable, 2) an oil shock whose impacts on earnings will be deflationary, and 3) an already fragile economy as indicated by an inverted yield curve and already contracting loan volumes.”

Credit Suisse’s Jonathan Golub notes the S&P 500 has been at the current 2800 level a couple of times in recent years, comparing the fundamental context for each visit. When the S&P traded here in both January 2018 and March 2019, forecast earnings over the next year were appreciably higher (meaning stocks now look more expensive) and credit spreads are much wider now (suggesting a riskier environment).

Only when comparing valuations on the profit projections two years out does today’s market look roughly in line with the prior stops at 2800. And it’s probably fair to assume that today’s consensus forecast calling for 2021 earnings growth well above 2019 levels is unadjusted for the full realities of the economic shock underway.

Certainly, the trillions in Federal reserve asset buying has helped enable the rally in risk assets that has lifted equities off their lows and bolstered valuations.

Market internals tell the true story
Yet the way the S&P has returned to 2800 doesn’t truly suggest that the market has rushed to anticipate a roaring economic revival.

If stocks were handicapping such a quick resurgence in the economy, one would expect “early cycle” groups such as autos, banks, consumer durable goods and retail to lead the market. This is the opposite of what’s going on.

Binky Chadha of Deutsche Bank notes that the firm’s early-cycle long-short basket of stocks “after falling massively during the sell-off has continued to fall during the rally.”

Similarly, the Direxion MSCI Cyclicals Over Defensives ETF, a small fund that goes long economically sensitive stocks and short non-cyclical names, has had a fairly feeble bounce after a 38-percent collapse, badly trailing the S&P on the rebound.

Big, steady secular-growth stocks in technology, healthcare and consumer staples are holding things together at the big-cap index level against a steady undertow from shares of cyclical businesses with flagging demand and shakier balance sheets.

This is visible in the gulf between the performance of classic “recession-recovery” plays such as General Motors, flooring-products maker Mohawk Industries and consumer lender Capital One Financial and secular-growth or counter-cyclical names like Amazon, Abbot Laboratories and Campbell Soup.

Amazon exemplifies another dominant trend, the premium being placed by investors on the acclaimed winners of an even more winner-take-all economy that might follow this downturn. Amazon’s $1.2 trillion market value, in fact, now accounts for more than 40% of the entire value of the S&P 500 consumer-discretionary sector.

Of course, just because the market is leaning on sturdy growth businesses rather than outright positioning for a better economy doesn’t mean this theme can carry the market indefinitely higher from here.

Market stalling
The S&P, in fact, has stalled over the past two weeks, chopping sideways just below the rebound-rally highs, as some growth stocks take a breather and short-term overbought conditions are worked off.

It would not be surprising for the indexes to continue digesting the move, assimilating the rush of corporate earnings in coming weeks, with some observers looking for a potential pullback of a few percent from here simply as a matter of technical market positioning.



And at some point, the extreme reliance on the mega-cap growth leaders can go too far. The five largest stocks already make up more than 20% of the S&P, pushing record concentration at the top.

Flows into the ETFS that track the Nasdaq 100, technology, healthcare and utilities have reached extremes, a sign they are getting a bit overheated and are prone to backing off.

At the same time, the market will almost certainly start to anticipate the trough in economic activity well before it seems obvious on Main Street that things are getting better. That would be visible in a rotation out of the crowded stable-growth names and into those distressed, struggling cyclical consumer, financial and industrial groups.

Historically, the stock market has some of its best returns when conditions are shifting from awful to less bad. The recent rally in energy stocks in the face of record-low washout prices in crude oil is an illustration of that.

As Strategas Group technical strategist Chris Verrone notes, “It’s difficult to get worse than worst ever,” and many gauges are, like oil prices, indeed at or near their worst readings on record: unemployment claims, Europe manufacturing indexes, Citigroup Economic Surprise Index.


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Things might soon line up for investors to start making a more aggressive bet the worst will pass before long and the real economy can start the healing process. And perhaps that bet will prove premature for a while once its laid.

But that doesn’t mean that right now Wall Street has already given the economy credit for recovering from an ordeal whose pain and duration are not yet known.




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5 Mistakes To Avoid In A Bear Market

By bear market standards, the recent sell-off was super-fast. It took 16 days for the Standard & Poor’s 500 stock index to fall 20%, the quickest transition from bull to bear ever. But the size of the drop, at least so far, has been below average. At the bear market low on March 23, the broad market gauge was down about 34%, shy of the 40% dip suffered in bears since 1929, according to S&P Dow Jones Indices.


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Still, this bear market, like all the prior ones, has been unsettling. Nobody feels good about losing a third of their stock portfolio in a three-week span. The good news? You can survive a bear market – if you stick to the basic survival guide that Wall Street periodically pulls from the bookcase when the bear initiates its attack on your money.



What follows is a bear market survival guide that highlights major mistakes to avoid:

Don’t try to call the low
Where’s the bottom? That catchphrase is as popular on Wall Street as Wendy’s “Where’s the beef?” ad was during the burger wars in the ’80s.

There’s just one problem: it’s nearly impossible to call a market low, says Jerry Braakman, chief investment officer of First American Trust.

“One of the biggest money mistakes that investors make in a bear market is thinking they can pick the bottom,” Braakman says.

Bear markets, he points out, are not quick events. (They typically last 21 months, S&P Dow Jones Indices says.)

Bears have frighteningly high volatility. (In a short span in March, the S&P 500 saw average daily moves of more than 5% versus average swings of less than 1% last year.)

It’s not uncommon for big rallies to occur in bear markets before reaching a final low. (The market saw several 20% rebounds during the dot-com stock bear in 2000 and the financial crisis in 2008, Braakman points out. That script could be playing out again, as the S&P’s rebound topped 27% April 14.)

Bottoms often take months to form, Braakman says. It’s not uncommon for the S&P 500 to rally before going back down to “test” the old lows. Often, new lower lows are made.

In the current economic situation, while the economy is shut down, unemployment is rising sharply and the government is providing relief for workers and businesses, picking a bottom will again be extremely difficult, Braakman says.

“Anyone who can tell with certainty how this all reconciles is a charlatan,” Braakman says. “With high volatility, mistakes can be amplified. You should stay disciplined with your long-term asset allocation.

Don’t sell stocks and run to cash
Sure, cash is safe, and stocks are risky in a bear market. But that doesn’t mean cash is the answer to all your financial problems – especially if you’re saving for retirement that’s decades away.

“Another big mistake that investors make in a bear market is moving to cash,” Braakman says.

No doubt, cash minimizes paper losses when stocks are in free fall. But stocks don’t stay down forever. Like New York’s lotto slogan says, “You’ve gotta be in it to win it.” (We’re not equating investing with gambling, but it’s true that you can’t participate in a market rebound if your money isn’t invested.)

“You never know,” Braakman warns, ”the recovery could potentially be quick.”

The problem is most people who get out of the market won’t get back in at the right time, Braakman says.

“In earlier bear markets, it took years for investors who moved to cash to come back, so they missed much of the rebound after selling on the way down,” Braakman said. “The lesson is to stay disciplined in your long-term plan.

Don’t own all risky stuff
Reaching for the biggest gains and investing only in the riskiest stuff is a recipe for disaster.

You must “build some protection into your portfolio,” advises Kelly LaVigne, VP of consumer insights for Allianz Life. Too often, he says, when people are “chasing” returns they forget about the lessons they’ve learned about managing risk.

LaVigne says, “If bear markets teach us anything, it’s that a good retirement portfolio – particularly for those within 10 years of retirement – needs to have a balance of accumulation and protection, to help ensure all those funds you spent time building don’t disappear the next time a black swan event occurs.”

Don’t think your portfolio is conservative when it’s not
That can prove costly, says David Reyes, financial adviser at Reyes Financial Architecture.

“The average investor’s portfolio is way too aggressive for their needs and for their ability to psychologically take on the risks of bear markets,” Reyes says. People end up losing more money than they can afford to lose, even some with a balanced portfolio of 60% stocks and 40% bonds, he says.

Another mistake is not paring back risk as you age and near retirement, says Jeff Soltow, financial planner at Frontier Wealth Management.

“(Many) investors will end up taking too much risk later in life and will suffer losses they won’t recover from,” Soltow says. “This sometimes forces them to continue working or they end up falling short in savings.”

Don’t try to time the market
Getting out at “the” market top and getting back in at “the” market bottom is hard to do. No, it’s pretty much impossible to get the timing exactly right. Don’t even try, says Chris Zaccarelli, chief investment officer at the Independent Advisor Alliance.

“The worst thing investors can do during a bear market is try to time the market,” Zaccarelli says. “It is much more difficult than they realize.”

If you’re truly a long-term investor, stay the course and reap the gains the stock market has historically delivered over time to patient investors, he says.

You’re better off “staying invested than by gambling that (you) will be able to outsmart all of the other investors in the world through (your) unique ability to time things well on both when to sell and when to buy back,” Zaccarelli says.

Nobody can predict when stocks will stop going down and start to climb again, he says. The rebound off the bear market low in 2009 is a good example, he says.

“If people … were honest with themselves, they would remember that 3/9/09 felt as terrible as 2/9/09, 1/9/09, 12/9/08, 11/9/08,” Zaccarelli says. “Little did they know that from the bottom in 2009 that by 3/31/09, the market would be up 18%; by 6/30/09, the market would be up 36%; and by 12/31/09, it would be up by 65%.”

One more thing: Do have patience, LaVigne says, and do prepare now for the next bear attack.

“Much of the financial planning advice you’ll see at the beginning of a bear market revolves around having patience,” LaVigne says. “And with good reason, because for those that suffered significant losses in their portfolio, time will be their greatest ally. Do everything you can to avoid letting the next one – and there will be a next one – decimate your savings. The best way to do that is to build some protection into your portfolio to help ensure that at a minimum, you have the assets necessary to cover fixed costs in retirement.”



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Oil Prices Soar As Traders Prepare for Wild Ride to Continue

West Texas Intermediate futures that will deliver oil in June, the U.S. benchmark, rose 20% to $16.47 a barrel. Brent crude futures, used to set prices for oil throughout global energy markets, rose 8.6% to $22.12 a barrel.

Helping prices regain some lost ground: signs of a recovery in demand for oil in China, which is emerging from coronavirus lockdowns, and tensions between the U.S. and Iran. The two nations engaged in a new round of antagonism Wednesday, when Tehran said it had launched its first military satellite into space.

“When you look at China, road traffic and refinery operations are back up,” said Norbert Rücker, head of economics at Swiss private bank Julius Baer. “Don’t forget the geopolitical side too,” he added, referring to the potential for U.S.-Iranian tensions to disrupt the movement of oil through the Strait of Hormuz, a vital channel for tankers.

The advance in prices Thursday continues a period of outsize moves in global energy markets, which have rippled through to oil producers, bond markets and currencies. The price of the most actively traded WTI futures contract has moved up or down 10%, on average, on each trading day since the start of March.

That compares with an average move in either direction of 1.5% in 2019 as a whole, according to FactSet data.


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Traders and analysts say prices will continue to swing. One gauge of how volatile WTI futures prices are expected to be over the next 30 days, the Cboe Crude Oil ETF Volatility Index, has soared more than 730% this year to its highest level on record.

Like the better-known VIX index tracking volatility in the stock market, the index uses options prices to calculate how far traders are expecting prices to move over the next month.

The oil volatility options aren’t tied to oil futures prices directly but instead to United States Oil Fund LP, an exchange-traded fund that aims to match U.S. crude prices. The fund has been at the center of the oil price drama in recent days. It accumulated a huge position in the futures market thanks to a rush of cash from individual investors.

The pandemic has stopped the world from consuming tens of millions of barrels of oil it would otherwise use every day, and storage space is filling up. Production cuts by the Organization of the Petroleum Exporting Countries and its allies, led by Russia, won’t immediately offset this decline in demand.

U.S. crude prices remain 41% lower than they were at the end of last week. In an aberration of historic proportions, the lightly traded May WTI futures contracts fell below $0 for the first time on Monday, meaning traders had to pay buyers to take oil off their hands.

“We’re close to capitulation,” said Marwan Younes, chief investment officer at Massar Capital Management. “We’re getting close to the point when people just stop trying to buy this,” he added, referring to U.S. crude oil futures.

Crude-oil stockpiles in the U.S. climbed by 15 million barrels to 518.6 million barrels last week, the Energy Information Administration said Wednesday, putting them about 9% above the five-year average. Production fell by a modest 100,000 barrels a day.



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Another 4.4 Million Americans Sought Unemployment Benefits Last Week

Workers have filed more than 26 million jobless claims since start of coronavirus-related shutdowns.

About 4.4 million Americans applied for jobless benefits in the week ended April 18, the Labor Department said Thursday. Jobless claims, which are laid-off workers’ applications for unemployment-insurance payments, had reached 5.2 million a week earlier. Since the pandemic led to widespread shutdowns in mid-March, workers have filed more than 26 million unemployment insurance claims.

Some economists say unemployment claims likely peaked in late March when they reached nearly 7 million. Most states recorded a declining number of new claimants last week.


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Others expect a fresh surge of claims in future weeks as workers who were previously unable to file because of backlogged state systems are counted, and as states begin to accept applications from people who are newly eligible under a $2 trillion stimulus package, such as independent contractors and self-employed individuals.

The number of workers receiving unemployment insurance continues to rise as states process applications. In the week that ended April 11, a record 16 million Americans received unemployment payments, up from 12 million the previous week. The data date back to 1967. So-called continuing claims are reported with a one-week lag.

“These unbelievable numbers are masking a lot of the true demand, and that’s what we’re going to continue to see play out over the next month,” Maria Flynn, president of Jobs for the Future, a workforce development nonprofit, said before Thursday’s data.

Washington state offers a window into the potential impact of the federal stimulus on jobless claims. The state saw more unemployment-benefits applications on Saturday night through Sunday than during its biggest week on record, as it launched a “massive update” to its computer systems to start processing expanded unemployment benefits.

Gig-economy workers, self-employed people and those seeking part-time work were among those newly eligible to apply as the state began implementing a key provision of the law.

Rhode Island also experienced a sharp surge in claims when it began accepting applications included in the expanded unemployment assistance.



Compared with other states, Hawaii, Michigan and Rhode Island have seen a relatively large share of their labor forces apply for unemployment benefits in the past month.

Dennis Fithian, 49 years old, of Detroit, was able to register for unemployment insurance benefits relatively quickly after he was laid off from his job at sports radio station 97.1 The Ticket in early April.

Despite high claims volume in Michigan, Mr. Fithian said his wife was persistent in helping him apply online. “She would get up at 2 or 3 in the morning and keep hitting ‘refresh’ until she was able to get in,” he said.

The couple’s biggest immediate concern is losing his health insurance at the end of April—a worry made even more acute by the fact that his 14-year-old daughter suffers from a rare, incurable disease. “I mostly worked for the love of the job. It wasn’t for the great money, so we’ve always budgeted. But just looking at the summer ahead, the health insurance—that’s going to get really pricey,” he said.

The steepest employment losses appeared to occur between mid- and late March, when the economy shed about 13 million jobs, largely in leisure and hospitality, according to Federal Reserve research. By comparison, about 9 million jobs were lost over the course of the 2007-9 recession.

Oxford Economics estimates that the pandemic will result in 27.9 million lost jobs, including between 8 million and 10 million in industries such as manufacturing and construction that most states haven’t ordered to close.

The federal stimulus package was designed to blunt the economic damage from the coronavirus. As of Monday, more than 40 states were paying recipients an additional $600 a week in enhanced unemployment benefits on top of usual state payments, Labor Secretary Eugene Scalia said earlier this week.

The extra $600, which is paid in addition to regular unemployment benefits, could lead to a larger weekly paycheck than many lower-wage workers would typically earn. For others, like Joshua Price, of Syracuse, N.Y., it amounts to much less than they were previously making.

Mr. Price, 46, began receiving unemployment benefits in late March after he lost his homebound math teaching job due to government-mandated public school closures.

He gets a total of $1,104 in weekly benefits, including the extra $600 a week, which works out to 56% of his previous income.

Mr. Price normally tries to save $750 a week, but with tax bills and insurance bills, he is now saving very little. “I don’t believe I should have to go into my savings to pay bills when it’s a government-mandated work stoppage,” Mr. Price said.



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Mortgage Demand Stalls, Even With Interest Rates At A Record Low

Mortgage volume appears to be settling into a new normal, as refinance demand stays high and purchase demand sits at a five-year low.

Total mortgage application volume decreased 0.3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 70% higher than a year ago, but that’s all because of refinances.



Refinance demand did slip 1% for the week but was a sharp 225% higher than one year ago, when interest rates were over 1 percentage point higher. Refinance demand is also surging because some homeowners want to take cash out of their homes, worried that the economic downturn could worsen.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $510,400 or less remained unchanged at 3.45%, as were points at 0.29, including the origination fee, for loans with a 20% down payment. That’s a low for the survey, which began in 1990.

Mortgage applications to purchase a home did increase 2% for the week but were 31% lower than the one year ago.

“The pandemic-related economic stoppage has caused some buyers and sellers to delay their decisions until there are signs of a turnaround,” said Joel Kan, an MBA economist. “This has resulted in reduced buyer traffic, less inventory, and March existing-homes sales falling to their slowest annual pace in nearly a year.”

California and Washington, two of the states hardest hit by the coronavirus, saw mortgage demand rise but were still over 40% below the same week one year ago. Demand in New York, which is seeing the worst of the pandemic, continued to fall.

The refinance share of mortgage activity decreased to 75.4% of total applications from 76.2% the previous week. The adjustable-rate mortgage share of activity increased to 2.8% of total applications.



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Stock Market Investors Are Too Optimistic …

There has been a V-shaped recovery; in the stock market, not in the economy. That is dividing opinion between the doomsayers who think this divergence makes no sense, and those who believe that the Federal Reserve and its central bank peers have this covered — and that they’ll restore the economy to its former state.

That doyen of bargain hunters, Warren Buffett, has been conspicuous by his absence from the recent spate of share buying. Notably, he’s been a net seller of airline stocks.



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The S&P 500 lost one-third of its value between its record high on Feb. 19 and March 23. It has clawed back half of that as the Fed chucked out its rule book and went on a shopping spree for assets.

Equities are pretty much the only type of security that it won’t be adding to its ballooning balance sheet, although a fresh bout of market mayhem might change that too. America’s central bank is already snapping up exchange-traded funds and junk bonds, after all.

A 27% recovery in equities is surprising given that we still have no idea of the virus’s lasting impact on economic output, with only a very partial return to business activity planned and no vaccine in sight.

The surge in jobless claims and companies furloughing staff makes forecasting more art than science, much like Covid-19 statistics. As Torsten Slok, Deutsche Bank AG’s chief economist, points out, a decade of U.S. employment gains have been reversed in a month. The International Monetary Fund’s global economic predictions this week were the bleakest since the 1930s.

The monetary and fiscal response has been spectacular but can it prevent a permanent loss of growth if people’s consumption, travel and working practices have been altered fundamentally? A wave of defaults, credit downgrades into junk territory, bankruptcies and price drops in real assets such as aircraft and property would change the more positive stock market narrative quickly, as would a second wave of the virus.

Parts of the world, Europe in particular, were at risk of recession before the outbreak. Crude oil prices below $20 per barrel don’t suggest global demand will come roaring back.

The equity market is meant to reflect anticipated corporate earnings, and although it’s often given to wild optimism, this is an entirely new situation. How can anyone say with a straight face that they can estimate future earnings right now? There’s little point scouring through first-quarter results apart from looking at how much provisioning the banks are putting in place for loan losses and how much credit has been drawn down.

Any crisis throws up winners — Amazon.com Inc (NASDAQ:AMZN). shares have hit new highs — but most companies are losing. More than half of workers are employed by small- and medium-sized enterprises, which will struggle to get all the financial assistance on offer.

The latest Fed stimulus package adds another $2.3 trillion of support and from this week corporates can go directly to the central bank for commercial paper funding. The ability of the Fed to really sustain stock prices is going to be tested like never before. More stimulus is always being promised but after a decade of quantitative easing, there will be a limit to its effectiveness.

Catastrophe has been avoided but most of the emergency measures are geared toward liquidity and borrowing costs. Growth is the thing that matters most for equity valuations in the medium term, and no one can guarantee that.

Consumers will only return to familiar spending habits if they have regular income and governments don’t raise taxes to pay for the current splurge. More dividends will be cut or cancelled. The hit to earnings will only be partially recoverable as most consumption is immediate and large items such as cars and electrical goods can be put off for other years.

Equity markets are betting big on the lasting results of all the stimulus. A swifter end to lockdowns or a promising vaccine development would be something to get excited about. Until we have that, the confidence looks overdone.



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The Coronavirus Crisis Could Pave The Way To Universal Basic Income


◊ Universal Basic Income ◊

The IMF describes universal basic income as an income support mechanism.

The coronavirus crisis has revitalized calls for a universal basic income.

The Covid-19 outbreak has meant countries across the globe have effectively had to shut down, with many governments imposing draconian measures on the lives of billions of people.

The social, educational and economic ramifications of the confinement measures, which vary in their application worldwide but broadly include social distancing, school closures and bans on public gatherings, are expected to have a profoundly negative impact.

To be sure, the International Monetary Fund now expects the global economy in 2020 to suffer its worst financial crisis since the Great Depression.

The dramatic downgrade to this year’s growth expectations has amplified concern about those most vulnerable to an economic slump. In his Easter letter over the weekend, Pope Francis said: “This may be the time to consider a universal basic wage.”



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He argued it would “ensure and concretely achieve the ideal, at once so human and so Christian, of no worker without rights.”

As of Thursday, more than 2 million people had contracted Covid-19 worldwide, with 137,078 deaths, according to data compiled by Johns Hopkins University.

‘We have got to protect everyone’
Universal basic income is not a new idea. But it has gained more traction of late, more recently through the likes of U.S. presidential candidate Andrew Yang, who based his platform on the policy.

The IMF describes universal basic income as an income support mechanism, in which regular cash payments are intended to reach all (or a very large) portion of the population with no (or minimal) conditions.

Guy Standing, a research professor in development studies at SOAS, University of London, told CNBC via telephone that there was no prospect of a global economic revival without a universal basic income.

Standing, who has been an advocate for a universal basic income for more than three decades, said he believed the coronavirus crisis would be “the trigger” for a basic wage.

“It’s almost a no-brainer,” he said. “We are going to have some sort of basic income system sooner or later, but I think getting the establishments of many countries to do it is like pulling the proverbial tooth. There’s a big institutional resistance to it because of the implications of moving in this direction.”



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Standing urged world leaders and policymakers to avoid repeating the same mistakes that were made in the aftermath of the 2008 global financial crisis, saying another “toxic combination” of austerity and quantitative easing would simply stoke up another crisis.

“Going back and doing what they did after 2008 would be a disaster.”

Some governments, including the U.K., Austria and Denmark, have introduced wage subsidies in an effort to protect households from an expected economic downturn. They are intended to help protect jobs and cover the salaries of millions of people.

Standing dismissed such an approach as “regressive” and “inefficient,” arguing wage subsidies of this nature would only ever result in a large number of vulnerable people being excluded from the system. “It’s atrocious economics.”

“So, for me, all of the arguments are tilting us toward saying: ‘We’ve got to protect everybody. We are all vulnerable.’”

‘A level unifier’
Earlier this month, Spain’s Minister for Economic Affairs Nadia Calvino told Spanish broadcaster La Sexta that the euro zone’s fourth-largest economy would roll out a universal basic income “as soon as possible.”

Calvino said the government’s wish was to make a nationwide basic wage a permanent instrument that supports citizens “forever.”

If the policy is implemented successfully over the coming weeks, it would make Spain the first country in Europe to introduce a universal basic income on a long-term basis.

Cailin Birch, global economist at the Economist Intelligence Unit, told CNBC via telephone that Spain’s decision to roll out a universal basic income could pave the way for other countries to follow suit.

“In the U.S., they’ve actually already arrived at the policy — albeit through the back door rather than the front door,” Birch said, referring to the federal government’s direct payments plan.

The first wave of stimulus relief checks were deposited into some Americans’ bank accounts over the weekend, according to the IRS. Millions more expect to receive theirs in the coming weeks.

The checks are worth $1,200 for individuals with adjusted gross income below $75,000 and $2,400 for couples earning below $150,000.

It comes as part of the $2.2 trillion stimulus bill passed late last month. The direct payments are designed to help mitigate the financial strain caused by Covid-19.

“If anything, it makes the case for the need to have some kind of level unifier so that households can avoid financial ruin,” Birch said.

She warned one-off payments would be an “imperfect example” for basic income in the world’s largest economy, given that households would not be able to plan on receiving a second payment and because people are typically hesitant to spend money in the wake of an economic downturn.

There’s a “big divide” between the U.S. and Europe when it comes to their appetite for a universal basic wage, Birch said, suggesting Europe was generally seen to have “more familiarity and comfort with a left-leaning view.”



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Earnings Season Offers Next Test For Rebounding Stock Market

‘We haven’t really seen markets reflect the full extent of the damage that coronavirus is having to corporate profitability,

The kickoff of earnings season this week will give investors a first glimpse of the impact of the coronavirus shutdown on corporate profits—and potentially clues about the outlook for the rest of the year.

Those results will offer a test for a stock market that is attempting to rebound after a bruising selloff. The pandemic is expected to cause a severe economic contraction and a sharp decline in corporate earnings in 2020. What remains unknown is the extent of the damage.

Companies from General Electric Co. to FedEx Corp. and Starbucks Corp. have warned they can no longer forecast their own results in a period of such uncertainty. Businesses across the country say revenue has evaporated following stay-at-home orders and the closure of nonessential businesses, leading them to furlough employees and drastically cut spending as they try to stay afloat.

Despite the turmoil, stocks have rallied over the past three weeks on early indications that social-distancing practices are helping to slow the spread of the virus. The S&P 500 climbed 12% last week, its best weekly performance since 1974, and it has rallied 25% from its March 23 low. The index is still down 14% for the year.



“It’s been remarkable to watch markets just climb higher and higher,” said Emily Roland, co-chief investment strategist at John Hancock Investment Management. “We haven’t really seen markets reflect the full extent of the damage that coronavirus is having to corporate profitability.”

For that reason, some analysts worry the stock market is on the cusp of a reckoning and another painful selloff could be in store if corporate profits plunge. Others fear Wall Street’s current earnings estimates don’t fully reflect the extent of the expected carnage. Because projections for earnings are a key part of how stocks are valued, the opaque view into corporate profits suggests major indexes could see more volatility ahead.

Big banks including JPMorgan Chase & Co. and Bank of America Corp., along with health-insurance giant UnitedHealth Group Inc., transportation bellwether J.B. Hunt Transport Services Inc. and health-products company Johnson & Johnson, will be among the first big companies to open their books this week. While those results will be of great interest, investors will more carefully scrutinize comments from executives for indications of what will come later this year.

“There is more uncertainty for this quarter than almost any quarter I can remember,” said Bob Doll, chief equity strategist and senior portfolio manager at Nuveen. “My guess is somewhere between a half and three-quarters of analysts have yet to take a knife to their earnings [estimates] because they don’t know what knife to take to them and how deep to cut.”

The range of estimates reflects the deep uncertainty about the path ahead. FactSet projects a 9% year-over-year decline in earnings for all of 2020, based on analysts’ expectations for individual companies in the S&P 500, a sharp reversal from the 9.2% growth anticipated as last year ended.

Such a decline pales in comparison with the profit collapse forecast by big banks. BofA Global Research projects a 29% drop in per-share earnings this year, an estimate that incorporates “cataclysmic losses in travel, restaurants and other industries directly impacted by social distancing.” Goldman Sachs has predicted profits will tumble 33%, while cautioning that in a more painful slowdown, the decline could be 57%.

The second quarter is expected to see the brunt of the damage based on the current scale of the shutdown. Profits among companies in the S&P 500 are projected to drop 21% in the current quarter after sinking 11% in the first three months of the year, according to FactSet estimates. In the second half of the year, profits are expected to continue shrinking, but at a slower pace, falling 9.6% in the third quarter and 1.6% in the fourth.

“We’ve never, ever, ever seen a sudden stop of the economy,” said Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management. “That’s why this is going to be such a scrutinized petri dish, if you will, of an experiment for people to understand, really, what are the companies that have a true resilient and recurring revenue stream?”

First-quarter earnings forecasts have dropped for all 11 sectors in the S&P 500. The pain is projected to be particularly acute among companies in the consumer-discretionary group—a category that includes hotels, cruise lines and restaurants—where profits are expected to sink 32% from a year earlier, according to FactSet.

Marriott International Inc., for one, has begun furloughing what it expects will be tens of thousands of employees, while temporarily closing properties and curbing other spending. Shares of the company, which has withdrawn its financial guidance, are down 46% this year.

Meanwhile, earnings among energy companies, which have been hit both by an unprecedented drop in demand and the price war between Saudi Arabia and Russia, are expected to plummet 52%. Both Exxon Mobil Corp. and Chevron Corp. have slashed their capital spending plans in response to the crash in oil prices. Those stocks are off more than 30% in 2020.


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One of the brighter spots is expected to be the communication-services sector, which includes Facebook Inc. and Google parent Alphabet Inc. Earnings among those companies are projected to grow 7.8%, down from an expected 17% growth at the end of last year. Analysts are calling for profits at Facebook to more than double, despite a slowdown in advertising due to the pandemic. Its shares are down 15% this year, in line with the broader market.

“We’re looking forward to earnings season with a particular fascination to see what we learn about different companies’ business models,” Morgan Stanley’s Ms. Shalett said. “We’re also going to be put in a place where we have to all think really hard about to what extent is both consumer and business behavior changing, semi-permanently or permanently because of this trauma and this sudden stop in the economy.”



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Americans Could Start Receiving Relief Money Next Week

Much-awaited aid cash will begin flooding into millions of bank accounts next week in the first wave of payouts to shore up the nation’s wallets. Millions of taxpayers will begin receiving the extra money to pay rent, groceries and other bills next week, or possibly as early as Thursday or Friday, some say.

The first group – estimated to cover 50 million to 60 million Americans – would include people who have already given their bank account information to the Internal Revenue Service.



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The first group also would include Social Security beneficiaries who filed federal tax returns that included direct deposit information, according to an alert put out today by U.S. Rep. Debbie Dingell, D-Mich. Dingell’s announcement said the expectation is that the first direct deposits would hit in mid-April, likely the week beginning April 13.

But other sources say many bank accounts could see the money as soon as Thursday or Friday.

Here’s something you need to know: “For security reasons, the IRS plans to mail a letter about the economic impact payment to the taxpayer’s last known address within 15 days after the payment is paid.

The letter will provide information on how the payment was made and how to report any failure to receive the payment. If a taxpayer is unsure, they’re receiving a legitimate letter, the IRS urges taxpayers to visit IRS.gov first to protect against scam artists.”

If you filed your 2019 tax return, for example, the IRS is going to use the same bank account information that you might have supplied for the direct deposit for your income tax refund. You’d want to check your account to verify whether the money has arrived.

If you did not yet file a 2019 return, the IRS is using information from your 2018 tax filing to calculate the payment. And the money would be deposited directly into the same banking account reflected on the return.

The next wave of money could begin as early as the week of April 20 for a group of people who receive Social Security benefits via direct deposit but may not make enough money to be required to file a federal income tax return in 2018 or 2019. You will not need to file any extra forms to receive this money.

“The estimates are that nearly 99% of Social Security beneficiaries who do not file a return receive their benefits through direct deposit,” according to Dingell’s alert.


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Finally, the last wave of money would involve the mailing of actual checks at a later date. The paper checks themselves would be staggered over several weeks.

The first paper checks are expected to go out to families who have the lowest incomes, possibly those who make less than $10,000 a year, but do not have direct deposit information on file with the IRS.

The idea is to get money to those who need it the most but may be the least likely to have bank accounts.

The first round of checks could be sent out sometime after April 24, according to experts, into the first week of May. Dingell’s announcement said first group of checks are expected to be go out to families the week of May 4.

But if you’re stuck getting a check, experts say, you may need to wait into May, June and July – depending on how many physical checks the IRS actually ends up mailing.

Your best bet, if you have a bank account, is to make sure that the IRS has your bank account information for direct deposit.

The Treasury Department is expected to launch a web-based portal system sometime late next week that would allow people to provide their own direct deposit information in order to speed the delivery of money and avoid the checks altogether. See http://www.irs.gov/coronavirus for updates and information on the portal.

The goal is to make the process smoother so people can receive money more quickly by making sure that money goes directly into bank accounts.

Waiting around for a check could take months. And who’s going to be watching your mailbox if you’re battling the coronavirus in the hospital?

Thieves who make stealing our money their business also would be watching mailboxes, then attempting to steal checks and later cash them via unreputable outfits.

How much money you get will depend on your adjusted gross income, based on information on your 2018 or 2019 tax return.

Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment.

The maximum is $1,200 for an adult – $2,400 for a married couple – and $500 for children under age 17.

Taxpayers would have an opportunity to reconcile some differences relating to payouts when they file the 2020 tax return in the 2021 filing season.

“You’ll get any additional money due to you then, but you won’t have to pay anything back if your payment was too high,” according to Jackie Perlman, principal tax research analyst with H&R Block’s Tax Institute.

The money is not taxable.

“First and foremost, the payments will not be included in 2020 income. Any payment you receive is an advance payment of a credit that will appear on your 2020 income tax return,” said Ken Milani, professor of accountancy at the Mendoza College of Business at the University of Notre Dame.

Milani gives this example: Say a single taxpayer with two children (both under 17) receives a check for $2,200 – which breaks down to $1,200 for the taxpayer plus another $1,000 for the children.

When the taxpayer prepares a 2020 income tax return, a $2,200 credit appears on the Form 1040. Elsewhere on the return, the $2,200 advance payment of the credit will surface.

The result is a “wash,” he said.

The final result, Milani said, is that the taxpayer receives $2,200 (non-taxable) to spend and the money is not returned to the IRS. The vast majority of people do not need to take any action. The IRS will calculate and automatically send the “economic impact payment” to those eligible.




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U.S. Postal Service Could Shut Down By June

Throughout the coronavirus pandemic, postal workers have been on the front lines, considered “essential workers” who must continue to do their jobs as usual while others stay home. But some lawmakers are warning that without more support, the U.S. Postal Service (USPS) could completely shut down in the next few months, threatening the livelihoods of hundreds of thousands of Americans.

Last week, Representatives Carolyn B. Maloney, the chair of the Committee on Oversight and Reform, and Gerry Connolly, chair of the Subcommittee on Government Operations, said in a letter to Senate Majority Leader Mitch McConnell that the COVID-19 crisis is threatening the future of mail service in the U.S.


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“The Postal Service is in need of urgent help as a direct result of the coronavirus crisis,” they said. “Based on a number of briefings and warnings this week about a critical fall-off in mail across the country, it has become clear that the Postal Service will not survive the summer without immediate help from Congress and the White House. Every community in America relies on the Postal Service to deliver vital goods and services, including life-saving medications.”

The lawmakers said USPS, which is a quasi-governmental agency that relies on fees rather than taxes, may be forced to shutter as early as June, less than three months from now. They noted that postal workers delivered more than a billion shipments of prescription drugs last year, and ceasing operations during the virus outbreak could have dire consequences for the health of people around the country.

“The Postal Service needs America’s help, and we must answer this call,” they said.

“These negative effects could be even more dire in rural areas, where millions of Americans are sheltering in place and rely on the Postal Service to deliver essential staples,” the lawmakers warned.



Americans are also counting on postal service workers to deliver millions of coronavirus relief checks — a process that won’t start until the end of April and isn’t scheduled to finish until September. However, it’s unclear if it will have the funding needed to do so.

Maloney and Connelly proposed a bill that would provide a $25 billion in emergency funding for the postal service, eliminating its debt with the stipulation that it would prioritize medical deliveries during the crisis. They said the funding would save the jobs of more than 600,000 Americans.

A USPS spokesperson told CBS News on Friday, “The United States Postal Service appreciates the inclusion of limited emergency borrowing authority during this COVID-19 pandemic. However, the Postal Service remains concerned that this measure will be insufficient to enable the Postal Service to withstand the significant downturn in our business that could directly result from the pandemic.”

The statement continued, “Under a worst-case scenario, such downturn could result in the Postal Service having insufficient liquidity to continue operations.”

According to the spokesperson, USPS has experienced a significant loss in needed revenues during the pandemic and subsequent decline in economic activity, but it continues to work with lawmakers to ensure Americans’ access to mail during this time.

However, when President Donald Trump signed into law the $2 trillion coronavirus emergency spending bill, it allowed USPS to borrow just $10 billion from the Treasury Department.

“That is woefully inadequate,” said Fredric V. Rolando, president of the National Associated of Letter Carriers, in a plea for more funding in the next round of legislation. “The administration clearly does not understand the importance of the Postal Service, especially now.”


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Democrats are working to put together a fourth coronavirus spending bill that would give USPS more funding, primarily in order to boost the ability to vote by mail in the upcoming election, House Speaker Nancy Pelosi said.

Post offices have so far remained open throughout the crisis, along with hospitals, pharmacies, supermarkets and other essential businesses. According to a New York Times report, at least 20 postal workers had tested positive for the virus by last Friday — a number that has likely increased given the rate of U.S. diagnoses.

With over 266,000 confirmed positive tests, the U.S. now has the most cases of COVID-19 in the world, contributing to the global total of more than 1 million cases, according to data compiled by Johns Hopkins University. So far, over 6,900 people have died in the U.S. from the virus.




Million of Americans Already Have Lost Their Jobs Amid The Coronavirus And The Worst Of The Damage Is Yet To Come

Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which would translate to a 32.1% unemployment rate, according to a recent analysis of how bad things could get.

The projections are even worse than St. Louis Fed President James Bullard’s much-publicized estimate of 30%. They reflect the high nature of at-risk jobs that ultimately could be lost to a government-induced economic freeze aimed at halting the coronavirus spread.

“These are very large numbers by historical standards, but this is a rather unique shock that is unlike any other experienced by the U.S. economy in the last 100 years,” St. Louis Fed economist Miquel Faria-e-Castro wrote in a research paper posted last week.


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There are a couple of important caveats to what Faria-e-Castro calls “back-of-the-envelope” calculations: They don’t account for workers who may drop out of the labor force, thus bringing down the headline unemployment rate, and they do not estimate the impact of recently passed government stimulus, which will extend unemployment benefits and subsidize companies for not cutting staff and extending unemployment benefits.

However, the jobless picture already looks bleak.

A record 3.3 million Americans filed initial jobless claims for the week ended March 21. Economists surveyed by Dow Jones expect another 2.65 million to join them this week. Friday’s nonfarm payrolls count for March is expected to show a decline of just 56,000, but that’s largely due to a statistical distortion because of the sampling period for the count happening before the government implementing social distancing practices.

The central part of Faria-e-Castro’s compilations comes from previous Fed research showing 66.8 million workers in “occupations with high risk of layoff.” They are sales, production, food preparation and services. Other research also identified people 27.3 million people working in “high contact-intensive” jobs such as barbers and stylists, airline attendants, and food and beverage service.

The paper then took an average of those workers and estimated a loss of just over 47 million positions. That would bring the U.S. unemployment rolls to 52.8 million, or more than three times worse than the peak of the Great Recession. The 30% unemployment rate would top the Great Depression peak of 24.9%.

The one potential bright side is the likelihood that the downturn could be comparatively brief.

During a CNBC interview last week, Bullard said the jobless number “will be unparalleled, but don’t get discouraged. This is a special quarter, and once the virus goes away and if we play our cards right and keep everything intact, then everyone will go back to work and everything will be fine.”





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Financial Markets – Top 5 Things to Watch This Week

The negative impact of the coronavirus pandemic on the U.S. labor market will begin to become more apparent this week.

Friday’s nonfarm payrolls report for March is expected to show a large drop amid the lockdown in many cities and states that has shuttered businesses and sparked a massive wave of staff layoffs. Thursday’s jobless claims report will also be in focus after last weeks jump to historic highs.



President Donald Trump’s response will be closely watched for any indications of how much he is leaning towards easing restrictions, despite the ongoing healthcare crisis. Meanwhile, Chinese PMI data may offer indications that the world’s second- largest economy is starting to recover after slumping since the start of the year and the first quarter of 2020 is drawing to a close. Here’s what you need to know to start your week.


1 – U.S. labor market impact
Due to the timing of the survey period for the U.S. nonfarm payrolls report for March it likely preceded the worst of the impact on the labor market. Economists still expect Friday’s figures to show a loss of 100,000 jobs.

A significant overshoot of that and the unprecedented $2 trillion stimulus package approved by Congress could suddenly start to look inadequate. The government’s package includes a $500 billion fund to help hard-hit industries and a comparable amount to fund direct payments of up to $3,000 apiece to U.S. families.

Ahead of that, Thursday’s jobless claims report is expected to show another massive wave of new claims for unemployment benefits in the week to March 28, after they surged to a record 3.28 million in the preceding week.

2 – Trump walks back remarks about faster reopening
Investors will be closely following developments in the White House after President Trump appeared to back off from remarks he made last week about getting the economy going again by Easter Sunday.

Trump said Saturday he was unsure about whether the United States will reopen for business by April 12th following shutdowns in major cities across the country.

Some investors believe an earlier return to work would boost the U.S. economy, but health experts say a haphazard patchwork of restrictions across states could make the coronavirus impact worse. Cases in the U.S. soared past 115,000 on Saturday, the highest number in the world.

Trump, who is concerned about the economic repercussions of an extended shutdown of nonessential business has accused his Democratic critics of wanting to keep the economy in paralysis to improve their chances of ousting him in the Nov. 3 election.

3 – Chinese PMI data
Already Chinese factories’ Jan-Feb profits have hit their lowest in a decade and Tuesday’s PMI survey data for March will very likely reveal more pain. And just like everywhere else, job losses are mounting up, regardless of how many cheap loans are being offered to businesses.

While China seems to have contained the coronavirus, allowing work and travel to resume the major economic damage may still be to come. With infections climbing exponentially in the U.S., Europe and the other markets China exports to, and with supply chains in disarray, China being hit by a supply-demand shock.

4 – Eurozone data
There is a lot of economic data coming out of the Eurozone this week and Monday’s March economic sentiment data will offer insights into how businesses and consumers assess the situation, even though is predated new restrictive measures put in place since the survey was conducted.

The slump in oil prices means that March’s inflation will have tumbled, while reports on retail sales and unemployment are for February, so will still not show the full magnitude of the economic fallout from measures put in place to try to contain the coronavirus pandemic.

5 – Q1 wraps up
Few will regret the end of the first quarter of the year. Fears of a U.S.-Iran war gave way to the coronavirus pandemic which JPMorgan analysts have estimated will have pushed the world economy into a 12% contraction in the three months to March. The quarter saw the most brutal global equity collapse since the Great Depression, exacerbated by a 60% oil price slump.

The start of Q2 may not bring much relief, with coronavirus still spreading rapidly and keeping large parts of the global economy shuttered. Banks have rushed to slash Q2 forecasts too, so expect more turbulence on financial markets.

But markets have rebounded and may actually end Q1 on a high after governments pledged a $5 trillion stimulus effort and major central banks slashed rates and restarted asset purchases. Investors will be watching to see if infection rates are peaking, but there is still no certainty about when the coronavirus will be got under control.






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Stimulus Check Calculator

Congress just passed a $2 trillion stimulus bill to address the growing economic crisis caused by the coronavirus pandemic.

Included are direct payments to many Americans. Individuals are eligible for up to $1,200 and couples would receive up to $2,400 — plus $500 per child.

But the payments would start phasing out for individuals with adjusted gross incomes of more than $75,000. The amount would then be reduced by $5 for every additional $100 of adjusted gross income, and those making more than $99,000 would not receive anything. The income thresholds are doubled for married couples.

Income would generally be based on one’s 2019 or 2018 tax returns.

The money will likely be deposited directly into individuals’ bank accounts — as long as they’ve already authorized the IRS to send their tax refund that way over the past two years. If not, the IRS would send out checks in the mail.

The White House has said they hope to begin distributing cash quickly, but it may take weeks before the bulk of payments go out.


See how much you’re eligible for here


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3 Food Delivery Stocks Set To Gain As COVID-19 Lockdowns Boost Demand

As the coronavirus continues to spread rapidly around the globe, infections in the U.S. are on the rise with at least 55,231 confirmed cases and 801 deaths reported.

To contain the pandemic in the U.S., states are taking lockdown measures to reduce the number of social interactions. The majority of states have prohibited dining at restaurants, permitting only delivery and pick-up options.



While Wall Street is on track to suffer its worst month since the Great Depression, some food delivery stocks are thriving on expectations that even more Americans will order in as they are confined to their homes in the weeks ahead. These three stocks are well-positioned to benefit:

1. Domino’s Pizza
Domino’s Pizza (NYSE:DPZ) is known for its delivery service, which accounts for about 55% of total orders. As an increasing number of people are opting for take-out, the Ann Arbor, Michigan-based pizza chain has been displaying robust relative strength amid the ongoing coronavirus market correction. Shares of the corporation, which are up about 22% over the past month-and-a-half, settled at $343.56 last night, giving it a market cap of roughly $13.4 billion.

The multinational pizza chain with 17,000 stores in more than 90 countries around the world officially began implementing its ‘Contact Free Delivery’ service due to the COVID-19 outbreak this week in the U.S. as well as other countries impacted by the virus, like India, the United Kingdom, Ireland, and Australia.

The company announced last week that it expects to hire about 10,000 workers in the U.S. alone to meet increased orders at a time when the coronavirus pandemic has resulted in restaurants across the country laying off thousands of workers.

“Our corporate and franchise stores want to make sure they’re not only feeding people, but also providing opportunity to those looking for work at this time, especially those in the heavily-impacted restaurant industry,” CEO Ritch Allison said in a statement on March 19.

2. Blue Apron
Blue Apron (NYSE:APRN) is a New York-based online meal-kit company that delivers pre-measured ingredients, with which customers cook recipes of their choice. By making home cooking easy and accessible, Blue Apron has gained as the coronavirus outbreak in the U.S. led more Americans to seek alternatives to shuttered restaurants and emptied grocery store shelves.

Even after Tuesday’s 15% drop, this month the stock has surged an astonishing 260%, bucking the broader market rout brought on by virus fears. Shares ended at $10.36 last night, giving the food-delivery service a market cap of $137.45 million.

Blue Apron said last week it has seen a “sharp increase” in demand for its meal kits and it is taking steps to meet the greater number of orders. “We are increasing our capacity for future orders and expect to fulfill this increased demand by the next available weekly cycle, starting on March 30,” Linda Findley Kozlowski, Blue Apron’s chief executive, said on March 19.

However, any boost in business for Blue Apron will likely taper off after the immediate threat of the COVID-19 outbreak passes and consumers return to eating out. Prior to its recent surge, shares of Blue Apron had fallen about 98% from its 2018 IPO price, plunging to $2 in late February, due to growing competition and disappointing revenue.

3. Chewy
Chewy (NYSE:CHWY) is the leading online seller of branded and private-label pet food and grooming supplies in the U.S. The Florida-based company allows customers to browse a wide variety of foods for different animals through its website and mobile applications, then receive the package directly to their door.

Like the two other companies mentioned above, Chewy has also seen its shares rise despite the broader market selloff. The online pet products retailer has benefitted as its in-home delivery model mitigates the public health concern of consumers shopping for their pets at brick-and-mortar retailers.

Shares of the online pet products seller, which are up more than 27% over the past two weeks, closed at $33.65 yesterday, giving it a market cap of $12.8 billion. The stock touched a record high of $34.99 on March 19.

Chewy next reports earnings on Thursday, April 2, after markets close. Consensus calls for a loss of 15 cents per share for the fourth quarter, while revenue is forecast to total $1.35 billion.



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These Five Warning Signs Highlight Virus’s Rapid Economic Impact

The economic losses from the coronavirus have transitioned from hints of serious difficulties just a week ago to a devastating stoppage at countless U.S. restaurants, hotels, movie theaters, gyms and other service providers, with millions of employees now idled.

While still largely invisible in the mostly dated official economic data, the destruction is clear in private reports on hotels, dining establishments and theaters, many of which are now closed. The key questions center around how much more deterioration remains and how long it will last.

Here are five indicators that give a sense of the emerging crisis for the nation’s businesses.

1. Hotels

The outlook for the lodging industry has quickly gone from bad to worse. In the week ended March 14, occupancy of U.S. hotels plunged to 53%, meaning rooms were about half empty for the week, according to data tracker STR. A year ago, the rate was 70%. The slump occurred even as the industry reduced prices, with average daily rates falling 11% from a year earlier.

With the virus spreading to all 50 states, the falloff in travel is likely to be just the beginning. Seattle, which was an early epicenter of the virus in the U.S., experienced just 33% occupancy, while San Francisco’s was 39%. New York City, which typically is packed with tourists and business travelers, saw a decline to 49%.

Cities that depend on conventions were especially hard hit, said Jan Freitag, STR’s senior VP of lodging insights. “Group cancellations were felt across the markets.”

2. Retail Sales

Retail sales show a somewhat deceptive picture of true demand as they are holding up primarily because Americans are racing to discount and grocery stores to stockpile food, toilet paper and paper towels and other emergency goods. While discounters saw a surge in sales, purchases slumped at department stores that offer discretionary items like clothing, according to Johnson Redbook data.

Gains were led by “canned food, bottled water, pharmaceuticals, cleaning and household products as consumers stocked up in anticipation of staying at home for the next several weeks,” Bloomberg Intelligence analysts wrote.

It will get even worse for department stores. The largest mall owner, Simon Property Group (NYSE:SPG), announced it was temporarily closing all of its retail malls in the U.S.

3. Jobless Claims

With state and local governments ordering restaurants, movie theaters, bars, gyms and other gathering places to close, economists are bracing for a once-in-a-lifetime surge in jobless claims. Applications for unemployment benefits rose 70,000 last week to 281,000, Labor Department data showed Thursday.

But that’s about to spike much higher. Pantheon Macroeconomics Chief Economist Ian Shepherdson said his preliminary estimate is 2 million claims for next week. Goldman Sachs Group Inc (NYSE:GS). economists project 2.25 million.

4. Consumer Comfort

If you are looking for a bright spot, by one measure, consumers’ attitude seem to be holding up reasonably well. The Bloomberg Consumer Comfort Index improved last week to 63 from 62.7 a week earlier, the first gain since January. The caveat is the CCI is reported on a four-week rolling average basis.



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Confidence remains well above levels of the past recession during 2007 to 2009. But with layoffs starting to occur in large numbers and the stock market deteriorating rapidly, there is reason to expect sentiment will weaken. Improved household attitudes will be vital for spending when the U.S. emerges from the crisis.

5. Movie Theaters

Theaters in the U.S. and Canada brought in just under $50 million over the weekend starting March 13, researcher Comscore Inc. said Monday. That’s a 61% decline from a year earlier and the smallest weekend tally since at least 1998. The three-largest chains in the U.S. are all closed this week, and almost every new film release has been postponed or is being made available for at-home rental early.

Of course, the cinema isn’t alone within the arts and entertainment industry. Broadway is dark too, having been shut down by order of New York Governor Andrew Cuomo more than a week ago. And all major sports — remember this should have been a week for NCAA basketball’s March Madness tournament — have canceled games or suspended seasons indefinitely,












 

Traders Bet On Falling ‘Fear Gauge’

The volatility gauge tends to rise when markets fall and investors reach for stock protection through the options market. The VIX climbed to 82.69 Monday, topping its high of about 80 in 2008. After the financial crisis, trading derivatives tied to the VIX took off as people sought to profit from its swings.



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Many are wagering its recent jump won’t be long-lived. Betting on its fall through what is known as the short volatility trade has been particularly popular in recent years. This can be a risky tactic that backfires when stocks slide as sharply as they have in recent weeks as the spread of coronavirus has raised the risk of a recession.

As stock markets staged a modest rebound Tuesday, some of the most popular contracts were tied to VIX falling to 27 or 20, Trade Alert data show, closer to levels hit earlier this year when major indexes hit records.

Still, turbulence in markets has been high, triggering diverging views on the gauge’s path. Analysts at Credit Suisse Group AG said another steep selloff similar to Monday’s could push the VIX above 100. The S&P 500 fell 12% that day, one of the worst sessions in its history.

Some options traders have already been positioning for that, scooping up contracts tied to the VIX jumping as high as 100 or even 130, Trade Alert data show. Those are among the smaller positions outstanding but were some of Monday’s most popular trades, according to Trade Alert.

“While this is surely possible, we believe it is highly improbable,” wrote Jonathan Golub, an analyst at Credit Suisse.

Cboe Global Markets Inc., the exchange operator that oversees VIX options trading has added new strike prices—or levels at which options can be exercised—during the recent market tumult. Cboe added options with a strike of 100 on March 2 and more strikes were added the following week, a spokeswoman for the exchange said.






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Real Ways To Make Money Online Today

Internet offers many opportunities to make a lot of money. Whether you’re looking to make some fast cash, or you’re after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn’t as difficsult as most make it out to seem.





However, if you’re looking for realistic ways to make money now, then it really truly does boil down to 11 paths you can take towards profit. Some will provide you with immediate results, helping you to address your basic monthly necessities, while others have the potential to transform your life by revolutionizing your finances in the long term…




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Make Money With an Online Drop Shipping Business

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Emergency Measures Taken By The Federal Reserve May Not Be Enough To Ward Off A Coronavirus-Induced Great Recession

The decline underscores the level of worry among investors since the coronavirus pandemic escalated and disrupted supply chains, sidelined workers and infected tens of thousands of people. To combat the potential economic fallout, central banks and governments have put in place various stimulus measures.

Those efforts, so far, have yet to stem the selloff. The S&P 500 is down 30% from its peak reached less than a month ago. Shares in the two largest U.S. companies by market value—Apple Inc. and Microsoft Corp.—each dropped more than 12% Monday.

“This is what panic looks like,” said Patrick Healey, president and founder of Caliber Financial Partners. “It doesn’t matter what the Fed did over the weekend or what they could have done, the trading activity in the market is reflective of fear and uncertainty.”

“The only thing that is going to calm markets is seeing the number of [coronavirus] cases go down,” he said.

The blue-chip index plummeted 2997.10 points, or 13%, to 20188.52, marking the second worst day in the index’s history. The S&P 500 dropped 324.89 points, or 12%, to 2386.13. And the Nasdaq Composite tumbled 970.28 points, or 12%, to end the day at 6904.59—the tech-heavy index’s steepest ever one-day fall.

All three major indexes are in a bear market.

Bank stocks were among the hardest hit Monday, with Citigroup Inc. falling 19%. Bank of America Corp. and JPMorgan Chase & Co. both declined 15%. The Fed, which took a range of actions to support bank lending, noted companies around the world are drawing down their credit lines for working capital as economic activity slows, putting pressure on lenders.

Those efforts were part of the central bank’s broader bid to stabilize the economy. It slashed its benchmark interest rate to near zero—the second emergency rate cut this month and said it would buy $700 billion in Treasurys and mortgage-backed securities, among other things.

The news sent stock futures and global stocks sliding, with some investors viewing the move as too much stimulus, too soon.

“It’s basically using up all their ammunition within a three-week span,” said Terence Wong, chief executive of Azure Capital, a Singapore-based fund management firm. “There’s nothing left. They can’t use monetary loosening as part of their arsenal anymore.”

U.S. stock trading was halted for 15 minutes shortly after Monday’s opening bell when the S&P 500 tumbled more than 7%, triggering a marketwide circuit breaker. The automatic curb on trading marked the third time in six sessions that U.S. stocks have been halted intraday.



The declines accelerated in the final hour of trading after President Trump said the virus may not be under control until July or August.

The losses were broad: Only nine stocks in the S&P 500 ended the session in the green.

Yet there were surprising bright spots, too. American Airlines Group Inc. surged 11% on talks between U.S. airlines and the government to obtain as much as $50 billion in financial assistance. Moderna Inc. skyrocketed 24% after the biotechnology company said it had tested its coronavirus vaccine on one participant involved in its clinical trial. Clorox Co. also continued climbing, rising 4.1%, on increased demand for cleaning products.

Several U.S. states and cities have said in recent days that they were closing nonessential businesses, such as movie theaters and nightclubs, to encourage social distancing and help prevent the spread of coronavirus. Public and private schools closed for nearly 30 million U.S. children. The governors of New York, New Jersey and Connecticut tightened restrictions on the public, including banning gatherings of over 50 people, shutting down bars and instituting a recommended curfew.

The closures weighed heavily on markets Monday, some investors said, and exacerbated existing concerns that the U.S. economy could slip into a recession. Consumer spending accounts for nearly two-thirds of the U.S. economy, and it remains unclear what effect a sharp reduction in shopping and dining out will have. Goldman Sachs Group projected Sunday that U.S. gross domestic product will shrink 5% in the second quarter.


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“There is going to be a significant hit to economic activity for any country with containment measures,” said Seema Shah, chief strategist at Principal Global Investors. “We’re not going shopping, we’re not going to buy lunch. The impact on smaller and medium-sized businesses is going to be enormous.”

In China, where the virus spread rapidly in early 2020, evidence of economic fallout is a little more clear. Economic statistics for January and February showed that Chinese retail sales, investment in fixed assets and industrial output all fell sharply, and more than economists expected. Output at China’s factories was 13.5% lower in the combined January-February period, compared with the year before.

“It is sending a frightening signal to the other economies,” said Jim McCafferty, joint head of Asia-Pacific equity research at Nomura in Hong Kong. “We will see a similar impact on global GDP numbers.”

Stocks in Shanghai and Hong Kong ended the day down more than 3%. The pan-continental Stoxx Europe 600 closed down 4.9%, paring earlier declines. And Japan’s Nikkei 225 index closed 2.5% lower, even after the Bank of Japan rolled out new measures, including doubling its purchases of exchange-traded equity funds, and said it wouldn’t hesitate to take more action if needed.

The steep fall in stocks globally sent investors scrambling toward U.S. government bonds. The yield on the benchmark 10-year U.S. Treasury note dropped to 0.722% from 0.946% on Friday, the largest one-day yield decline since 2009.


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Meanwhile, Brent crude, the global gauge of crude prices, fell 11% to $30.05 a barrel, its lowest level since January 2016. Oil prices have lost more than half their value since the start of the year as investors have grown concerned about waning demand for energy, including jet fuel.

And the Cboe Volatility Index, or VIX, surged higher, surpassing its 2008 record. The index is a closely watched measure of volatility in U.S. stocks. Monday marked the third day in a row that the S&P 500 swung by more than 9%.





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How A Virus Upended The World Economy

The virulent invader, which swept through Asia and Europe, is leading many U.S. businesses to hoard cash, pare spending and rethink how they operate without knowing how long the troubles will last. Some that lost business may never get that revenue back. Thinner profit margins and a focus on cost cutting mean some firms may lose key workers, vendors and the ability to invest for the future.

The pain is acute at companies with high levels of debt or that were struggling before the outbreak. Already, shale oil driller Occidental Petroleum Corp., OXY 19.93% laden with debt from its $38 billion purchase last year of a rival, has slashed its dividend and spending plans. Boeing Co., BA 9.92% wounded by the grounding of its 737 Max jet, has frozen its hiring and maxed out its credit lines.


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“If this lasts a few months, we will start seeing retail casualties pile up,” said Jerry Storch, the former chief executive of Toys “R” Us Inc. and Hudson’s Bay Co.

The respiratory illness, which first paralyzed many of China’s factories, has now frozen businesses across industries. Airlines have cancelled thousands of flights. Americans are now expected to buy 1.5 million fewer cars this year, one analyst predicted. Major sports leagues have suspended play indefinitely, dealing a blow to venues and broadcasters.

“I’m tossing and turning at night about it,” said Aron Ain, chief executive of Kronos Inc., a software maker with 6,000 employees. “I’m uncomfortable because I haven’t been through it before.”

The spread of the virus has led to a nearly endless stream of hard-to-answer questions from Kronos staff, like whether or not to travel to client meetings. Some clients are starting to put off purchasing decisions, Mr. Ain said, adding that, a week from now, it could be more.

There have been few mass layoffs so far in the U.S., which before the outbreak had the lowest levels of unemployment in decades. During the 2008 financial crisis, nearly six in 10 companies stopped hiring or decreased staffing, while 35% froze pay, according to executive search firm Korn Ferry.

“Cutting muscle and hurting your ability to recover is far more damaging to an organization than limping along with a couple of quarters of extra expense,” said Bob Wesselkamper, a vice chairman at Korn Ferry.

Declared a global pandemic on Wednesday, the new coronavirus had infected more than 125,000 people in more than 100 countries. More than a third of the infections globally have been outside of China. They include a Fiat Chrysler Automobiles NV worker at an Indiana plant and the CEO of British telecom giant BT Group PLC.

Inside China, the rate of infection has slowed after the government locked down much of the country for more than a month. Factories are restarting production and workers are returning to their jobs. Apple Inc. reopened all 42 of its stores in China on Friday.


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Businesses are adapting to the rapidly changing public-health guidance, sending workers home, canceling events and switching to teleconferencing. BT said its chief executive, 53-year-old Philip Jansen, has self-isolated and will work remotely. It will deep-clean its London headquarters. Fiat Chrysler said it would quarantine some workers from the Indiana factory but the transmission plant would continue normal operations.

U.S. consumer spending was strong before the virus surfaced, and not all business activity has stalled. PepsiCo Inc. struck a nearly $4 billion deal this week to acquire the maker of Rockstar energy drinks. Insurance broker Aon PLC agreed to buy a rival for nearly $30 billion, the biggest deal of the year on one of the wildest days for markets.

Just as households are stocking up on supplies and preparing for an uncertain future, companies are making similar moves by making sure they have credit lined up and cash they may need, said Gregory Daco, chief U.S. economist at Oxford Economics. “The shock has morphed in the last couple of weeks,” he said.






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Financial Markets Buffeted Again By Virus Concerns

U.S. stock futures, world shares and Treasury yields all headed lower on Wednesday, pointing to sustained doubts about the ability of governments and central banks to combat the economic headwinds caused by the novel coronavirus.

The fresh downdraft in Asian trading hours followed two tumultuous days marked by a violent global selloff and a sharp rebound.




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Japan’s Nikkei 225 declined 2.3% to close at its lowest level since December 2018. Australia’s S&P/ASX 200 dropped 3.6%, hitting its lowest since January 2019, and entering a bear market, typically defined as a decline of at least 20% from a recent peak.

By midafternoon in Hong Kong, the Hang Seng Index stood 0.6% lower and the Shanghai Composite had also shed 0.6%.

U.S. stocks had soared in frenetic trading Tuesday, wiping out much of the losses they suffered just a day earlier in their biggest selloff since the financial crisis. The S&P 500 rose 4.9%.

“It’s too early to call this stabilization, and it’s too early to position for a rebound here,” said Mayank Mishra, a global macro strategist at Standard Chartered Bank in Singapore.

Financial markets will continue to focus on the economic implications from the virus, and right now the global outlook for growth is not rosy. Those are the forces that markets are reacting to,” said Mr. Mishra.

E-mini S&P 500 futures dropped 2.5%, suggesting U.S. stocks could be weaker when they start trading later on Wednesday.


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The 10-year U.S. Treasury yield stood at 0.684%, down from 0.743% on Tuesday. Bond yields, which move inversely to prices, have swung wildly in recent days, with the widely watched 10-year yield tumbling from above 1% last Thursday to a record intraday trough below 0.4% on Monday.

Mr. Mishra said while markets had already priced in likely interest-rate cuts and other support from central banks, government action moved at a slower pace. “The fiscal response is a slower-moving beast, so let’s see how that helps stabilize global financial markets,” he said.

The Federal Reserve earlier this month cut its key interest rate by 0.5 percentage point to a range of 1% to 1.25%. Many investors expect a further cut at the Fed’s scheduled meeting next week, which concludes on March 18.

A push by President Trump to suspend the payroll tax to boost the economy fell flat on Capitol Hill on Tuesday, as lawmakers of both parties said they preferred targeted measures to assist hourly workers and the battered travel industry.





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Warren Buffett Is Still Bullish On Stocks And The Long-Term Market

The Oracle of Omaha is still bullish on stocks and the long-term market. The recent coronavirus-related volatility in the stock market was enough to rattle even the most confident market bull. However, beloved investing guru and Berkshire Hathaway (BRK.A, BRK.B) CEO Warren Buffett is always around to deliver his textbook calm, pragmatic advice and reassurance about the long-term outlook for the stock market. In his recent annual interview with CNBC during the Berkshire annual meeting in Omaha, Buffett shared his thoughts on a wide range of topics from stocks to interest rates to value in the market.




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Coronavirus shaping the narrative.
Even during the worst week for stocks since 2008, Buffett said long-term investors shouldn’t be stressing out too much about news headlines. Buffett said he didn’t have specific thoughts on the virus itself, but investors should always remember that they are buying companies when they invest in stocks. “The real question is: Has the 10-year or 20-year outlook for American businesses changed in the last 24 hours or 48 hours?” Buffett says. Buffett said he has owned American Express Co. ( AXP) for more than 20 years and Coca-Cola Co. ( KO) for more than 40 years through plenty of negative headlines.

Don’t try to time the market.
Many popular stocks have dropped more than 10% from recent highs thanks to the market volatility, but Buffett advised against trying to time the market and said investors should instead focus on the value of the companies they are buying. “I don’t think anybody knows what the market’s going to do. I think you … know whether you’re making an intelligent purchase at a given price,” he says. Buffett said investors shouldn’t worry about where a stock’s share price has been or where it is going and simply consider the current valuation of the company.

The legacy auto industry isn’t dead.
Tesla (TSLA) has been one of the hottest stocks in the market in the past six months while legacy automaker General Motors (GM) has lagged. Buffett doesn’t own a single share of Tesla, but he has a $2.3 billion stake in GM. Buffett said there’s no question the auto market will slow down someday, but there’s still plenty of opportunity for investors at current valuations. “If you get your money’s worth in terms of future earning power over the next 10 or 20 or 30 years, you’re going to have made a good investment,” Buffett says.

Stocks are better investments than long-term Treasurys.
Buffett said it’s not always true that stocks are better long-term investments than bonds, but it has been the case throughout most of American history. Buffett said 30-year Treasury bonds yield around 2% today, and they have no chance for earnings growth for three decades. He says few investors would jump at an opportunity to buy a stock trading at 50 times earnings with zero earnings growth potential. “People really have three basic alternatives, short-term cash, which is an option of doing something later, long-time bonds or long-term stocks. And stocks are cheaper than bonds,” he says.


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There is value in bank stocks. Five of Berkshire’s eight largest stock holdings are financial sector stocks, including banks such as Bank of America Corp. (BAC), Wells Fargo & Co. (WFC) and JPMorgan Chase & Co. (JPM). In that sense, it’s not surprising Buffett sees value in bank stocks, even in today’s low-interest-rate environment. “I feel very good about the banks we own. They’re very attractive compared to most other securities I see,” he says. Berkshire has been decreasing its stake in Wells Fargo while buying shares of Bank of America and others, but Buffett refused to reveal specifics about why he is selling Wells Fargo.

Stance on cryptocurrencies unchanged.
Buffett has been one of the most vocal critics of cryptocurrencies like bitcoin, which he once famously called “rat poison squared.” He reiterates in the new CNBC interview that his bearish stance still has not changed. “Cryptocurrencies basically have no value,” Buffett says. He compared cryptocurrencies to stocks of companies that don’t produce anything. “It doesn’t reproduce,” he says. “It doesn’t deliver. It can’t mail you a check. It can’t do anything.” The only hope for a bitcoin investor is that someone will pay even more for it down the line, he says, and then it will be the buyer’s problem.





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Most Reliable Online Broker In 2020

What is the best stock trading platform for 2020? ….  How To Choose The Most Reliable Online Broker in 2020



To evaluate brokers, you should look at the following factors:

>>> Commissions
>>> Account Minimum
>>> Account Fees
>>> Your Trading Style and Tech Needs
>>> Promotions

Look at commissions on the investments you’ll use most… Brokers generally offer a similar menu of investment options: individual stocks, options, mutual funds, exchange-traded funds, and bonds. Some will also offer access to futures trading and forex (currency) trading.

The investments offered by the broker will dictate two things: whether your investment needs will be satisfied, and how much you’ll pay in commissions. Pay careful attention to the commissions associated with your preferred investments:

Individual stocks: You’ll typically pay a per-trade commission of $4 to $7. Some brokerages also offer per-share pricing.

Options: Options trades often incur the stock trade commission plus a per-contract fee, which usually runs $0.15 to $1.50. Some brokers charge only a commission or only a contract fee.

Mutual funds: Some brokers charge a fee to purchase mutual funds. You can limit mutual fund transaction costs or avoid them completely by selecting a broker that offers no-transaction-fee mutual funds. (Mutual funds also carry internal fees called expense ratios. These are charged not by the broker, but by the fund itself.)

ETFs: ETFs trade like a stock and are purchased for a share price, so they are often subject to the broker’s stock trade commission. But many brokers also offer a list of commission-free ETFs. If you plan to invest in ETFs, you should look for one of these brokers.

Bonds: You can purchase bond mutual funds and ETFs at no charge by using no-transaction-fee mutual funds and commission-free ETFs. Brokers may charge a fee to purchase individual bonds, with a minimum and maximum charge.

Pay attention to account minimums… You can find highly ranked brokers with no account minimum. But some brokers do require a minimum initial investment, and it can skew toward $500 or more. Many mutual funds also require similar minimum investments, which means even if you’re able to open a brokerage account with a small amount of money, it could be a struggle to actually invest it.

Watch out for account fees… You may not be able to avoid account fees completely, but you can certainly minimize them. Most brokers will charge a fee for transferring out funds or closing your account. If you’re transferring to another broker, that new company may offer to reimburse your transfer fees, at least up to a limit.

Most other fees can be sidestepped by simply choosing a broker that doesn’t charge them, or by opting out of services that cost extra. Common fees to watch out for include annual fees, inactivity fees, trading platform subscriptions and extra charges for research or data.

Consider your trading style and tech needs… If you’re a beginner investor, you probably won’t need extras, like an advanced trading platform. But you may want an education and a little hand-holding. This could include videos and tutorials on the broker’s website, or in-person seminars at branches. Many brokers offer these services free to account holders.

Active traders, on the other hand, will want to look for a brokerage that supports that kind of frequency. That includes weighing a broker’s trading platforms, analysis tools, research and data offerings in addition to commissions — including discounts for high-volume traders — and fees.

Plenty of high-quality online brokers offer free demo access to trading platforms.

Take advantage of promotions… Online brokers, like many companies, frequently entice new customers with deals, offering a number of commission-free trades or a cash bonus on certain deposit amounts.

It isn’t wise to choose a broker solely on its promotional offer — a high commission over the long term could easily wipe out any initial bonus or savings — but if you’re stuck between two options, a promotion may sway you one way or the other.


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◊ Plus500 Review ◊


Plus500 is a streamlined broker that focuses on trading in a wide range of financial markets with relatively low spreads and no commissions but without offering many extra services. Plus500 has been in the forex and CFD business since 2008. They are registered in the U.K. and licensed by the Financial Conduct Authority (FCA).

The company offers access to a comprehensive product line including forex, stock indexes, equities, commodities, cryptocurrencies, ETFs and options. Plus500 is the first broker to introduce a bitcoin CFD in 2013. The company does not charge commissions on any of its trades.

All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Plus500 Ltd. (PLUS.L) is a publicly traded company on the AIM section of the London Stock Exchange since 2013 with a £1.73 billion ($2.25 billion) market capitalization and clients in more than 50 countries around the world. Plus500 offers access to more than 2,000 trading instruments.




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Trust … The company is registered with the Financial Conduct Authority (FCA), CySEC, ASIC, FSCA, FMA, MAS, and the ISA, which provides good accountability and visibility. The company is required to take steps to ensure client funds are not comingled with corporate funds – ensuring that client money and assets are protected in the unlikely event that Plus500 becomes insolvent – by holding those funds in segregated accounts at regulated banks.

If Plus500 defaults, any shortfall of funds of up to £50,000 may be compensated for under the Financial Services Compensation Scheme (FSCS). If the custodian bank holding client funds goes into liquidation, any shortfall of funds of up to £85,000 may be compensated for under the FSCS.

Plus500 also offers Negative Balance Protection, ensuring that clients cannot lose more than they have put into their account. Guaranteed stop losses can be used on some instruments depending on market conditions but they are subject to a wider spread.

The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Large volume traders do not get a trading discount at Plus500 and the spread is the same whether you trade one lot or 1,000 lots.

There are no charges for normal withdrawals or terminating an account. However, inactivity fees kick in after an account has been idle for three months. Beginning traders can open an account with as little as £100.

Traders can qualify for a “professional” account, which offers a higher level of maximum leverage, but the costs are the same. Investors with a professional account may increase their maximum leverage ten-fold, from 1:30 to 1:300.

Plus500 also offers access to options trading on many markets. These are very similar to plain call and put options traded on exchanges, but they are not standardized which means that the option premium can be customized for your risk tolerance and strategy objectives.




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Day Trading – Stock Market: 3 Things Under the Radar This Week

It was no ordinary week on Wall Street. The broader market recorded its fastest correction in history and its biggest loss since the Financial Crisis as the spread of the coronavirus gathered pace.

But there are questions on how much the Federal Open Market Committee really can help equities.

Retail sales may be the helping hand to the U.S. economy and there’s evidence some market players just don’t know which ticker is the right one.

Here are three things that flew under the radar this week.



Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki.



1. Little Hope Fed’s Easing Medicine a Match for Coronavirus Fallout

Wall Street’s fast-paced selling strengthened calls for a Federal Reserve rescue mission. And at long last, Fed Chairman Jerome Powell appeared to answer the call — at least partly.

In what may be the strongest indication yet that rate cuts are coming soon, Powell flagged the coronavirus as “evolving risk” and pledged to support the broader economy.

Powell said the “fundamentals of the U.S. economy remain strong,” but vowed that the central bank would use its tools and “act as appropriate to support the economy,” as “the coronavirus poses evolving risks to economic activity”

But with the bulk of damage from the outbreak, particularly in China, expected to hit supply more than demand, some have cast doubt on the power of monetary policy to take on the virus-led crisis.

“The problem with doing monetary stimulus is that it will have limited impact on the effects of the virus,” said Jens Peter Sorensen, chief analyst at Danske Bank A/S, in Copenhagen. “The Covid-19 virus is keeping people from work, the supply chain is disrupted and tourists are not going to Italy. Monetary policy can do very little.”

While others agree that monetary policy will do little to speed up the opening factories and ease travel restrictions, they argue that not only inaction, but a lack of bold action from the Fed may prove economically detrimental.

“Although moderate Fed rate cuts are unlikely to be very powerful, the committee will probably be reluctant to disappoint market expectations for substantial rate cuts for fear of tightening financial conditions further,” Goldman Sachs said in a note.

The investment bank said it expected the Fed to cut interest rates by 75 basis points by June, with first cut coming as soon as March.

2. Shoppers Gonna Shop?

With Covid-19 threatening to become a pandemic and countries looking at various quarantine measures, service-heavy economies are looking at a sharp drop in economic activity.

But the U.S. National Retail Federation released a report this week that expresses confidence that the consumer will remain resilient, even in the face of Black Swan events.

Retail sales will rise 3.5% to 4.1% to between $3.93 trillion and $3.95 trillion in 2020, the NRF said. Online sales will be up between 12% and 15%.

“With gains in household income and wealth, lower interest rates and strong consumer confidence, we expect another healthy year ahead,” NRF President and CEO Matthew Shay said in a statement.

“There are always wild cards we cannot control like coronavirus and a politically charged election year,” Shay said. “But when it comes to the fundamentals, our economy is sound and consumers continue to lead the way.”

On Friday, the University of Michigan said its February consumer sentiment index came in at 101, up from 99.8 in January.

3. Pushing the Panic Button

Is Covid-19 dealing with not just “panic selling,” but also “panic buying”?

The money pouring into any stock with Zoom in the name says so.

With companies facing possibly protracted times with employees staying at home, video conferencing will be essential to keeping businesses running. With that in mind, investors have been buying shares of Zoom Video Communications (NASDAQ:ZM).

The company “is widely considered the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, online meetings, chat and webinars,” Investing.com’s Jesse Cohen wrote.

The stock is up about 40% year to date.

But less-than-fastidious buyers have also been snapping up shares of Zoom Technologies (OTC:ZOOM), an over-the-counter stock that isn’t really in business anymore and hasn’t reported earnings since 2011.

Because it has the catchier ticker of “ZOOM,” it’s up 140% in the last five trading days.

While Zoom Technologies has seen ancillary benefits, Constellation Brands (NYSE:STZ) is dealing with reports of consumers being afraid of its Corona beer due to the similarity of the beer’s name and the coronavirus.

But Constellation said reports sales are plunging are “unfounded” and that sales of Corona are climbing in the U.S.




Discover 7 Ways to Create a Sustainable, Passive Income for Life – By Robert Kiyosaki.




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Stock Market Corrections: How Bad Can They Get And How Long Can They Last?

With the stock market sliding lower as coronavirus fears rise, all the talk about a so-called “correction” can cause nervousness and confusion.




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A correction is a mechanical-sounding term to describe when a major stock market index like the Standard & Poor’s 500 falls 10% or more from a recent closing high. The recent losses on Wall Street officially pushed all three benchmarks into correction territory during trading Thursday.

The Dow Jones industrial average tumbled as much as 1,190 points, while the S&P 500 and the Nasdaq Composite both dropped more than 4%.

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It took just eight calendar days for the S&P 500 index to meet the 10% threshold — its fastest such drop since World War II, according to Sam Stovall, chief investment strategist at financial-research company CFRA.

“The swiftness of this decline signals the magnitude of uncertainty being expressed by investors,” Stovall said. “Even though history says that other viruses haven’t been a major event to corporate bottom lines, investors are thinking this time might be different.”

How bad were the biggest corrections?

Since a correction is a drop between 10% and 19.99%, there’s always a chance we’re only about halfway through this recent scare. The market fell more than 19 percent in corrections in 2018, 2011, 1998 and the 1976-78 period, CFRA data shows.

But even so-called “garden variety” corrections can cause fear levels to spike.

The good news? Not every correction morphs into a more feared bear market, a 20% or higher drop. The average bear since 1929 has sliced nearly 40% off the S&P 500.

Most bear markets coincide with a recession.

In the 23 corrections since World War II the average price drop for the S&P 500 has been 14 percent, according to data from CFRA. They normally last around 4.4 months.

Greg McBride, a chief financial analyst for Bankrate.com, thinks a recession is an unlikely, but “ever-present threat.”

“We’re not immune from the economic cycle. Disruptions to economic expansion can certainly be the catalyst for a recession,” McBride said. He added that the jumpy stock market is a reflection of uncertainty surrounding the spread of coronavirus.

“In the face of uncertainly, markets and valuations are being subjected to a rapid reevaluation. That’s what’s underpinning the selling action that’s been prevalent this week,” McBride said.



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Ways To Save $5,000 This Year { 2020 }


Discover 7 Ways to Create a
Sustainable, Passive Income for Life – By Robert Kiyosaki.


Wouldn’t it be nice if money grew on trees? Although you’ll never find dollar bills sprouting from your favorite oak tree, you can uncover money in other places. By spending some time dissecting your spending habits and scrutinizing your expenses, you could free up money in your budget and save big – up to $5,000 in a year.

If you haven’t had success in cutting costs and saving money in the past, chances are you haven’t been looking in the right places. Follow these expert-backed tips to save on everything from monthly bills to annual subscriptions, and get on your way to saving thousands of dollars this year.


> Adjust your temperature setting.
> Unplug unused gadgets.
> Increase your insurance deductible.
> Nix that unused gym membership.
> Trim your subscription services.
> Cut back on takeout.
> Reduce food waste.
> Cut commuting costs by carpooling.
> Switch to a free banking account.
> Organize a parent babysitting co-op.
> Go to the movies midweek.


Adjust Your Temperature Setting
The average energy bill in the U.S. costs $117.65 per month, with heating and cooling accounting for 43% of this cost, according to the Energy Information Administration. Meanwhile, the Department of Energy says you can save as much as 10% a year on your energy bill by turning your thermostat back by 7 to 10 degrees for eight hours a day from its normal setting.

Potential savings: $141 per year.


Unplug Unused Gadgets
Turning off an electronic doesn’t mean it’s completely shut down. Commonly referred to as “energy vampires,” many devices continue drawing energy even in the off mode when they remain plugged in, says Cisco DeVries, energy expert and CEO at OhmConnect, a clean energy program.

Think: set-top cable boxes, gaming consoles, coffee makers and space heaters. Although each may use a very small amount of energy, collectively and over time, it adds up. According to to the Lawrence Berkeley National Laboratory, a typical American home has 40 products constantly drawing power which amount to almost 10% of residential electricity use.

To stop these energy vampires from wasting power, DeVries suggests using smart plugs or smart power strips. These devices automatically shut off power supply to any gadgets that aren’t in use, he says. By doing this, you can shave approximately 5% off your electricity bill or more.
Potential savings: $71 per year.


Increase Your Insurance Deductible
One quick hack to lowering your annual homeowners insurance or auto insurance premium is to increase the deductible. According to a 2019 study by the National Association of Insurance Commissioners, the national average homeowners insurance premium hovers just above $1,211. This same study found that if you bump your deductible from $500 to $1,000, you’re looking at reducing your bill by as much as 25%. With a higher deductible there’s less risk to the insurer, so they can offer a lower premium.

“Ask your agent how much money you will save if you adjust your deductible and put that savings into an online savings account until the balance reaches the deductible amount,” advises Jim Wang, founder of personal finance blog Wallet Hacks and former U.S. News contributor. This way, you’re covered in the event of a repair, he says.

When it comes to your auto insurance, data pulled by CarInsurance.com estimates that consumers can save nearly $14 per month by increasing their deductible from $250 to $500, or pocket an extra $30 every month by bumping their $250 deductible to$1,000.
Potential savings: $303 a year.


Discover 7 Ways to Create a
Sustainable, Passive Income for Life – By Robert Kiyosaki


Nix That Unused Gym Membership
If you committed to a gym membership at the beginning of the year as part of your New Year’s resolutions, but you already see your visits dwindling, don’t get stuck paying for something you aren’t using, says Nadia Malik, blogger and owner of personal finance site SpeakingOfCents.com, who recommends canceling your unused membership.

Considering the average monthly cost of a gym membership is $58, and 67% of gym members fail to use their membership, as reported by research site StatisticBrain.com, this is a huge drain on your budget. Although canceling that membership may feel like you’re giving up hope on getting back into shape, there are plenty of free ways you can get fit, Malik advises. You can walk, run or bike ride outside when the weather is nice or opt to follow free workout videos online or use a free fitness app such as Fitbod for strength training and C25K for running, she adds.

Potential savings: $696 per year.


Trim Your Subscription Services
According to the America’s Relationship with Subscription Services research by West Monroe, a national technology consulting firm, U.S. consumers spend an average of $237.33 on subscription services every month. From video streaming to on-demand music to data storage to photo editing apps, such subscription services may seem minimal at first glance but they add up quickly. Spend time reviewing all the services you’re subscribed to and identify where you can cut back.

For instance, if you love listening to audio books while commuting, the audio subscription service Audible is popular. However, Kristal Audain, blogger and founder of personal finance blog NormalisBroke.com, points out that there are free alternatives, making this an unnecessary service to pay for.

“Most libraries now offer Libby by Overdrive, which allows you to check e-books and audiobooks from your computer or smartphone,” Audain says.

At nearly $15 per month, canceling an Audible subscription and using your local library can result in big savings.

Potential savings: $179 per year.


Cut Back on Takeout
The average U.S. household spends $3,459 per year on food away from home, according to the 2018 Consumer Expenditures report from the Bureau of Labor Statistics. By cooking at home and preparing lunches for your family to bring to work or school just 25% of the time, you could save around $288.25. Since many people lean toward takeout when time is limited, cook meals in bulk so you always have leftovers that are easy and quick to reheat.

Meanwhile, Catherine Alford, family finance expert at http://www.CatherineAlford.com, a site dedicated to helping working women make better financial choices for their families, says researching deals at restaurants in your area can reduce the cost of dinner out.

“My local seafood place lets kids eat free on Tuesdays, and our local Mexican restaurant lets kids eat free on Sundays. By knowing the deals available to you throughout the week and the different perks your restaurants offer, you can save as much as 25% per year on restaurant costs,” she says.
Potential savings: $288 per year.


Reduce Food Waste
Food waste isn’t just bad for our environment – it’s bad for our wallets and costs the average American household roughly $1,866 per year, according to a new study from Pennsylvania State University. Cutting down on food waste won’t happen overnight, but a few simple tricks can help you start saving.

Lamar Brabham, CEO and founder of Noel Taylor Agency, a financial services firm in North Myrtle Beach, South Carolina, suggests keeping a running food inventory list in your kitchen that you can quickly reference before heading to the store so you don’t double up on ingredients that could go to waste.

Meanwhile, planning a few weekly meals in advance that use similar ingredients can also keep food waste to a minimum.

Potential savings: $1,866 per year.


Cut Commuting Costs by Carpooling
Consumers often overlook the financial impact of commuting by car to work five days a week, but the expense can be startling when you tally it up. According to the 2015 Citi ThankYou Premier Commuter Index, the average cost of an American commute is $10 per day, which can add up to $2,600 over a year of weekday traveling.

Saving money is possible by carpooling with just one person, which essentially splits your costs in half, says Steve Pilloff, assistant professor of finance at George Mason University’s School of Business.

Finding someone to carpool with may seem tricky, but start by asking co-workers or look for neighbors who travel to a similar area for work. Otherwise, plan a carpool through the popular traffic map app, Waze, which helps connect workers looking to share rides.
Potential savings: $1,300 per year.


Switch to a Free Banking Account
When you’re trying to save money, bank fees can eat away at your efforts. In fact, average checking account charges hover over $9.30, according to ValuePenguin. However, Simon Zhen, a research analyst for financial services comparison site MyBankTracker.com, says there are plenty of free options.

“By switching to a free checking account, such as those often offered by online banks, a consumer can avoid paying any monthly fee,” he says.
Potential savings: $112 per year.


Organize a Parent Babysitting Co-op
Ask any parent and they’ll tell you that babysitting costs add up. Beyond day care while you’re at work, you may need a sitter for a weeknight or weekend. With the average babysitting rate at $16.25 per hour, according to the 2019 Care.com Cost of Care Survey, going out sans kids for four hours once per month will set you back an extra $780 a year in child care.

However, Violette de Ayala, founder and CEO of FemCity, a networking group for professional women, says you can easily save by setting up a babysitting co-op with other parents in your neighborhood or through your children’s school. “It creates an instant play date for the little tikes and saves parents the hourly rate for a sitter,” she says.

Potential savings: $780 per year.


Go to the Movies Midweek
The average movie ticket costs was $9.16 in 2019, according to the National Association of Theatre Owners. For a family of four, catching a new flick on the big screen will cost over $36.64 just on movie tickets, and much more if you add popcorn, candy and soda. If you go to the movies once a month, plan your movie night during the week to save.

Many theaters offer discounts on movie tickets during the week to loyalty members. For example, Regal Cinemas offers Regal Crown Club Value Days at select theater locations where Regal Crown Club members can enjoy movie ticket prices at around 50% off, plus discounts on concessions.

Meanwhile, keeping the kids entertained during the summer doesn’t have to be expensive either, thanks to programs such as Cinemark’s Summer Movie Clubhouse, offering $1 kid-friendly flicks, from May 27 to Sept. 8, 2020.

Potential savings: $220 a year.




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Stock Trading: 3 Things Under The Radar This Week

Financial markets found themselves at the mercy of coronavirus headlines once again this week. But digging deeper in some market-moving events, the U.S. dollar saw a swift change of its narrative as weekly trading came to a close.

Amusement park icon Six Flags admitted that its thrill-ride business needs a major rethink.

And Hong Kong faces not just a dearth of visitors, but pessimistic locals.

Here are three things that flew under the radar this week.

1. Dollar Gets a Gut Check

The U.S. dollar index surged earlier this week, setting it sights on the 100 handle, a level it has not breached in nearly three years. But its stumble on Friday has many debating whether the greenback’s rally is sustainable.

For the majority of managers on Wall Street, the greenback’s rally is on borrowed time, according to a Bank of America fund manager survey.

A net 54% of respondents surveyed in February said the dollar was overvalued, up one percentage point since the last survey and the second-highest reading since 2002, BofA said.

Concerns about the coronavirus outbreak and its impact on global growth has sparked a bid in the dollar as a safe-haven investment in recent weeks, according to the survey respondents.

The rise in the dollar caught Wall Street by surprise.

Toward the end of last year, many were betting on the dollar to falter in 2020 on expectations that easing U.S.-China trade tensions would support global growth, sparking a rebound in global economies, some of which sport unattractive negative rates (like the EU).

But the spread of the coronavirus and its potential impact on the global economy has undermined those bets.

The ratio of the MSCI US Index to the MSCI World Index, excluding the U.S., rose to a record high of 1.6, suggesting yield-starved investors view the U.S., and by extension the dollar, as the only game in town.

“Currencies are weakening on incoming bad data that leads to inflows into dollar assets,” Ben Emons, global macro strategist at Medley Global Advisors, wrote.

Others agree and expect the dollar to continue racking up gains against its rivals, with the euro feared to add to recent losses.

“Since data will most likely show the divergence between the eurozone and U.S. economies widening in the coming weeks, further losses are likely,” said Kathy Lien of BK Asset Management.

2. Six Surrender Flags

Investors likely saw the big drop in shares of theme park operator Six Flags Entertainment (NYSE:SIX) (and the obligatory accompanying roller-coaster jokes). But given how double-digit percentage moves in stocks are common lately, the scope of the fundamental problems the company is facing might have been overlooked.

The company reported earnings on Thursday and the bottom line was a very unpleasant surprise.

Six Flags reported a loss of 13 cents per share, compared with expectations for a profit of 15 cents per share, according to analysts forecasts compiled by Investing.com.

It also announced it was slashing its dividend by 70% to 25 cents per share and that its chief financial officer was leaving

There are big problems with its project to open theme parks in China, as its partner in the country defaulted on payment obligations. There will be no revenue or income from China park developments in 2020, Six Flags said.




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But even more concerning, its “base business” – the core (ahem, flagship) parks like Six Flags Over Texas and Six Flags Great Adventure — is struggling. Attendance, guest spending per capita and revenue were flat in 2019.

And this year the company predicts “operating cost headwinds, including higher wages and increased investment in the parks to improve the guest experience.”

All this is leading Six Flags to overhaul its strategy, with a new plan to be unveiled at its investor day on May 28.

Piling onto the pessimism today, S&P put its current BB credit rating for the company’s debt on review at CreditWatch negative. That could mean a downgrade if S&P isn’t convinced Six Flags can stop erosion in earnings before interest, taxation, depreciation and amortization (EBITDA).

But after all that there are already some betting the turnaround will be a success.

After Thursday’s plunge, shares closed up 2.3% Friday.

3. Hong Kong Ghost Town?

While supply-chain questions abound about mainland China and the effects of Covid-19, Hong Kong is providing an illustration on what can happen to a financial center during a possible pandemic.

Charles Schwab Chief Investment Strategist Liz Ann Sonders tweeted this week, illustrating the enormous plunge in daily visits to Hong Kong.

AAA@@@

Citing a chart from Christophe Barraud, chief economist and strategist at Market Securities, which used preliminary data from the Hong Kong Tourist Board, the island is seeing just 3,000 people visit per day.

That’s a “nearly 99% drop from February last year when about (200,000) people visited per day,” Sonders tweeted.

That may not be affecting financial market activity as much, with many in the sector living there or able to meet and work remotely. But the impact on the businesses that provide services to financial workers will be huge.

Looking at a longer-term picture, Sonders tweeted a chart showing the rise in pessimism about Hong Kong’s economy.

AAA@@@




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Is It Too Late To Invest In The Soaring Stock Market?

The Dow and Nasdaq are both approaching splashy numerical milestones. The Dow is about 2% away from topping 30,000 while the Nasdaq is less than 2% from 10,000 after hitting a new record high on Wednesday.

So is it finally time for investors to bail on stocks? It’s only natural for people to start worrying about a top and a looming correction (or even a bear market.)

But selling stocks just because indexes hit splashy new highs is silly. Long-term investors know that even if the market has occasional hiccups, stocks tend to keep climbing over the long haul.

“In general, round numbers are noise that don’t mean much for investors, even if it sometimes takes a few trading sessions to get past those milestones,” said Doug Peta, chief US investment strategist with BCA Research.

Peta said he thinks the market could keep rising if the coronavirus outbreak doesn’t wind up hurting American companies beyond the first quarter. Apple has already warned of supply chain disruptions in China and a hit to sales in Asia.

But central banks around the globe, including the Federal Reserve, might cut rates further and inject more stimulus into the global economy because of coronavirus concerns, Peta believes.

The net result could be a boom later this year for profits and the economy.

Coronavirus may not end the bull market

“A potential silver lining for stocks is that we will get a vigorous enough policy response around the world that offsets the coronavirus,” Peta said. “If that happens, there is a clear runway for the next three quarters to be pretty darn good for global growth.”

In such a scenario, investors will be more willing to pay higher prices for US stocks — particularly companies in the economically cyclical tech, financials and energy sectors, says Brian Bannister, head of institutional equity strategy for Stifel.

Bannister wrote in a report last week that he was raising his official price target for the S&P 500 to 3,450 from a previous level of 3,260. He added that in a perfect scenario where a “recession wall of worry is hurdled,” the S&P 500 could hit 3,800 — a nice round number that is 12% higher than then its current price.

But some experts are worried that investors are too quick to dismiss the coronavirus threat and other potential market concerns, such as risks tied to the US presidential election and surging valuations for momentum stocks like Tesla.

Bullishness has “morphed into complacency” according to Julian Emanuel, managing director and chief equity and derivatives strategist with BTIG Research. Emanuel said in a recent report that this “frenetic” rally could be a “dress rehearsal” for an imminent correction or even a market bubble bursting as it did in 2000.

Bond rally is a sign investors aren’t complacent or irrational

Still, others maintain that the market’s relentless march higher is rational. Even as stocks climb, investors are still plowing money into safer bond funds, pushing yields even lower in the process. That’s partly because of hopes that the Fed will cut rates but it’s also a sign of a flight to safety as investors hedge their bets.

“Bond investors aren’t necessarily expecting slower growth, but they are expecting the Fed to cut rates and help stem further weakness,” said Jason Draho, head of asset allocation for the Americas at UBS Global Wealth Management, in a report.

“Inflows into bonds has been strong all year. Thus, there’s little sign that retail investors are chasing the rally,” Draho said. “This is not at all indicative of irrational sentiment.”

As long as companies post decent gains in earnings and revenue and the Fed and other central bankers keep rates relatively low, the bull market may have more room to run.




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And as the market climbs, each new 1,000 point barrier is actually a bit easier to top. For example, the Dow only has to go up 3.4% to get from 29,000 to 30,000. But the climb from 19,000 to 20,000 back in January 2017 required a 5.3 % increase.

Sure, a lot of people still snicker about the Dow 36,000 book from 1999 and point to it as Exhibit A for the market mania two decades ago. Now the Dow is only about 23% away from hitting that once seemingly unthinkable target.




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Intesa Sanpaolo launches €4.9bn bid to buy UBI Banca


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Intesa Sanpaolo launches €4.9bn bid to buy UBI Banca <


Intesa Sanpaolo, Italy’s biggest domestic lender, has launched a €4.86bn ($5.26bn) takeover bid for its rival UBI Banca in an audacious attempt to kick-start consolidation in Italy’s fragmented banking sector.

Just before midnight on Monday local time, Turin-headquartered Intesa unveiled an all-share offer to buy Italy’s fourth-biggest lender through a series of notices detailing its plans to issue new shares to fund the deal.

If successful, the combination would create the seventh-largest bank in the eurozone with €1.1tn in assets and give Intesa an additional 3m retail, small business and private-banking clients, the company said.

Intensa has offered to pay 17 new shares for every 10 UBI Banca shares tendered. It said the bid corresponds to a value of €4.25 per share in UBI Banca, or a 27.6 per cent premium to the Bergamo-based lender’s share price at the end of last week.

Shares in UBI Banca rose 5.5 per cent in Monday’s trading and have climbed 28 per cent since the start of February. Intesa shares are up nearly 11 per cent in the same period giving the company a market value of €44bn.

“Intesa considers UBI amongst the best Italian banks . . . [it] has local entrenchment in the most dynamic regions of the country, enjoys outstanding results that have been achieved thanks to the excellent job of both its CEO and its management team, and has a sound business plan,” the lender said in a statement.

The bid makes Intesa chief executive Carlo Messina the first to act decisively among the country’s largest lenders, responding to supervisors’ repeated appeals for Italian banks to consolidate to reduce excessive competition, cut costs and boost the sector’s persistently low profitability.

The country’s banks have been on the front line of tensions between Italy and Europe, not only over bad loans during the European debt crisis but also over its expansionary budget. Investor concerns over the package caused spreads on sovereign debt to balloon in 2018, reviving fears of a vicious cycle between banks and the sovereign, known colloquially as a “doom loop”.

Intesa will have to get permission from the European Central Bank for the deal to go ahead, and negotiate with the Italian government and unions over 5,000 jobs reductions it plans as part of the deal. The acquirer forecasts the deal could lead to €730m in annual expense and revenue synergies, but will cost €1.3bn before tax to execute.


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To address competition concerns, Intensa said its offer includes a binding agreement to sell between 400 and 500 branches of the combined group to Modena-based BPER Banca.

More than a decade on from the 2008-09 financial crisis, most banks across continental Europe are still battling to revive returns amid a raft of new capital regulations and misconduct fines. The vast majority trade at a significant discount to the book value of their assets, but despite this there have been relatively few transformational deals.

Executives have become increasingly vocal about the need for consolidation after the already struggling sector was dealt a further blow when the ECB cut interest rates further into negative territory for the foreseeable future, shrinking already small margins on lending.

While keen on domestic deals, Mr Messina has been a vocal critic of cross-border European consolidation in contrast to his counterpart at Milan-based rival UniCredit, Jean Pierre Mustier. The Frenchman has explored deals with France’s Société Générale and Germany’s Commerzbank, the Financial Times has previously reported.

In the past UBI held takeover talks with Banca Popolare di Milano and Banco Popolare, before its two other rivals merged in 2016, the FT reported at the time.


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Stock Market: 3 Things Under The Radar This Week

Attention remained on China and the coronavirus this week as stocks and commodities swung on differing reports of the numbers of new cases.

Among those headlines and another busy week of earnings, investors may have missed a potential opportunity in the luxury sector, with Wall Street expressing confidence in an Italian-French conglomerate.

While Fed chief Jay Powell was on Capitol Hill, there was plenty of other comments from Fed governors.

And looking to commodities, traders may see the effects of a Chinese slowdown all through the end of the year.

Here are three things that flew under the radar this week.

1. The View is Bright at EssilorLuxottica

Turning to the luxury goods sector for investment ideas at this point in time may not sound like clear thinking, but EssilorLuxottica could be the company to turn to for serious upside.

Known for brands such as Ray-Ban, Oakley and Michael Kors, the Italian-French eyewear conglomerate was formed by a merger in late 2018 and swiftly became one of the darlings of a sector heavily exposed to the big-spending Asian consumer.

From a low of 97.38 euros at the start of 2019, the share price soared almost 50% to 144 euros by November.

The news since hasn’t been so good.

Firstly, the company was the target of a 190-million-euro fraud at a Thai factory. As a company with a market capitalization of more than 60 billion euros, this shouldn’t make a big difference, but it highlighted industry concerns about the way the company was being run with the European management teams of the two newly-merged companies clashing.

Then came the ongoing coronavirus outbreak in China, now officially called Covid-19. With entire cities in the world’s second-biggest economy cordoned off and travel severely curtailed, the luxury industry faces a major sales hit.

Chinese consumers account for more than a third of global spending on luxury goods, while consultancy Bain & Company estimated they accounted for 90% of last year’s increase in revenues to 281 billion euros.

Finally, earlier this month EU antitrust regulators opened an in-depth investigation into the company’s 7.2-billion-euro bid for Dutch opticians group GrandVision on the grounds the deal could push up prices. It will decide by June 22 whether to clear or block the deal.

EssilorLuxottica’s share price has rebounded back a touch to 138 euros, after falling to 134 euros at its low point in 2020. And Morgan Stanley (NYSE:MS) sees plenty more upside.

“EssilorLuxottica looks set to be the winning player in the consolidating and structurally growing eyewear industry,” is said in a research note this week.

The bank has a conservative 12-month price target of 150 euros. This is based on synergies from the original merger in the region of 800 million euros, at least 200 million euros ahead of company guidance; the GrandVision acquisition getting full regulatory approval by the final quarter of this year and adding another 350 million euros of synergies; and a positively skewed risk/reward basis as the stock has underperformed all other best-in-class global consumer players over the past year.

But Morgan Stanley (NYSE:MS) also sees upside to 200 euros over the next 12 months in a blue-sky scenario of impeccable execution.

2. Powell Didn’t Do All the Fed Talking

There were two days of testimony (with Q&A) from Federal Reserve Chairman Jerome Powell this week. Powell appeared before Congress for his semiannual appearance and naturally most of the Fed headlines were about the chief of the FOMC.

But there were plenty of other Fed officials offering insights.

The comments were mostly positive, chiming with Powell’s analysis that the U.S. economy still looks solid.

Cleveland Fed President Loretta Mester said Covid-19 was a risk to her forecast, but stuck by her view of GDP up 2% this year. New York Fed President John Williams (NYSE:WMB) said the U.S. economy is in a “very, very good place,” while St. Louis Fed President James Bullard said rate cuts had set the stage for a soft landing to 2% growth with no deeper slowdown.


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But Minneapolis Fed President Neel Kashkari thinks there’s plenty more Fed ammunition, suggesting the FOMC should still be cutting rates from the current level of 1.5% to 1.75%.

Monetary policy is “close to neutral or slightly accommodative today, but not very accommodative,” Kashkari said at a town hall.

As for Covid-19, “(i)f it really was large enough to hit the U.S. economy, one could imagine monetary policy responding, not to the virus itself but to just to try to help the U.S. economy manage its way through until the public health officials can get their arms around it,” he said.

And Kashkari had a Valentine’s Day wish for all the Fed Heads on Twitter.

Roses are red

Violets are blue

Last year I said there’s slack in the labor market

Today it’s still true

3. The Biggest Oil Shock Since 2008?

Oil prices managed a weekly gain on hopes that OPEC and Russian will come through with production cuts that balance the demand destruction that’s already being seen from China’s slowdown due to Covid-19.

But some are arguing that OPEC’s plan of cutting 600,000 won’t be enough to help prices when facing what could be the biggest disruption since the Financial Crisis.

“The economic shut-down in China will cause the largest negative oil demand shock since 2008,” Bjørnar Tonhaugen, Rystad Energy’s senior vice president and head of oil markets, said in a note.

“Even though the chaos unfolding in Libya has wiped out most of its oil production, and even if OPEC’s output cuts are fully applied, they will not be enough to fill the demand gap now exacerbated by the coronavirus,” Tonhaugen said.

Rystad predicts a first-quarter surplus of 700,000 bpd and a stock build of 1.3 million bpd.

And while “the third quarter looks a bit better for balances … fourth quarter balances suggest continued pressure on the market and OPEC+ despite the warranted extension of the current output agreement through year-end,” it said.


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Day Trading: 3 Things Under The Radar This Week


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Although closing Friday on a down note, stocks rallied sharply this week as the coronavirus, earnings and employment data took most of investors’ attention (along with the wild swings in Tesla). But among things that may have gone overlooked, two U.K. companies that could be surfing the sustainability wave came into view.


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The Trump administration kept coal as a talking point. And the Fed indicated that while the sidelines is still where it feels most comfortable, the impact of the coronavirus isn’t being ignored.

Here are three things that flew under the radar this week.

1. Will the Plastic Purge Create a Cardboard Boon?

With environmental and sustainability considerations playing an ever-greater role in the decisions of big institutional investors, it’s worth taking a moment to think how all those big passive bucks could move a stock that checks the right boxes.

Boxes being the operative word. Cardboard boxes, to be precise.

Two London-listed stocks offer interesting exposure to one of the great megatrends of the coming years: the shift away from plastic packaging.

Irish-based Smurfit Kappa (LON:SKG) and U.K.-based DS Smith (LON:SMDS), which is also Europe’s largest recycler of paper, both stand to benefit.

Smurfit stock rose more than 8% this week on the back of results that showed margins widening and debt (a perennial concern, given the cyclicality of the business) falling to the middle of its target range. While the breadth of its operations throws up a fair amount of problems – in the last two years it was expropriated in Venezuela and was fined $136 million for anti-competitive behavior in Italy – its core operations in Europe, the U.S. and emerging markets are solid.

DS Smith is arguably the more stable business by virtue of its concentration on fast-moving consumer goods, less prone to downturns than discretionary packages delivered by Amazon (NASDAQ:AMZN). It’s also less exposed to exotic places like Venezuela. It stands to be a big beneficiary of initiatives like that announced by U.K. supermarket chain Sainsbury’s, which promised last week to throw 1 billion pounds at getting plastic out of its supply chain, initiatives that are likely to become ever more common as the revolt against plastic spreads.

2. U.S. Sends $64 Million Canary Into Coal Mines

It sounded just like the kind of thing that would have gotten green groups all up in arms — a coal-first energy policy that conjures images of more carbon emissions in a world that needs exactly less.

Yet the U.S. Coal-FIRST — yes, in caps — initiative floated by Energy Secretary Dan Brouillette was clever enough in language that it got the attention it wanted without the bad press.

What Brouillette really announced was a $64 million “Flexible, Innovative, Resilient, Small, Transformative” initiative to develop the coal plant of the future needed to provide secure and reliable power to the U.S. grid.

“Coal is a critical resource for grid stability that will be used in developing countries around the world well into the future as they build their economies,” Brouillette said in a statement issued by the Department of Energy.

While from the text we could see where the energy secretary was going, those hearing the policy the first time — an announcement Brouillette chose to make during a speech at the Atlantic Council in Washington Friday morning — would be forgiven for thinking that President Donald Trump was trying to throw coal miners yet another lifeline ahead of his November reelection bid.

As Keith Johnson at foreignpolicy.com observed in an October post, “Trump came into the White House vowing to end the Obama administration’s so-called war on coal and Make Anthracite Great Again.”

“Instead, Trump is overseeing a cascading collapse of America’s coal industry, a trend that could have political consequences for him in the 2020 U.S. presidential election,” Johnson wrote, noting that there were eight bankruptcies filed by coal mining companies last year alone.

To be sure his words weren’t taken out of context, Brouillette said soon after announcing his Coal-FIRST policy that “the efforts we’re undertaking is not to subsidize the industry and preserve their status, if you will, as a large electricity generator.”

“It is simply to make the product cleaner and to look for alternative uses for this product or this commodity,” he said. “No one is going to deny the fact or argue with the point that coal as a percentage of U.S. electricity generation is declining and will probably continue to decline.”

“The evolving U.S. energy mix requires cleaner, more reliable, and highly efficient plants,” Steven Winberg, the DOE assistant secretary for fossil, added in the statement. “Technologies developed for the Coal FIRST initiative will lead to just that — reliable, highly efficient plants with zero or near-zero emissions.”

3. Fed Factoring in Coronavirus

For months, traders have been eager to find out what additional factors, apart from the pace of inflation, will drive a material risk to the Federal Reserve’s outlook and force it off the sidelines. But Fed Chairman Jerome Powell has given little away.

That all changed early this week when the Fed chief identified a new risk to the central bank’s outlook on the economy: the coronavirus.

“More recently, possible spillovers from the effects of the coronavirus in China have presented a new risk to the outlook,” Powell said in the latest monetary policy report, submitted to Congress on Friday

“The recent emergence of the coronavirus, however, could lead to disruptions in China that spill over to the rest of the global economy. Amid weak economic activity and dormant inflation pressures, foreign central banks generally adopted a more accommodative policy stance,” the Fed chairman added.

The Fed’s worries about the risk to its outlook are not without merit, with analysts predicting that the virus will do most of its damage in the first quarter of this year.

Goldman Sachs said the impact of the disease would lower global GDP by up to 2% in the first quarter, 1% directly from China and about 1% from spillover effects.

Whether the impact of the virus will represent a material risk to the U.S. central bank’s outlook remains a hot topic of debate.

“The near-term impact is quite large,” Goldman Sachs said. “What happens to 2020 as a whole really depends on how quickly the episode is brought under control.”

The Federal Reserve fingerprints are all over the more-than-decade-long bull run in stocks. Its efforts to steady the repo market, which began in October, have coincided with a sharp upswing in stocks. But those hoping for the Fed to act sooner rather than later could be left disappointed.

“The new coronavirus outbreak abroad has created some new risks to the near-term external growth backdrop, but there is little apparent reason for monetary policymakers to consider rate cuts at the moment, and we continue to expect the Fed to sit on the sidelines through 2020,” RBC said in a note.




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To evaluate brokers, you should look at the following factors:

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Look at commissions on the investments you’ll use most… Brokers generally offer a similar menu of investment options: individual stocks, options, mutual funds, exchange-traded funds, and bonds. Some will also offer access to futures trading and forex (currency) trading.


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The investments offered by the broker will dictate two things: whether your investment needs will be satisfied, and how much you’ll pay in commissions. Pay careful attention to the commissions associated with your preferred investments:

Individual stocks: You’ll typically pay a per-trade commission of $4 to $7. Some brokerages also offer per-share pricing.

Options: Options trades often incur the stock trade commission plus a per-contract fee, which usually runs $0.15 to $1.50. Some brokers charge only a commission or only a contract fee.

Mutual funds: Some brokers charge a fee to purchase mutual funds. You can limit mutual fund transaction costs or avoid them completely by selecting a broker that offers no-transaction-fee mutual funds. (Mutual funds also carry internal fees called expense ratios. These are charged not by the broker, but by the fund itself.)

ETFs: ETFs trade like a stock and are purchased for a share price, so they are often subject to the broker’s stock trade commission. But many brokers also offer a list of commission-free ETFs. If you plan to invest in ETFs, you should look for one of these brokers.

Bonds: You can purchase bond mutual funds and ETFs at no charge by using no-transaction-fee mutual funds and commission-free ETFs. Brokers may charge a fee to purchase individual bonds, with a minimum and maximum charge.

Pay attention to account minimums… You can find highly ranked brokers with no account minimum. But some brokers do require a minimum initial investment, and it can skew toward $500 or more. Many mutual funds also require similar minimum investments, which means even if you’re able to open a brokerage account with a small amount of money, it could be a struggle to actually invest it.

Watch out for account fees… You may not be able to avoid account fees completely, but you can certainly minimize them. Most brokers will charge a fee for transferring out funds or closing your account. If you’re transferring to another broker, that new company may offer to reimburse your transfer fees, at least up to a limit.

Most other fees can be sidestepped by simply choosing a broker that doesn’t charge them, or by opting out of services that cost extra. Common fees to watch out for include annual fees, inactivity fees, trading platform subscriptions and extra charges for research or data.

Consider your trading style and tech needs… If you’re a beginner investor, you probably won’t need extras, like an advanced trading platform. But you may want an education and a little hand-holding. This could include videos and tutorials on the broker’s website, or in-person seminars at branches. Many brokers offer these services free to account holders.

Active traders, on the other hand, will want to look for a brokerage that supports that kind of frequency. That includes weighing a broker’s trading platforms, analysis tools, research and data offerings in addition to commissions — including discounts for high-volume traders — and fees.

Plenty of high-quality online brokers offer free demo access to trading platforms.

Take advantage of promotions… Online brokers, like many companies, frequently entice new customers with deals, offering a number of commission-free trades or a cash bonus on certain deposit amounts.

It isn’t wise to choose a broker solely on its promotional offer — a high commission over the long term could easily wipe out any initial bonus or savings — but if you’re stuck between two options, a promotion may sway you one way or the other.


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Best Books For Making Money In The Stock Market


⇑⇓Best Books For Making Money In The Stock Market⇓⇑


#1 – The Intelligent Investor. (Revised Edition)

This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions… The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.



#2 – Stock Investing For Dummies (Business & Personal Finance)

Grow your stock investments in today’s changing environment. Updated with new and revised material to reflect the current market, this new edition of Stock Investing For Dummies gives you proven strategies for selecting and managing profitable investments. no matter what the conditions. You’ll find out how to navigate the new economic landscape and choose the right stock for different situations—with real-world examples that show you how to maximize your portfolio.

The economic and global events affecting stock investors have been dramatic and present new challenges and opportunities for investors and money managers at every level. With the help of this guide, you’ll quickly and easily navigate an ever-changing stock market with plain-English tips and information on ETFs, new rules, exchanges, and investment vehicles, as well as the latest information on the European debt crisis.

Incorporate stocks into your investment portfolio
> Understand and capitalize on current market conditions
> Balance risk and reward
> Explore new investment opportunities
Stock Investing For Dummies is essential reading for anyone looking for trusted, comprehensive guidance to ensure their investments grow.



#3 – Encyclopedia of Chart Patterns

In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events — such as quarterly earnings announcements, retail sales, stock upgrades and downgrades — that shape today?s trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you’re a technical investor or trader. “The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are. A must-read for anyone that’s ever looked at a chart and wondered what was happening.”
— Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading.



#4 – How to Make Money in Stocks

Anyone can learn to invest wisely with this bestselling investment system!… Through every type of market, William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System―a proven 7-step process for minimizing risk and maximizing gains―has influenced generations of investors.

Based on a major study of market winners from 1880 to 2009, this expanded edition gives you:

>Proven techniques for finding winning stocks before they make big price gains
>Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains
>100 new charts to help you spot today’s most profitable trends
>PLUS strategies to help you avoid the 21 most common investor mistakes!

“I dedicated the 2004 Stock Trader’s Almanac to Bill O’Neil: ‘His foresight, innovation, and disciplined approach to stock market investing will influence investors and traders for generations to come.’”
―Yale Hirsch, publisher and editor, Stock Trader’s Almanac and author of Let’s Change the World Inc.

“Investor’s Business Daily has provided a quarter-century of great financial journalism and investing strategies.”
―David Callaway, editor-in-chief, MarketWatch

“How to Make Money in Stocks is a classic. Any investor serious about making money in the market ought to read it.”
―Larry Kudlow, host, CNBC’s “The Kudlow Report”.



#5 – How to Day Trade for a Living

Very few careers can offer you the freedom, flexibility and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. Day trading is not gambling or an online poker game. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere… This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. It’s concise. It’s practical. It’s written for everyone. You can learn how to beat Wall Street at its own game.









◊ Best Books For Making Money ◊


#1 – The Book on Making Money


After skipping college, Steve Oliverez worked a series of low-paying jobs before setting a remarkable goal for himself – to double his income every year. In The Book On Making Money, he reveals what he learned while successfully hitting this goal for seven years in a row, growing his annual income to more than $1 million. Walking readers through the steps he took to reach his goal, he shows how they can apply the same techniques to greatly increase their own income, whether they work for someone else or run their own business. Oliverez spells out his disagreements with the traditional wisdom that tells young adults to go to school, get good grades and find a safe, steady job – advice that has left many Americans with tens or hundreds of thousands of dollars in student loans, credit card debt or mortgages on homes they can’t afford. He also assaults the idea of saving one’s way to wealth as absurd and counterproductive, using his own experience of trying to save money while poor as an example. Instead of promoting an austere lifestyle of clipping coupons and spending as little as possible, he shows how those habits can actually prevent people from becoming wealthy.


#2 – ABCs of Making Money


International Bestseller. The largely word-of-mouth success is due to its unique approach: instead of just giving the reader the usual do’s and don’ts of managing money – which it does in very clear, actionable terms – this invaluable book walks readers through the psychology of money. Do you ever wonder what makes some people successful while others are destined to struggle their whole lives? … The difference is in their Attitudes toward money. If you don’t examine this issue first, then all the self-help books and courses in the world will be a waste. The ABCs of Making Money is a simple, step-by-step guide for everyone. This common sense approach contains lots of simple checklists, self-directed exercises and tips. It demystifies the secrets of making money while providing proven strategies for the average person to painlessly create wealth. It has already helped hundreds of thousands of people and been acclaimed by universities and charities in the U.S. Amongst other things you will learn: how to achieve financial freedom, gain control of your life, eliminate financial stress and stop living paycheck to paycheck.


#3 – A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today


Learn to make money in the stock market, even if you’ve never traded before. The stock market is the greatest opportunity machine ever created. This book will teach you everything that you need to know to start making money in the stock market today. Don’t gamble with your hard-earned money. If you are going to make a lot of money, you need to know how the stock market really works. You need to avoid the pitfalls and costly mistakes that beginners make. And you need time-tested trading and investing strategies that actually work. This book gives you everything that you will need. It’s a simple road map that anyone can follow.


#4 – I Will Teach You to Be Rich


Personal finance expert Ramit Sethi has been called a “wealth wizard” by Forbes and the “new guru on the block” by Fortune. Now he’s updated and expanded his modern money classic for a new age, delivering a simple, powerful, no-BS 6-week program that just works. This 10th anniversary edition features over 80 new pages, including:
• New tools
• New insights on money and psychology
• Amazing stories of how previous readers used the book to create their rich lives
Master your money—and then get on with your life.


#5 – Dropshipping E-Commerce Business Model 2020

Have you always wanted to have a passive source of income to boost your current job?… Are the risks of mainstream business keeping you from living out your entrepreneurial dream?… Or simply do you shy away from investment because you don’t have “enough” capital to start a business?

If you have answered yes to any of these questions, dropshipping is the business for you. It is the only low-risk business that allows you to make to a 6 figure income a month from the comfort of your house with just a few hundred dollars as a capital.

As a dropshipper, you will play the role of intermediary, facilitating the order process for your customers without actually handling any inventory. And with dropshipping automation tools, you will be able to automate your business so that your store can run itself and make money for you with little to no effort from your end.

To guide you on your journey to unimaginable riches, Dropshipping E-Commerce Business Model lays out the finer points of establishing a dropshipping business from A to Z.

The topics featured in this book include:

The correct budget you need for start dropshipping business, without losing a penny.
>How to find the best niches and the winning products to list on your Shopify and online store.
>How to set up a payment system and stay away from being SCAMMED.
>The order fulfillment process in the details. If you won’t follow these steps, the entire business will collapse.
>How to maintain the best supplier relations for the best deals.
>The different sales channels for your dropshipping store and how to leverage them.
>How to optimize your online store for selling like CRAZY.
>10 simple but powerful and effective ways to DESTROY your competitors.

Why should you buy this particular book? Well, it has been written by an experienced dropshipping consultant with years of success in the industry, after all. And as easy as it is for anybody to make it in dropshipping, you still need a steady hand to guide you through the oft-tempestuous journey to profitability.


#6 – From Nothing: Everything You Need to Profit from Affiliate Marketing, Internet Marketing, Blogging, Online Business, e-Commerce and More… Starting With <$100


“From Nothing“contain EVERYTHING you need to start an online business in the affiliate marketing, internet marketing, blogging, and e-commerce industries… using less than $100. It doesn’t matter if you’re brand new to this or if you’ve tried for years without seeing success.

If you can bring yourself to trust a ginger millennial as your guide (difficult, I know), you’ll be on your way to first-time success in online business the moment you begin reading.


#7 – Passive Income Ideas For 2020


A Step by Step Guide to Easy Passive Income Ideas For 2020 and Beyond. Are you ready to invest your money into creating passive income streams that inflate your monthly income? These are some of the hottest, proven methods that you can start with, today.You’re not going to get rich earning a salary. You need to take those savings and make money from money. But how? It can be harrowing and risky to invest in new income streams for the first time. The chance that you will lose money is high. That’s why you need a guide just like this one.






 

Stock Market: This May Be The Most Important Week So Far In 2020


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Stock Market — The week ahead is arguably the most important here at the start of 2020. The Federal Reserve and the Bank of England meet. The U.S. and the eurozone report initial estimates of Q4 19 GDP. The eurozone also reports its preliminary estimate of January CPI. China returns from the extended Lunar New Year celebration and reports its official PMI. Japan will report December retail sales and industrial production. These data points will provide insight into the state of the recovery from the October sales tax and typhoon.

Fears of the spread of a new virus from China and the potential economic impact weighed on risk-taking appetites last week. It is still early days, but the contagion rate appears to be tracking something close to SARS, which ended up slashing Chinese growth by two percentage points. China and Hong Kong equity markets were hit the hardest (3%+), the S&P 500’s decline of a little more than 1%, was only the fourth weekly loss but the largest since the end of Q3 ’19.

China reports the newest PMI readings on January 30. The impact of the coronavirus may not be picked up entirely in the data, which will not offer a clean read on the economy due to the Lunar New Year. To the extent that the virus impact is detected, it will likely hit services harder that manufactured goods in the first instance. That said, January manufacturing and non-manufacturing PMI are expected to have softened a little (50.2 and 53.5, respectively in December). The risk is that the economic disruption will offset the stimulus recently provided. The magnitude of the commitment to buy U.S. goods was already a stretch, according to some estimates, and weaker Chinese growth could provide another hurdle.

It has been widely reported that China committed to buying $200 bln more U.S. goods than the $128 bln purchased in 2017, the last year before the tariffs. However, last year, the U.S. exports to China were about $98 bln. So, compared with 2019, China has committed to buying $230 bln more U.S. goods. China will likely import a bit more than $2 trillion of goods and services this year. The political agreement appears to secure for the U.S. a little more than 15% of that market.

With a press conference after every FOMC meeting, and given Powell’s perceived communication challenges, it is difficult to say that the January 29 meeting is a non-event. Still, for all practical purposes, it is. There is scope for a small technical adjustment. The Fed pays 1.55% interest on both required and excess reserves. It could raise this by five basis points to ensure the fed funds rate remains within the 1.50%-1.75% target range. Many who think the Fed’s bill buying and repo operations represent an easing of monetary policy (as in QE), may argue that the Fed is tightening. However, most will likely conclude that it would be a technical adjustment and not a change in monetary policy proper.

The forecasts will not be updated until March, and the economy has not materially deviated from Fed expectations. Last year, some media reports played up the two persistent dissents against the series of rate cuts and argued Powell was losing control. However, this does not seem to be the case, and indeed a clear consensus has emerged. At the December meeting, 14 of the 17 officials thought no rate change would be needed this year.

Near-term downside risks have lessened. The U.S.-China trade deal may not deserve the embellished official descriptions, but an escalation in the coming months seems less likely than even a couple of months ago. The UK will leave the EU at the end of January for an 11-month standstill arrangement where nothing changes while a new trade deal is negotiated. The risk of a disruptive no-deal exit at the end of the year remains, but it is not yet pressing. Nevertheless, the implied yield of the December 2020 fed funds futures contract is near 1.30% compared with the current average of 1.55%, suggesting a 25 bp Fed cut has been discounted.

The Bank of England is a different story. Two members of the Monetary Policy Committee have dissented at the past couple of meetings in favor of an immediate rate cut. Two other members have indicated if the data did not improve, they too could support a rate reduction. BOE Governor Carney also sounded more dovish in recent comments. The January 30 BOE meeting will be the last Carney chairs. Andrew Baily will take the reins before the next meeting on March 26.

The official comments and the disappointing economic data has spurred a shift in market expectations. On January 10, the derivatives market implied a little less than a one-in-four chance of a rate cut on January 30. By January 17, the odds jumped to almost three-in-four. But sentiment swung back last week, and the odds narrowed to a little less than 50/50. It is a close call, and on balance, the resilience of the labor market, the recovery in business confidence, and the uptick in the PMI may keep the BOE on hold a bit longer. If this is indeed the case, sterling may pop higher, though ideas that lower rates can still be delivered later in H1 may limit the upside.

Quarterly GDP numbers often grab the headline, but for many investors, the report is a culmination of other high-frequency data with some variance. Moreover, GDP data is backward-looking. It is then more a favorite of economists than market participants. That said, the mixed signals of the U.S. economy make this GDP call particularly tricky, and the first estimate is subject to statistically significant revisions, often stemming from trade and inventories. The NY Fed’s GDP tracker (as of January 17) pointed to a sub-par 1.2% annualized pace. The Atlanta Fed’s model pointed to a 1.8% pace. The Bloomberg survey has a median forecast of 2.1%.

The composition of U.S. growth may have also changed. Consumption may have slowed from the 3.2% annualized pace in Q3. Residential investment appears to have risen, and trade also may have made a net positive contribution. The headline and core deflator are likely to be mostly steady. The Federal Reserve will look through just about any weakness in Q4 GDP and will make allowances for the production cuts at Boeing Co (NYSE:BA) in Q1 20. The case of a rate cut is based on ideas that record-long U.S. expansion is fragile and will have increasing difficulty coping with shocks. The lack of pick-up in early Q2 will leave the Fed with the same choice as last year. With price pressures subdued, another insurance policy can be taken out to boost the chances that the expansion can be extended.

Eurozone Q4 GDP seems easier to forecast. Growth has been relatively steady, with quarterly growth averaging about 0.3% for the past four quarters and 0.2% for the previous two. The year-over-year pace has been about 1.2% over the same period. It may not be very inspiring, but it is steady, and growth potential is probably only a little higher at around 1.5% or so. Market participants appear to be more confident that the ECB is on hold for the duration that it is of the Fed. The market sees only about a one-in-five chance of a rate cut by the ECB this year.

Perhaps the most challenging data point for investors to make sense of will be the initial estimate of the eurozone’s January consumer inflation. Prices fall in January. Last January, prices fell by 1%. That means that if prices fell by 0.9% this month, as economists forecast, the year-over-year rate will tick up. Indeed, the year-over-year rate is expected to rise to 1.4%. It would be the highest since last April. This is one reason why claims of Japanification of Europe are too simplistic: European inflation is nearly twice that of Japan’s. However, while we anticipate a base-effect rise in European CPI, the comparisons are not as friendly, and the true signal, as likely to be reflected in the core rate that may ease to 1.2% after being stuck at 1.3% in November and December.

Lastly, we turn to Japan. The issue at hand is how quickly it can rebound from the controversial sales tax increase and the typhoons. The most direct report will be retail sales. Recall the sequence of events. Anticipating the tax increase in October, consumers brought forward purchases, and August retail sales rose by 4.6% and then 7.2%, before plummeting 14.2% in October. They snapped back 4.5% in November and probably a little more than 1% in December.

Industrial output fell by 4.5% in October and another 1% in November. A small rise of around 0.7% is expected in December. Yet, in terms of the yen, these macro considerations seem to be of secondary importance. The heightened anxiety over the new coronavirus expressed through the sale of risk-off assets, and the unwinding of carry-trades and those speculators knowingly or unknowingly riding this wave is the primary driver now as the dollar’s advance was stalling around JPY110.25.

The coronavirus is an economic and financial shock. The extent of that shock still needs to be assessed but it could provide the spark for an arguably long-overdue adjustment in the capital markets. Investors may be risk-averse until there is greater transparency about the contagion rate and health risks. It is humbling to appreciate that despite the advances in science and medicine, some 80k Americans died in 2017-2018 from influenza, the highest toll in 40 years. The World Health Organization estimates that the annual flu epidemic kills between around 250k-500k people globally each year.


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◊ Plus500 Review 2020 ◊


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Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.


Plus500 is a streamlined broker that focuses on trading in a wide range of financial markets with relatively low spreads and no commissions but without offering many extra services. Plus500 has been in the forex and CFD business since 2008. They are registered in the U.K. and licensed by the Financial Conduct Authority (FCA).

The company offers access to a comprehensive product line including forex, stock indexes, equities, commoditiescryptocurrencies, ETFs and options. Plus500 is the first broker to introduce a bitcoin CFD in 2013. The company does not charge commissions on any of its trades.

All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platformPlus500 Ltd. (PLUS.L) is a publicly traded company on the AIM section of the London Stock Exchange since 2013 with a £1.73 billion ($2.25 billion) market capitalization and clients in more than 50 countries around the world. Plus500 offers access to more than 2,000 trading instruments.


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Trust … the company is registered with the Financial Conduct Authority (FCA), CySEC, ASIC, FSCA, FMA, MAS, and the ISA, which provides good accountability and visibility. The company is required to take steps to ensure client funds are not comingled with corporate funds – ensuring that client money and assets are protected in the unlikely event that Plus500 becomes insolvent – by holding those funds in segregated accounts at regulated banks.

If Plus500 defaults, any shortfall of funds of up to £50,000 may be compensated for under the Financial Services Compensation Scheme (FSCS). If the custodian bank holding client funds goes into liquidation, any shortfall of funds of up to £85,000 may be compensated for under the FSCS.

Plus500 also offers Negative Balance Protection, ensuring that clients cannot lose more than they have put into their account. Guaranteed stop losses can be used on some instruments depending on market conditions but they are subject to a wider spread.

The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Large volume traders do not get a trading discount at Plus500 and the spread is the same whether you trade one lot or 1,000 lots.


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There are no charges for normal withdrawals or terminating an account. However, inactivity fees kick in after an account has been idle for three months. Beginning traders can open an account with as little as £100.

Traders can qualify for a “professional” account, which offers a higher level of maximum leverage, but the costs are the same. Investors with a professional account may increase their maximum leverage ten-fold, from 1:30 to 1:300.Spreads at Plus500 were some of the lowest in the market.

Plus500 also offers access to options trading on many markets. These are very similar to plain call and put options traded on exchanges, but they are not standardized which means that the option premium can be customized for your risk tolerance and strategy objectives.


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Trading News: 3 Things Under the Radar This Week


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Trading News — There’s an ominous technical indicator hovering over the U.S. dollar, which could mean a move away from the greenback. But don’t go looking for value in bitcoin, according to one fund manager speaking at the World Economic Forum in Davos, Switzerland this week. Meanwhile, as lower interest rates have been a boon to equities, the run of ever-cheaper money may finally be coming to an end, according to one investment bank.



Here are three things that flew under the radar this week.

1. Dollar Hits the Death Cross

While markets were captivated this week on fundamentals, with some calling the Wuhan coronavirus a possible Black Swan, technicals weren’t overlooked.

The U.S. dollar could be in the crosshairs of the infamous death cross. The death cross happens when a 50-day moving average goes below the 200-day moving average, which happened on the last day of 2019, according to Bank of America Merrill Lynch.

When that’s been triggered in the past, the dollar has gone down seven out of eight times since 1980, Merrill said.

Adding to concerns is the fundamental backdrop of a global economy that may not need the safety of the greenback as much as it used to.

“The global economy looks like it’s healing,” TD Securities Mark McCormick said. “The reduction of uncertainty will likely allow investors to take risks … they didn’t want to take before.”

Momtchil Pojarliev, head of currencies at BNP Asset Management, is betting the dollar will fall against the euro, Japanese yen and Australian dollar as growth in those countries accelerates and their central banks raise interest rates while the Federal Reserve keeps them steady. That should narrow the gap in yields that has buoyed the U.S. currency.

2. Ray Dalio Debunks Bitcoin’s Diversification Powers

Bitcoin has been hailed in some corners as the holy grail of uncorrelated diversification assets, but famed fund manager Raymond Dalio warned earlier this week that bitcoin has no place in the real of world of investing.

With interest rates looking lower for longer and rendering cash almost useless, Dalio pushed back at the World Economic Forum in Davos, Switzerland against claims that bitcoin has a place in a diversified portfolio, pointing to the popular cryptocurrency’s lack of intrinsic value and wild swings.

“There’re two purposes of money: a medium of exchange and a store hold of wealth,” he said. “And Bitcoin is not effective in either of those cases now … It’s too volatile. Because of the volatility, you can’t go next to it.”

While there would be many who share Dalio’s view that bitcoin currently lacks the credentials to be taken seriously as a form payment, some of the most important central bankers have conceded that bitcoin has a role to play in a diversified portfolio.

“Really almost no one uses bitcoin for payments, they use it as an alternative to gold. It’s a store of value, a speculative store of value, like gold,” Federal Reserve Chairman Jerome Powell said in the summer of last year.

“Bitcoin’s consistent statistically uncorrelated nature provides an excellent source of diversification within a portfolio,” Blockhead Capital said, citing its study that measured the correlation of bitcoin’s price performance to several other assets or indices.

3. Easing Is Ending?

The main case for central banks cutting rates is receding, making the case for more accommodative monetary policy from current levels harder to justify, according to J.P. Morgan. The argument for an economic mid-year rebound has strengthened, J.P. Morgan said in a note to clients this week.

“The easing cycle is … close to an end and central bankers can take comfort that their limited and unconventional toolbox proved effective in cushioning a substantial shock,” analyst Bruce Kasman and team said.

But the biggest challenge that major central banks will face is dealing with inflation.

“With the Fed having lost confidence in translating current growth and labor market outcomes to future inflation, core inflation will likely need to move above 2% before it considers reversing last year’s ease,” J.P. Morgan said. “In refraining from reversing last year’s mid-cycle adjustment until inflation rises, the Fed will break from its past pattern of removing insurance once it became convinced that the growth scare had passed.”

Unlike the Fed, which looks happy to overshoot on inflation, the Bank of Japan will likely be content to undershoot.

Meanwhile, the “(p)ersistently low inflation remains a prime concern” for the ECB, but “creeping financial stability concerns set the bar high for additional action.”





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Stock Market News: U.S. Stocks Fall After Second Coronavirus Case Emerges

Stock Market News — The S&P 500 erased early gains and fell 0.6 per cent around lunchtime in New York. The Nasdaq Composite, which had registered an intraday record high in morning trade, was down 0.5 per cent even as upbeat earnings from Intel — which surged to its highest level since September 2000 — lifted chipmakers. The Dow also lost 0.5 per cent.

The declines followed a rise in European stocks as investors appeared to brush off concerns over the market impact of coronavirus, while there were fresh signs of life in the German economy.

The Stoxx Europe 600 rose 0.9 per cent, down from session highs but snapping four days of losses as major bourses from London to Frankfurt climbed higher. The euro dipped, falling 0.2 per cent against the dollar, after survey data showed business activity in the eurozone remained unexpectedly weak in January.

Still, activity in Germany, the eurozone’s largest economy, beat expectations. That pushed the Dax 1.4 per cent higher for its best day in more than three months.

Investors had few cues from the Asian session, where Chinese markets were closed for the lunar new year holiday. Hong Kong’s Hang Seng rose 0.2 per cent in its half-day of trading, but has still lost nearly 4 per cent this week as concerns over the outbreak of virus have weighed on investor sentiment.

The World Health Organization on Thursday held back from declaring a global emergency over the outbreak, but said its panel was split “almost 50:50”.

Paul Donovan, a strategist at UBS, said structural changes to the nature of the global economy make it hard to draw a clear analysis from events so far.

“There may be a further shift to online retail sales, limiting the damage to the consumer,” he said. But, he added “the rise of fake news on social media may spread fear faster and wider.”

The outbreak has prompted S&P Global Ratings, the credit rating agency, to warn that if the situation worsened considerably the disease could knock 1.2 percentage points off China’s economic growth this year.

Sterling fell 0.4 per cent after upbeat UK PMI data failed to convince investors that the Bank of England will hold off cutting interest rates next week. The meeting is now on a knife-edge, with traders pricing in a 48 per cent chance of a rate cut to 0.5 per cent, prices in swaps markets show.

In the US, a majority of investors are betting the Federal Reserve will maintain its pause on interest rates after three cuts last year.




Stock Market: World Economy Going Through Longest Period of Falling Trade Since 2009

Stock Market — The downturn in global trade dragged on at the end of last year, marking the longest period of contraction since the end of the financial crisis.The volume of goods trade dropped 0.6 per cent in November compared to the previous month, and was down 1.1 per cent compared to the same month in 2018, according to a closely watched world trade monitor from the Netherlands Bureau for Economic Policy Analysis (CPB).

November marked the sixth consecutive month of year-on-year contraction, the longest period of falling trade since 2009 and a sharp reversal from the 3.4 per cent expansion in November 2018.

The rate of contraction slowed in November, however, down from a 2 per cent pace in October, which was the steepest fall in a decade.

The annual contraction in trade- which is the value of exports and imports adjusted for price changes — was geographically broad-based with the eurozone, emerging Asia, the US and Latin America all reporting falling trade volumes.

However, trade was up over the previous month in emerging Asia, while the downturn became more severe in the eurozone where trade volumes dropped 1.7 per cent compared to October.

The data confirm surveys released earlier this month that showed a deterioration in global trade running until the end of the year. The exports order component of the JPMorgan Global purchasing manager index remained in negative territory in November and December, although up from September’s reading.

“International trade remains the main drag on efforts to lift growth further, so any moves that reduce tensions and barriers on this front will be especially beneficial.” Olya Borichevska, from Global Economic Research at JPMorgan.

Economists expect trade data to improve in early 2020, reflecting the signing of the US-China phase one trade deal earlier this month, as well as improving conditions in emerging economies such as Turkey. But a strong recovery is not on the cards yet.

“We think a recovery in world trade will be very modest, despite the pause in US-China hostilities” said Adam Slater, chief economist at Oxford Economics.

“World trade growth at this pace is less than half its long-term average.”







Plus500 CFD Review { 2020 }


Plus500 Rewiew 2020 — Plus500 is an international financial firm providing online trading services in contracts for difference (CFDs), across more than 2,000 securities and multiple asset classes. The company is headquartered in Israel and has subsidiaries in UK, Cyprus, Australia, Singapore and Bulgaria.

Plus500 is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), and the Israel Securities Authority (ISA). It is listed on the London Stock Exchange with the ticker “PLUS” and is a constituent of the FTSE 250 Index.


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• Business & Financial News – Stock Market News Today •


Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.


Plus500 is a streamlined broker that focuses on trading in a wide range of financial markets with relatively low spreads and no commissions but without offering many extra services. Plus500 has been in the forex and CFD business since 2008. They are registered in the U.K. and licensed by the Financial Conduct Authority (FCA).

The company offers access to a comprehensive product line including forex, stock indexes, equities, commoditiescryptocurrencies, ETFs and options. Plus500 is the first broker to introduce a bitcoin CFD in 2013. The company does not charge commissions on any of its trades.

All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platformPlus500 Ltd. (PLUS.L) is a publicly traded company on the AIM section of the London Stock Exchange since 2013 with a £1.73 billion ($2.25 billion) market capitalization and clients in more than 50 countries around the world. Plus500 offers access to more than 2,000 trading instruments.


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Trust … the company is registered with the Financial Conduct Authority (FCA), CySEC, ASIC, FSCA, FMA, MAS, and the ISA, which provides good accountability and visibility. The company is required to take steps to ensure client funds are not comingled with corporate funds – ensuring that client money and assets are protected in the unlikely event that Plus500 becomes insolvent – by holding those funds in segregated accounts at regulated banks.

If Plus500 defaults, any shortfall of funds of up to £50,000 may be compensated for under the Financial Services Compensation Scheme (FSCS). If the custodian bank holding client funds goes into liquidation, any shortfall of funds of up to £85,000 may be compensated for under the FSCS.


best-broker-stock-market


Plus500 also offers Negative Balance Protection, ensuring that clients cannot lose more than they have put into their account. Guaranteed stop losses can be used on some instruments depending on market conditions but they are subject to a wider spread.

The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Large volume traders do not get a trading discount at Plus500 and the spread is the same whether you trade one lot or 1,000 lots.


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There are no charges for normal withdrawals or terminating an account. However, inactivity fees kick in after an account has been idle for three months. Beginning traders can open an account with as little as £100.

Traders can qualify for a “professional” account, which offers a higher level of maximum leverage, but the costs are the same. Investors with a professional account may increase their maximum leverage ten-fold, from 1:30 to 1:300.Spreads at Plus500 were some of the lowest in the market.

Plus500 also offers access to options trading on many markets. These are very similar to plain call and put options traded on exchanges, but they are not standardized which means that the option premium can be customized for your risk tolerance and strategy objectives.


START TRADING NOW OR TRY A FREE DEMO ACCOUNT


Plus500 Deposits and Withdrawals

Plus500 Deposits and Withdrawals… This Answers the Following Questions: What is the minimum deposit for Plus500? What payment methods are accepted by Plus500? Does Plus500 accept PayPal? How to withdraw money from Plus500? How much can you withdraw from Plus500?… Read More ›

Best Stock Trading Platform In Europe {2020}

⇑⇓ Best Trading Platform Europe ⇓⇑ StockMarketNews.Today — what is the best stock trading platform in Europe for 2020? ….  How To Choose The Best Online Broker in Europe { 2020 } … Best Online Trading Platform. Start Trading Now or Try… Read More

> START TRADING NOW OR TRY A FREE DEMO ACCOUNT <

Plus500 CFD Review { 2020 }


♦ Plus500 CFD Review ♦


Plus500 Rewiew 2020Plus500 is an international financial firm providing online trading services in contracts for difference (CFDs), across more than 2,000 securities and multiple asset classes. The company is headquartered in Israel and has subsidiaries in UK, Cyprus, Australia, Singapore and Bulgaria.

Plus500 is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), and the Israel Securities Authority (ISA). It is listed on the London Stock Exchange with the ticker “PLUS” and is a constituent of the FTSE 250 Index.


Plus500 Review 2020

Plus500 Trading Review ◊ Plus500 Review 2020 ◊ • Business & Financial News – Stock Market News Today • Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo… Read More ›


plus-500-banner-01


◊ Plus500 Review 2020 ◊


plus-500-banner-01


• Business & Financial News – Stock Market News Today •


Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.


Plus500 is a streamlined broker that focuses on trading in a wide range of financial markets with relatively low spreads and no commissions but without offering many extra services. Plus500 has been in the forex and CFD business since 2008. They are registered in the U.K. and licensed by the Financial Conduct Authority (FCA).

The company offers access to a comprehensive product line including forex, stock indexes, equities, commoditiescryptocurrencies, ETFs and options. Plus500 is the first broker to introduce a bitcoin CFD in 2013. The company does not charge commissions on any of its trades.

All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platformPlus500 Ltd. (PLUS.L) is a publicly traded company on the AIM section of the London Stock Exchange since 2013 with a £1.73 billion ($2.25 billion) market capitalization and clients in more than 50 countries around the world. Plus500 offers access to more than 2,000 trading instruments.


START TRADING NOW OR TRY A FREE DEMO ACCOUNT


Trust … the company is registered with the Financial Conduct Authority (FCA), CySEC, ASIC, FSCA, FMA, MAS, and the ISA, which provides good accountability and visibility. The company is required to take steps to ensure client funds are not comingled with corporate funds – ensuring that client money and assets are protected in the unlikely event that Plus500 becomes insolvent – by holding those funds in segregated accounts at regulated banks.

If Plus500 defaults, any shortfall of funds of up to £50,000 may be compensated for under the Financial Services Compensation Scheme (FSCS). If the custodian bank holding client funds goes into liquidation, any shortfall of funds of up to £85,000 may be compensated for under the FSCS.


best-broker-stock-market


Plus500 also offers Negative Balance Protection, ensuring that clients cannot lose more than they have put into their account. Guaranteed stop losses can be used on some instruments depending on market conditions but they are subject to a wider spread.

The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Large volume traders do not get a trading discount at Plus500 and the spread is the same whether you trade one lot or 1,000 lots.


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There are no charges for normal withdrawals or terminating an account. However, inactivity fees kick in after an account has been idle for three months. Beginning traders can open an account with as little as £100.

Traders can qualify for a “professional” account, which offers a higher level of maximum leverage, but the costs are the same. Investors with a professional account may increase their maximum leverage ten-fold, from 1:30 to 1:300.Spreads at Plus500 were some of the lowest in the market.

Plus500 also offers access to options trading on many markets. These are very similar to plain call and put options traded on exchanges, but they are not standardized which means that the option premium can be customized for your risk tolerance and strategy objectives.


START TRADING NOW OR TRY A FREE DEMO ACCOUNT


Plus500 Deposits and Withdrawals

Plus500 Deposits and Withdrawals… This Answers the Following Questions: What is the minimum deposit for Plus500? What payment methods are accepted by Plus500? Does Plus500 accept PayPal? How to withdraw money from Plus500? How much can you withdraw from Plus500?… Read More ›

Plus500

⇑⇓ Plus500 ⇓⇑ StockMarketNews.Today — Plus500 is an international financial firm providing online trading services in contracts for difference (CFDs), across more than 2,000 securities and multiple asset classes. The company is headquartered in Israel and has subsidiaries in UK,… Read More ›


Best Stock Trading Platform In Europe {2020}

⇑⇓ Best Trading Platform Europe ⇓⇑ StockMarketNews.Today — what is the best stock trading platform in Europe for 2020? ….  How To Choose The Best Online Broker in Europe { 2020 } … Best Online Trading Platform. Start Trading Now or Try… Read More

> START TRADING NOW OR TRY A FREE DEMO ACCOUNT <


⇑⇓ History of Plus500 ⇓⇑


Plus500 is an international financial firm providing online trading services in contracts for difference (CFDs), across more than 2,000 securities and multiple asset classes. The company is headquartered in Israel and has subsidiaries in UK, Cyprus, Australia, Singapore and Bulgaria.

Plus500 is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), and the Israel Securities Authority (ISA). It is listed on the London Stock Exchange with the ticker “PLUS” and is a constituent of the FTSE 250 Index.




Plus500 Review

• Business & Financial News – Stock Market News Today •  Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account. Plus500 is a streamlined… Read More ›



Plus500 Withdrawals

Plus500 Deposits and Withdrawals… This Answers the Following Questions: What is the minimum deposit for Plus500? What payment methods are accepted by Plus500? Does Plus500 accept PayPal? How to withdraw money from Plus500? How much can you withdraw from Plus500?… Read More ›



History: Plus500 Headquarters in Haifa, Israel. The company was founded in 2008 by six alumni of the Technion – Israel Institute of Technology: Gal Haber, Alon Gonen, Elad Ben-Izhak, Shlomi Weizmann, Omer Elazari and Shimon Sofer), with an initial investment of $400,000 contributed by Gonen.

The initial platform was based on a Windows OS. In 2010, Plus500 launched a web based version of its online trading platform, allowing Mac and Linux users to trade online. In 2011, they launched their first app for iPad and iPhone users. In 2012, Plus500 introduced its Android-based trading platform for Android smartphones and tablets.

In 2014, the company launched its Windows app. In 2016, the Israeli operating subsidiary of company, Plus500IL Ltd was one of a small number of companies to be granted a Trading Arena Licence by the Israeli Security Authority (ISA). In that same year, Plus500 released an app for Apple Watch to trade and view account details directly from Apple’s wearable.

In early December 2017, Plus500SG Pte Ltd, the Singapore subsidiary of Plus500, was granted a Capital Markets Services license by the Monetary Authority of Singapore (MAS) for dealing in securities and leveraged foreign exchange trading.

In June 2018, Plus500 launched its Economic Calendar, covering major financial events and indicators from all over the world, which are provided by Dow Jones & Company, a subsidiary of News Corp. Plus500’s calendar includes a list of the most highly-affected instruments for each economic event.

In July 2018, shares of Plus500 were listed in the main market of the London Stock Exchange.

Operations… Plus500 trading apps are supported in 32 languages, including English, German, Greek, Italian, Spanish, French, Finnish, Danish, Swedish, Estonian, Russian, Romanian, Hebrew, Arabic, and Traditional and Simplified Chinese.[18] It has been reported that 40% of the transactions were made by either Smartphones or tablets.[2]

In December 2017, European and UK announced details of planned restrictions on the spreadbetting and CFD sectors. Plus500 CEO Asaf Elimelech said “the board believes the proposals are unlikely to have a material adverse effect on the group’s business, thanks to its highly flexible business model”.




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  • Best Books For Making Money { 2020 }

    ◊ Best Books For Making Money ◊ #1 – The Book on Making Money After skipping college, Steve Oliverez worked a series of low-paying jobs before setting a remarkable goal for himself – to double his income every year. In… Read More ›

  • The Best Movies Related To Stock Market {2020}

    Top Movies Related To Stock Market {2020} #1 – The Big Short The Big Short is a 2015 American biographical comedy-drama film directed by Adam McKay. Written by McKay and Charles Randolph, it is based on the 2010 book The… Read More ›

  • Best Stock Market Books For Beginners {2020}

    Best Stock Market Books For Beginners {2020} Amazon #1 – The Intelligent Investor. (Revised Edition) This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions… The greatest investment advisor of the twentieth century, Benjamin Graham, taught… Read More ›

  • How To Make Money Online by Investing Little Money

    ◊ How To Make Money Online by Investing Little Money – StockMarketNews.Today ◊ Internet offers many opportunities to make a lot of money. Whether you’re looking to make some fast cash, or you’re after long-term, more sustainable income-producing results, there… Read More ›

  • How To Make Money During Stock Market Correction?

    ◊ How to Deal With a Stock Market Correction ◊ Stock market corrections are scary but normal. In fact, they’re a sign of a healthy market in most… Read More ›

  • How To Make Money In Online Stock Trading?

     … Investing in the stock market can be a great way to have your money make money…  Stock trading is not a risk-free activity, and some losses are inevitable. However, with substantial research and investments in the right… Read More ›




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Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.






 

How To Make Money Online For Beginners { 2020 }


> How To Make Money Online For Beginners { 2020 } <


Internet offers many opportunities to make a lot of money. Whether you’re looking to make some fast cash, or you’re after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn’t as difficsult as most make it out to seem.





However, if you’re looking for realistic ways to make money now, then it really truly does boil down to 11 paths you can take towards profit. Some will provide you with immediate results, helping you to address your basic monthly necessities, while others have the potential to transform your life by revolutionizing your finances in the long term…



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  • 1. Make Money as a Life Coach (Using An Internationally-Recognized Certification Program… )

LIFE

Money Invested: $45 | Time Invested: 110 Hours | Money Earned (30 days): $879

How To Make Money as Life Coach: Life coaching is the process of helping people identify and achieve personal goals through developing skills and attitudes that lead to self-empowerment. Life coaching general deals with issues such as work-life balance and career changes, and often occurs outside the workplace setting. Learn More …



Affiliate

Money Invested: $1,300 | Time Invested: 72 Hours | Money Earned (30 days): $7,742

How To Make Money In Affiliate Marketing: Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make. Learn More …



  • 3. Make Extra Money Online Simply By Sharing Your Opinions

opinion

Money Invested: $1 | Time Invested: 46 Hours | Money Earned (30 days): $329

How To Make Money by Sharing Your Opinion: A Review ( Opinion ) is an evaluation of a publication, service, or company such as a movie, video game, musical composition, book; a piece of hardware like a car, home appliance, or computer; or an event or performance, such as a live music concert, play, musical theater show, dance show, or art exhibition. Learn More …



  • 4. Make Money With an Online Drop Shipping Business

drop

Money Invested: $75 | Time Invested: 144 Hours | Money Earned (30 days): $1,915

How To Make Money With an Online Drop Shipping Business: Drop shipping is a business model where you send your customers’ orders to a manufacturer or wholesaler, and they send the products directly to your customer. Learn More …



  • 5. Write an Ebook and sell it on Amazon

write-publish-ebook-today

Money Invested: $55 | Time Invested: 108 Hours | Money Earned (30 days): $973

How to Make Money Selling Ebooks Online: Do you want to learn how to make an ebook from beginning to end?… Writing ebooks is one of the easiest way to earn money. You work on your own time, and when you finish the book – you will make money from it over and over again…for a very long time!. Learn More …



  • 6. Make Money on Twitter

Twitt22

Money Invested: $25 | Time Invested: 52 Hours | Money Earned (30 days): $494

How to Make Money on Twitter: Twitter is an American online microblogging and social networking service on which users post and interact with messages known as “tweets”. Selling advertising, sponsored links, and affiliate marketing. Here are a few programs that can help you make money on Twitter. Learn More …



become-domain-reseller

Money Invested: $55 | Time Invested: 110 Hours | Money Earned (30 days): $1,514

How To Make Money Selling Domain Names: Domain name is like a land on the Web. You can use domains in a variety of ways to make money. Domains increase value over time, especially if they have some commercial value. You can buy a domain name at low price and then sell it high priceLearn More …



best-broker-stock-market

Money Invested: $300 | Time Invested: 72 Hours | Money Earned (30 days): $3,177

How To Make Money in Stock Trading: Investing in the stock market can be a great way to have your money make money… Stock trading is not a risk-free activity, and some losses are inevitable. However, with substantial research and investments in the right companies, stock trading can potentially be very profitable. Learn More …


  • 9. Make Money With Your Photos

makemoneyphotos

Money Invested: $1 | Time Invested: 74 Hours | Money Earned (30 days): $374

How To Earn Money Selling Photos Online: Who wouldn’t want to earn money by selling their photos online? … Did you know thousands of photographers are making hundreds even thousands of dollars every day just by selling their photos online?… In fact every month millions of photos are bought online which is used for websites, magazines, blogs, print ads, marketing materials and many more. Learn More …



superstockdisney

Money Invested: $1 | Time Invested: 60 Hours | Money Earned (30 days): $245

How To Make Money on Youtube: You’ve probably heard stories about regular people earning money on YouTube and thought, “Hey, I can do this too!”. Earning with YouTube is easy, but making big money with the platform can be a challenge. Learn More …



  • 11. Make Money Testing Apps

55Apps

Money Invested: $20 | Time Invested: 44 Hours | Money Earned (30 days): $197

How To Make Money Testing Apps: Testing Apps is a great way to earn extra money but it won’t make you rich. The number of opportunities you receive will depend on a number of factors, such as your demographics and your quality rating. Learn More …









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◊ Best Books For Making Money ◊


#1 – The Book on Making Money


After skipping college, Steve Oliverez worked a series of low-paying jobs before setting a remarkable goal for himself – to double his income every year. In The Book On Making Money, he reveals what he learned while successfully hitting this goal for seven years in a row, growing his annual income to more than $1 million. Walking readers through the steps he took to reach his goal, he shows how they can apply the same techniques to greatly increase their own income, whether they work for someone else or run their own business. Oliverez spells out his disagreements with the traditional wisdom that tells young adults to go to school, get good grades and find a safe, steady job – advice that has left many Americans with tens or hundreds of thousands of dollars in student loans, credit card debt or mortgages on homes they can’t afford. He also assaults the idea of saving one’s way to wealth as absurd and counterproductive, using his own experience of trying to save money while poor as an example. Instead of promoting an austere lifestyle of clipping coupons and spending as little as possible, he shows how those habits can actually prevent people from becoming wealthy.


#2 – ABCs of Making Money


International Bestseller. The largely word-of-mouth success is due to its unique approach: instead of just giving the reader the usual do’s and don’ts of managing money – which it does in very clear, actionable terms – this invaluable book walks readers through the psychology of money. Do you ever wonder what makes some people successful while others are destined to struggle their whole lives? … The difference is in their Attitudes toward money. If you don’t examine this issue first, then all the self-help books and courses in the world will be a waste. The ABCs of Making Money is a simple, step-by-step guide for everyone. This common sense approach contains lots of simple checklists, self-directed exercises and tips. It demystifies the secrets of making money while providing proven strategies for the average person to painlessly create wealth. It has already helped hundreds of thousands of people and been acclaimed by universities and charities in the U.S. Amongst other things you will learn: how to achieve financial freedom, gain control of your life, eliminate financial stress and stop living paycheck to paycheck.


#3 – A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today


Learn to make money in the stock market, even if you’ve never traded before. The stock market is the greatest opportunity machine ever created. This book will teach you everything that you need to know to start making money in the stock market today. Don’t gamble with your hard-earned money. If you are going to make a lot of money, you need to know how the stock market really works. You need to avoid the pitfalls and costly mistakes that beginners make. And you need time-tested trading and investing strategies that actually work. This book gives you everything that you will need. It’s a simple road map that anyone can follow.




START TRADING NOW OR TRY A FREE DEMO ACCOUNT




How To Start Investing In 2020


⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑

StockMarketNews.Today — Over half of Americans (55%) say they are not participating in the stock market, according to a 2019 poll of over 8,000 U.S. adults conducted by MetLife. Gen Z (18 to 24) and millennials (defined here those 25 to 34) are opting out in far greater numbers than older Americans.

For many, it comes down to fear. “There are so many choices today — it’s definitely overwhelming for people,” says David Day, a certified financial planner with Colorado-based Gold Medal Waters. “When you have too many choices and there are too many options, you end up just getting paralyzed and doing nothing.”

But experts say even if the stock market conditions aren’t perfect, it’s worth investing, be it in a retirement account or a taxable brokerage account. Don’t waste time trying to get into the market at the perfect time, says Ron Guay, a financial planner with California-based Rivermark Wealth Management.

“The best time to invest in the market is when you have the money to do so. Holding money on the sidelines in anticipation of a market dip is a loser’s game,” he says.

Here’s how financial planners recommend first-time investors get started today.

Understand what you’re willing to risk
It sounds easy to determine if you’re a conservative or aggressive investor, but it can be a bit more nuanced — especially if you haven’t invested much in the past, or have only contributed to a target date fund within a retirement account, such as a 401(k). In those instances, you may not have had to consider risk because the fund was based on your potential retirement date and allocated accordingly.

It’s a little different when you’re the one picking the funds or finding a portfolio in an individual retirement account or a taxable brokerage account that works for you. The last decade has brought a charging bull market that doesn’t seem to be losing steam. That environment of an economically sound market that consistently delivers good returns may have created unrealistic expectations among young people that markets will never go down and that investing isn’t that risky.

Take a moment to consider what you’d be willing to risk if the market experienced a sustained downturn and you lost part of your investment. If you’re not sure, there are quizzes you can take, such as the Investment Risk Tolerance Assessment created by personal financial planning professors, Dr. Ruth Lytton at Virginia Tech and Dr. John Grable at the University of Georgia.

Online investment tools can make it easier
If you’re looking for a fairly easy way to get started investing, Guay frequently suggests first-time investors open a managed account with an online investment advice service (also called a robo-advisor) like Betterment.

They do a nice job of first focusing the investor on their goal, such as building an emergency fund — a key component to financial health — or investing savings for a down payment for a first home or other large purchase, Guay says. “Many times investors want to jump right in and start buying stocks without even determining what the eventual use of the funds will be,” he says. Having a clear goal for the money will dictate how and where you invest.

Several robo-advisors, including Betterment and investing apps like Stockpile and Stash, offer fractional share investing, which allows investors to buy a portion of a stock or ETF instead of a whole unit. This makes it easier for investors with only a limited amount of money to put everything into the market, says Ryan Firth, a CFP with Texas-based Mercer Street.

Many of these platforms also make it easy to make regular contributions to your retirement accounts part of your routine, such as putting $100 aside every two weeks, a strategy that experts call dollar-cost averaging.

This is good for investors with a long time horizon and a goal like saving for retirement because it takes emotion out of the equation. Instead, you’re continually investing, week after week, no matter what the market is doing. Plus, it keeps you from selling out during market lows and buying in at market highs.

If going the DIY route: Find diversified, low-cost funds
Of course, you can invest on your own by simply signing up for an account, like a Roth IRA or a taxable brokerage account, with a brokerage such as Fidelity or Charles Schwab.

If you’re a first-time investor investing on your own, keep it as simple as possible, recommends John Crumrine, a CFP with North Carolina-based Brunswick Financial. “The easiest way to do that while still having a diversified portfolio is to invest in the broadest index funds you can find,” he says

It’s reasonable for an investor in their 20s or 30s to invest a majority, or even all of the money, in their Roth IRA in stocks because they have a longer time to recover from any potential losses. But instead of picking individual stocks, experts say to look for a total stock market exchange-traded fund (ETF) or index fund, which is a type of mutual fund. Crumrine says something like the Fidelity Total Market Index Fund (FSKAX) or the Schwab Total Stock Market Index Fund (SWTSX), both of which cover virtually the entire U.S. stock market, would be a good start. The Vanguard Total Stock Market ETF (VTI) is a similarly broad stock ETF option.

You could also look for a blend index fund, whether for a Roth IRA or a brokerage account. These types of funds contain a variety of stocks and sometimes bonds, to create a diversified investment option, says Sara Behr, a CFP and founder of California-based Simplify Financial Planning. The Vanguard Balanced Index Fund (VBINX), which has roughly 60% in stocks and 40% in bonds by tracking two indexes, is a good example of this type of blend fund.

When investing, you want to create a balanced, diversified portfolio, which means that you have your money invested in different types of assets, such as stocks and bonds. You want to set up your investments in a way that when one sector of the market is dipping, you are also invested somewhere that is performing well. To do that, you may need to invest in more than one fund.

That said, don’t get so hung up on finding that perfect fund that you don’t invest at all. “Getting invested is way more important than the difference between Fund A and Fund B,” Day says.

Keep an eye on fees
Whether you’re using a robo-advisor or investing via a brokerage, you need to understand what you’re paying for your investments. Over a third of U.S. investors think that they don’t pay any fees, a 2018 survey found. But it turns out, a vast majority do — and those fees can add up. In some cases, they’ve been found to eat away at your investment returns.

Robo-advisors offer a lot of helpful tools and easy-to-follow formats. But you are paying a bit more, usually between 0.25% and 1% of your assets, for the service’s help setting up and managing your money. That’s on top of the cost of the fund, typically referred to as the expense ratio.

By doing it yourself, you’ll avoid those management fees, but you will still have to pay the expense ratio. The average ratio across all mutual funds, including index funds, was about 0.48% in 2018, according to Morningstar. ETFs, on the other hand, carry lower average expense ratios of 0.44%. That means if you invest $1,000 into an ETF, you’ll likely pay about $4.40 in annual fees.

Most funds, and even some investment services, have minimum initial investment amounts ranging from $100 to $3,000, although you can find some with no minimum, Crumrine says. If you don’t have enough to hit the minimum and start investing right away, he says you can set up the automatic money transfers to the account until you have built up enough to meet the requirement.

Temper your expectations
“Patience is an important lesson to learn for young investors. They want to see quick results,” says Randy Gardner, an adjunct professor of financial planning at the American College of Financial Services and financial coach with the Garrett Planning Network of financial planners.

Everyone expects to have the next Microsoft or Apple or Google, Gardner says, and while there are stocks with big gains and years that the market does very well (including last year, with the S&P 500 rising 28.9%), the stock market returns a historical average of about 10%.

“We’ve been trained to expect big returns, and if we don’t get them, then we’re disappointed,” Gardner says. “A lot of people lose confidence in the markets because they don’t give the returns as quickly as people hoped.”

And don’t forget to reinvest the returns you do get, Crumrine says. “Reinvestment is one of the keys to growing your balances over time,” he says. When first purchasing a mutual fund, as part of the order entry, the investor will have an option to automatically reinvest dividends and capital gains. This option should always be selected, he adds.


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Best Stock Trading Platform In Europe {2020}


⇑⇓ Best Trading Platform Europe ⇓⇑


StockMarketNews.Todaywhat is the best stock trading platform in Europe for 2020? ….  How To Choose The Best Online Broker in Europe { 2020 } …


Best Online Trading Platform. Start Trading Now or Try a FREE Demo Account.


To evaluate brokers, you should look at the following factors:

>>> Commissions
>>> Account Minimum
>>> Account Fees
>>> Your Trading Style and Tech Needs
>>> Promotions

Look at commissions on the investments you’ll use most… Brokers generally offer a similar menu of investment options: individual stocks, options, mutual funds, exchange-traded funds, and bonds. Some will also offer access to futures trading and forex (currency) trading.



A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today



The investments offered by the broker will dictate two things: whether your investment needs will be satisfied, and how much you’ll pay in commissions. Pay careful attention to the commissions associated with your preferred investments:

Individual stocks: You’ll typically pay a per-trade commission of $4 to $7. Some brokerages also offer per-share pricing.

Options: Options trades often incur the stock trade commission plus a per-contract fee, which usually runs $0.15 to $1.50. Some brokers charge only a commission or only a contract fee.

Mutual funds: Some brokers charge a fee to purchase mutual funds. You can limit mutual fund transaction costs or avoid them completely by selecting a broker that offers no-transaction-fee mutual funds. (Mutual funds also carry internal fees called expense ratios. These are charged not by the broker, but by the fund itself.)

ETFs: ETFs trade like a stock and are purchased for a share price, so they are often subject to the broker’s stock trade commission. But many brokers also offer a list of commission-free ETFs. If you plan to invest in ETFs, you should look for one of these brokers.

Bonds: You can purchase bond mutual funds and ETFs at no charge by using no-transaction-fee mutual funds and commission-free ETFs. Brokers may charge a fee to purchase individual bonds, with a minimum and maximum charge.

Pay attention to account minimums… You can find highly ranked brokers with no account minimum. But some brokers do require a minimum initial investment, and it can skew toward $500 or more. Many mutual funds also require similar minimum investments, which means even if you’re able to open a brokerage account with a small amount of money, it could be a struggle to actually invest it.

Watch out for account fees… You may not be able to avoid account fees completely, but you can certainly minimize them. Most brokers will charge a fee for transferring out funds or closing your account. If you’re transferring to another broker, that new company may offer to reimburse your transfer fees, at least up to a limit.

Most other fees can be sidestepped by simply choosing a broker that doesn’t charge them, or by opting out of services that cost extra. Common fees to watch out for include annual fees, inactivity fees, trading platform subscriptions and extra charges for research or data.

Consider your trading style and tech needs… If you’re a beginner investor, you probably won’t need extras, like an advanced trading platform. But you may want an education and a little hand-holding. This could include videos and tutorials on the broker’s website, or in-person seminars at branches. Many brokers offer these services free to account holders.

Active traders, on the other hand, will want to look for a brokerage that supports that kind of frequency. That includes weighing a broker’s trading platforms, analysis tools, research and data offerings in addition to commissions — including discounts for high-volume traders — and fees.

Plenty of high-quality online brokers offer free demo access to trading platforms.

Take advantage of promotions… Online brokers, like many companies, frequently entice new customers with deals, offering a number of commission-free trades or a cash bonus on certain deposit amounts.

It isn’t wise to choose a broker solely on its promotional offer — a high commission over the long term could easily wipe out any initial bonus or savings — but if you’re stuck between two options, a promotion may sway you one way or the other.


Best Online Trading Platform. Start Trading Now or Try a FREE Demo Account.


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◊ Best Stock Trading Platform In Europe {2020} : Plus500 Review ◊


Plus500 is a streamlined broker that focuses on trading in a wide range of financial markets with relatively low spreads and no commissions but without offering many extra services. Plus500 has been in the forex and CFD business since 2008. They are registered in the U.K. and licensed by the Financial Conduct Authority (FCA).

The company offers access to a comprehensive product line including forex, stock indexes, equities, commodities, cryptocurrencies, ETFs and options. Plus500 is the first broker to introduce a bitcoin CFD in 2013. The company does not charge commissions on any of its trades.

All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Plus500 Ltd. (PLUS.L) is a publicly traded company on the AIM section of the London Stock Exchange since 2013 with a £1.73 billion ($2.25 billion) market capitalization and clients in more than 50 countries around the world. Plus500 offers access to more than 2,000 trading instruments.


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Trust … The company is registered with the Financial Conduct Authority (FCA), CySEC, ASIC, FSCA, FMA, MAS, and the ISA, which provides good accountability and visibility. The company is required to take steps to ensure client funds are not comingled with corporate funds – ensuring that client money and assets are protected in the unlikely event that Plus500 becomes insolvent – by holding those funds in segregated accounts at regulated banks.

If Plus500 defaults, any shortfall of funds of up to £50,000 may be compensated for under the Financial Services Compensation Scheme (FSCS). If the custodian bank holding client funds goes into liquidation, any shortfall of funds of up to £85,000 may be compensated for under the FSCS.

Plus500 also offers Negative Balance Protection, ensuring that clients cannot lose more than they have put into their account. Guaranteed stop losses can be used on some instruments depending on market conditions but they are subject to a wider spread.

The company does not charge commissions on any of its trades. All costs are contained within the spread for each of more than 2,000 trading instruments offered on Plus500’s WebTrader platform. Large volume traders do not get a trading discount at Plus500 and the spread is the same whether you trade one lot or 1,000 lots.

There are no charges for normal withdrawals or terminating an account. However, inactivity fees kick in after an account has been idle for three months. Beginning traders can open an account with as little as £100.

Traders can qualify for a “professional” account, which offers a higher level of maximum leverage, but the costs are the same. Investors with a professional account may increase their maximum leverage ten-fold, from 1:30 to 1:300.

Plus500 also offers access to options trading on many markets. These are very similar to plain call and put options traded on exchanges, but they are not standardized which means that the option premium can be customized for your risk tolerance and strategy objectives.


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⇑⇓ Start Trading Now ⇓⇑









Plus500


⇑⇓ Plus500 ⇓⇑


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StockMarketNews.TodayPlus500 is an international financial firm providing online trading services in contracts for difference (CFDs), across more than 2,000 securities and multiple asset classes. The company is headquartered in Israel and has subsidiaries in UK, Cyprus, Australia, Singapore and Bulgaria.

Plus500 is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), and the Israel Securities Authority (ISA). It is listed on the London Stock Exchange with the ticker “PLUS” and is a constituent of the FTSE 250 Index.




Plus500 Review 2019

• Business & Financial News – Stock Market News Today •  Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account. Plus500 is a streamlined… Read More ›

Plus500 Deposits and Withdrawals

Plus500 Deposits and Withdrawals… This Answers the Following Questions: What is the minimum deposit for Plus500? What payment methods are accepted by Plus500? Does Plus500 accept PayPal? How to withdraw money from Plus500? How much can you withdraw from Plus500?… Read More ›



History: Plus500 Headquarters in Haifa, Israel. The company was founded in 2008 by six alumni of the Technion – Israel Institute of Technology: Gal Haber, Alon Gonen, Elad Ben-Izhak, Shlomi Weizmann, Omer Elazari and Shimon Sofer), with an initial investment of $400,000 contributed by Gonen.

The initial platform was based on a Windows OS. In 2010, Plus500 launched a web based version of its online trading platform, allowing Mac and Linux users to trade online. In 2011, they launched their first app for iPad and iPhone users. In 2012, Plus500 introduced its Android-based trading platform for Android smartphones and tablets.

In 2014, the company launched its Windows app.

In May 2015, Plus500 was hit with massive value loss when its stock plunged almost 60 percent due to the company’s move to freeze UK based trader accounts. The UK Financial Conduct Authority had ordered Plus500UK (the UK subsidiary of Plus500) to freeze the accounts as part of a review into anti-money-laundering controls. Most customers were able to access their funds within 2 months. The Australian and the Cyprus subsidiaries were not affected.

In 2016, the Israeli operating subsidiary of company, Plus500IL Ltd was one of a small number of companies to be granted a Trading Arena Licence by the Israeli Security Authority (ISA). In that same year, Plus500 released an app for Apple Watch to trade and view account details directly from Apple’s wearable.

In early December 2017, Plus500SG Pte Ltd, the Singapore subsidiary of Plus500, was granted a Capital Markets Services license by the Monetary Authority of Singapore (MAS) for dealing in securities and leveraged foreign exchange trading.

In June 2018, Plus500 launched its Economic Calendar, covering major financial events and indicators from all over the world, which are provided by Dow Jones & Company, a subsidiary of News Corp. Plus500’s calendar includes a list of the most highly-affected instruments for each economic event.[15]

In July 2018, shares of Plus500 were listed in the main market of the London Stock Exchange.

Operations
Plus500 trading apps are supported in 32 languages, including English, German, Greek, Italian, Spanish, French, Finnish, Danish, Swedish, Estonian, Russian, Romanian, Hebrew, Arabic, and Traditional and Simplified Chinese.[18] It has been reported that 40% of the transactions were made by either Smartphones or tablets.[2]

In December 2017, European and UK watchdogs announced details of planned restrictions on the spreadbetting and CFD sectors. Plus500 CEO Asaf Elimelech said “the board believes the proposals are unlikely to have a material adverse effect on the group’s business, thanks to its highly flexible business model”.




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  • Best Books For Making Money { 2020 }

    ◊ Best Books For Making Money ◊ #1 – The Book on Making Money After skipping college, Steve Oliverez worked a series of low-paying jobs before setting a remarkable goal for himself – to double his income every year. In… Read More ›

  • The Best Movies Related To Stock Market {2020}

    Top Movies Related To Stock Market {2020} #1 – The Big Short The Big Short is a 2015 American biographical comedy-drama film directed by Adam McKay. Written by McKay and Charles Randolph, it is based on the 2010 book The… Read More ›

  • Best Stock Market Books For Beginners {2020}

    Best Stock Market Books For Beginners {2020} Amazon #1 – The Intelligent Investor. (Revised Edition) This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions… The greatest investment advisor of the twentieth century, Benjamin Graham, taught… Read More ›

  • How To Make Money Online by Investing Little Money

    ◊ How To Make Money Online by Investing Little Money – StockMarketNews.Today ◊ Internet offers many opportunities to make a lot of money. Whether you’re looking to make some fast cash, or you’re after long-term, more sustainable income-producing results, there… Read More ›

  • How To Make Money During Stock Market Correction?

    ◊ How to Deal With a Stock Market Correction ◊ Stock market corrections are scary but normal. In fact, they’re a sign of a healthy market in most… Read More ›

  • How To Make Money In Online Stock Trading?

     … Investing in the stock market can be a great way to have your money make money…  Stock trading is not a risk-free activity, and some losses are inevitable. However, with substantial research and investments in the right… Read More ›




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Best Books For Making Money { 2020 }


◊ Best Books For Making Money ◊


#1 – The Book on Making Money


After skipping college, Steve Oliverez worked a series of low-paying jobs before setting a remarkable goal for himself – to double his income every year. In The Book On Making Money, he reveals what he learned while successfully hitting this goal for seven years in a row, growing his annual income to more than $1 million. Walking readers through the steps he took to reach his goal, he shows how they can apply the same techniques to greatly increase their own income, whether they work for someone else or run their own business. Oliverez spells out his disagreements with the traditional wisdom that tells young adults to go to school, get good grades and find a safe, steady job – advice that has left many Americans with tens or hundreds of thousands of dollars in student loans, credit card debt or mortgages on homes they can’t afford. He also assaults the idea of saving one’s way to wealth as absurd and counterproductive, using his own experience of trying to save money while poor as an example. Instead of promoting an austere lifestyle of clipping coupons and spending as little as possible, he shows how those habits can actually prevent people from becoming wealthy.


#2 – ABCs of Making Money


International Bestseller. The largely word-of-mouth success is due to its unique approach: instead of just giving the reader the usual do’s and don’ts of managing money – which it does in very clear, actionable terms – this invaluable book walks readers through the psychology of money. Do you ever wonder what makes some people successful while others are destined to struggle their whole lives? … The difference is in their Attitudes toward money. If you don’t examine this issue first, then all the self-help books and courses in the world will be a waste. The ABCs of Making Money is a simple, step-by-step guide for everyone. This common sense approach contains lots of simple checklists, self-directed exercises and tips. It demystifies the secrets of making money while providing proven strategies for the average person to painlessly create wealth. It has already helped hundreds of thousands of people and been acclaimed by universities and charities in the U.S. Amongst other things you will learn: how to achieve financial freedom, gain control of your life, eliminate financial stress and stop living paycheck to paycheck.


#3 – A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today


Learn to make money in the stock market, even if you’ve never traded before. The stock market is the greatest opportunity machine ever created. This book will teach you everything that you need to know to start making money in the stock market today. Don’t gamble with your hard-earned money. If you are going to make a lot of money, you need to know how the stock market really works. You need to avoid the pitfalls and costly mistakes that beginners make. And you need time-tested trading and investing strategies that actually work. This book gives you everything that you will need. It’s a simple road map that anyone can follow.


#4 – I Will Teach You to Be Rich


Personal finance expert Ramit Sethi has been called a “wealth wizard” by Forbes and the “new guru on the block” by Fortune. Now he’s updated and expanded his modern money classic for a new age, delivering a simple, powerful, no-BS 6-week program that just works. This 10th anniversary edition features over 80 new pages, including:
• New tools
• New insights on money and psychology
• Amazing stories of how previous readers used the book to create their rich lives
Master your money—and then get on with your life.


#5 – Dropshipping E-Commerce Business Model 2020

Have you always wanted to have a passive source of income to boost your current job?… Are the risks of mainstream business keeping you from living out your entrepreneurial dream?… Or simply do you shy away from investment because you don’t have “enough” capital to start a business?

If you have answered yes to any of these questions, dropshipping is the business for you. It is the only low-risk business that allows you to make to a 6 figure income a month from the comfort of your house with just a few hundred dollars as a capital.

As a dropshipper, you will play the role of intermediary, facilitating the order process for your customers without actually handling any inventory. And with dropshipping automation tools, you will be able to automate your business so that your store can run itself and make money for you with little to no effort from your end.

To guide you on your journey to unimaginable riches, Dropshipping E-Commerce Business Model lays out the finer points of establishing a dropshipping business from A to Z.

The topics featured in this book include:

The correct budget you need for start dropshipping business, without losing a penny.
>How to find the best niches and the winning products to list on your Shopify and online store.
>How to set up a payment system and stay away from being SCAMMED.
>The order fulfillment process in the details. If you won’t follow these steps, the entire business will collapse.
>How to maintain the best supplier relations for the best deals.
>The different sales channels for your dropshipping store and how to leverage them.
>How to optimize your online store for selling like CRAZY.
>10 simple but powerful and effective ways to DESTROY your competitors.

Why should you buy this particular book? Well, it has been written by an experienced dropshipping consultant with years of success in the industry, after all. And as easy as it is for anybody to make it in dropshipping, you still need a steady hand to guide you through the oft-tempestuous journey to profitability.


#6 – From Nothing: Everything You Need to Profit from Affiliate Marketing, Internet Marketing, Blogging, Online Business, e-Commerce and More… Starting With <$100


“From Nothing“contain EVERYTHING you need to start an online business in the affiliate marketing, internet marketing, blogging, and e-commerce industries… using less than $100. It doesn’t matter if you’re brand new to this or if you’ve tried for years without seeing success.

If you can bring yourself to trust a ginger millennial as your guide (difficult, I know), you’ll be on your way to first-time success in online business the moment you begin reading.


#7 – Passive Income Ideas For 2020


A Step by Step Guide to Easy Passive Income Ideas For 2020 and Beyond. Are you ready to invest your money into creating passive income streams that inflate your monthly income? These are some of the hottest, proven methods that you can start with, today.You’re not going to get rich earning a salary. You need to take those savings and make money from money. But how? It can be harrowing and risky to invest in new income streams for the first time. The chance that you will lose money is high. That’s why you need a guide just like this one.







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Best Stock Market Books For Beginners {2020}

Best Stock Market Books For Beginners {2020} Amazon


#1 – The Intelligent Investor. (Revised Edition)

This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions… The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.



#2 – Stock Investing For Dummies (Business & Personal Finance)

Grow your stock investments in today’s changing environment. Updated with new and revised material to reflect the current market, this new edition of Stock Investing For Dummies gives you proven strategies for selecting and managing profitable investments. no matter what the conditions. You’ll find out how to navigate the new economic landscape and choose the right stock for different situations—with real-world examples that show you how to maximize your portfolio.

The economic and global events affecting stock investors have been dramatic and present new challenges and opportunities for investors and money managers at every level. With the help of this guide, you’ll quickly and easily navigate an ever-changing stock market with plain-English tips and information on ETFs, new rules, exchanges, and investment vehicles, as well as the latest information on the European debt crisis.

Incorporate stocks into your investment portfolio
> Understand and capitalize on current market conditions
> Balance risk and reward
> Explore new investment opportunities
Stock Investing For Dummies is essential reading for anyone looking for trusted, comprehensive guidance to ensure their investments grow.



#3 – Encyclopedia of Chart Patterns

In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events — such as quarterly earnings announcements, retail sales, stock upgrades and downgrades — that shape today?s trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you’re a technical investor or trader. “The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are. A must-read for anyone that’s ever looked at a chart and wondered what was happening.”
— Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading.



#4 – How to Make Money in Stocks

Anyone can learn to invest wisely with this bestselling investment system!… Through every type of market, William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System―a proven 7-step process for minimizing risk and maximizing gains―has influenced generations of investors.

Based on a major study of market winners from 1880 to 2009, this expanded edition gives you:

>Proven techniques for finding winning stocks before they make big price gains
>Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains
>100 new charts to help you spot today’s most profitable trends
>PLUS strategies to help you avoid the 21 most common investor mistakes!

“I dedicated the 2004 Stock Trader’s Almanac to Bill O’Neil: ‘His foresight, innovation, and disciplined approach to stock market investing will influence investors and traders for generations to come.’”
―Yale Hirsch, publisher and editor, Stock Trader’s Almanac and author of Let’s Change the World Inc.

“Investor’s Business Daily has provided a quarter-century of great financial journalism and investing strategies.”
―David Callaway, editor-in-chief, MarketWatch

“How to Make Money in Stocks is a classic. Any investor serious about making money in the market ought to read it.”
―Larry Kudlow, host, CNBC’s “The Kudlow Report”.



#5 – How to Day Trade for a Living

Very few careers can offer you the freedom, flexibility and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. Day trading is not gambling or an online poker game. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere… This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. It’s concise. It’s practical. It’s written for everyone. You can learn how to beat Wall Street at its own game.



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Stocks To Buy Today {2020}

Soon, 2019 will be over… therefore it’s time to start looking at some of the top stocks to buy for 2020.


⇑⇓ Today’s Stock Market Quotes ⇓⇑


United Technologies (UTX). Following a strategic review, the company decided it would spin off its Otis elevator and Carrier heating/air conditioning businesses. Once the transactions are completed (expected sometime during the first half of 2020, UTX is expected to complete its merger with Raytheon. )

Cowen analyst Cai von Rumohr recently lauded higher margins at United Technologies’ Pratt and Otis subsidiaries, and also cited proposed synergies from the Raytheon merger as reasons behind his Outperform rating on UTX. He also bumped up his price target, from $150 per share to $169, implying 18% upside from current prices.

Other reasons for investor optimism? During its most recent quarter, United Technologies reported an earnings beat thanks to strength in its Collins Aerospace Systems and Pratt & Whitney aerospace segments. Management also lifted its expectations for full-year 2019 earnings per share, to a range of $8.05 to $8.15.

UTX has received six Buy ratings versus just one Hold over the past three months, with the three most recent price targets coming in above the Street average.



Intuitive Surgical (ISRG) has been one of the health-care sector’s best performers over the past five-, 10- and 15-year periods, generating average annualized total returns of 26.6%, 19.7%, and 30.1%, respectively, through Nov. 14. It’s a different story in 2019, with Intuitive Surgical’s stock trailing both its medical-device peers and the U.S. stock market as a whole.

Like UnitedHealth, Medicare for All could be weighing down ISRG as investors contemplate whether hospital spending cuts will reduce the number of da Vinci robotic systems bought as a result of any changes to the current health-care system.

Nonetheless, the number of Intuitive Surgical procedures performed globally continues to grow. In the third quarter, worldwide da Vinci procedures increased by almost 20% year-over-year. And ISRG shipped 275 da Vinci systems during the quarter – 19% higher than a year earlier.

As a result of its strong third-quarter results, Morgan Stanley analyst David Lewis reiterated his Overweight rating (equivalent of Buy), writing, “Phase 1 is still driving significant growth, the company is just scratching the surface on Phase 2, and it is building the foundation for Phase 3.” Piper Jaffray’s Adam Maeder (Overweight) says he expects Intuitive Surgical will remain the “clear cut leader” in robo-assisted surgery.



Takeda Pharmaceuticals (TAK) reported strong second-quarter earnings at the end of October that demonstrated its 14 global brands have plenty of growth ahead of them. But perhaps the reason TAK belongs among the best health-care stocks to buy in 2020 is its January 2019 acquisition of Shire Pharmaceuticals.

The $62 billion deal made Takeda one of the 10 largest pharmaceutical companies in the world with annual revenues of more than $30 billion. As a result, the combined company now boasts solutions for oncology, gastroenterology, neuroscience, rare diseases, plasma-derived therapies and vaccines. More importantly, the pharma giant gains geographic diversification.

During the first half of fiscal 2019, a six-month period ended Sept. 30, Takeda’s Japanese business accounted for just 18% of its $15.3 billion in revenue. A year earlier, its Japanese business accounted for 31% of its overall sales. Revenues from its U.S., European, Canadian, and Latin American regions all doubled through the end of the second quarter.

Takeda said at the time of the acquisition that it expected to gain $1.4 billion in annual cost synergies by January 2022. It planned to use those gains to pay down some of the debt incurred to buy Shire. In the company’s first-half results, it noted that it paid down $5.4 billion in debt. Meanwhile, net debt at the end of September was 3.9 times adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), down from 4.7x at the end of December.



Realty Income (O) is, hands down, one of the single best long-term income investments in the history of the U.S. stock market. Since going public in 1994, the REIT has grown its dividend at a 4.5% annual clip. It also has made 592 consecutive monthly dividend payments and has raised its dividend for 88 consecutive quarters.

But it’s more than just an income machine, Realty Income has managed to deliver compound annual average total returns of 16.8% per year… if you’re looking for a stable, long-term monthly dividend payer that won’t give you any drama, O shares are a solid choice. Indeed, Realty Income is probably the closest thing to a bond you’re ever going to find in the stock market.



Chevron (CVX). Stable oil prices and cost savings are projected to help Chevron put up strong share-price gains in 2020.

The integrated oil giant, with operations in natural gas and geothermal energy, was forced to slash spending in the wake of the 2014 oil-price rout. But the strategy is paying off in today’s steadier environment. Analysts forecast shares to hit $135.04 about 12 months from now, giving Chevron’s stock implied upside of nearly 12%.

“CVX has an attractive global asset base with the potential for solid production growth and best-in-class cash margins versus global integrated peers,” says JPMorgan analyst Phil Gresh, who rates the stock at Overweight and has a $139 price target.

A dividend yield of almost 4% will add juice to Chevron’s outperformance. With more than three decades of uninterrupted dividend growth under its belt, this Dow Jones stock has a track record that instills confidence. Chevron’s most recent hike came in January, when the company boosted its quarterly payout by more than 6% to $1.19 per share.



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How To Start Trading Today


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How To Start Trading Online

Stock markets attract speculative capital, with most throwing money at securities without understanding why prices move higher or lower. Instead, they chase hot tips, make binary bets and sit at the feet of gurus, letting them make buy and sell decisions that make no sense. A better path is to learn how to trade the markets with skill and authority.


you can embark on learning trading, starting with these five basic steps


1. Open a Trading Account

( Sorry if it seems we’re stating the obvious. ) Find a good online stock broker and open a stock brokerage account. Even if you already have a personal account, it’s not a bad idea to keep a professional trading account separate. Become familiar with the account interface and take advantage of the free trading tools and research offered exclusively to clients. A number of brokers offer virtual trading (more on that in step five).


2. Learn to Read: A Market Crash Course

Financial articles. Stock market books. Website tutorials. There’s a wealth of information out there, much of it inexpensive to tap. And don’t focus too narrowly on one single aspect of the trading. Instead, study everything market-wise, including ideas and concepts you don’t feel are particularly relevant at this time. Trading launches a journey that often winds up at a destination not anticipated at the starting line. Your broad and detailed market background will come in handy over and over again, even if you think you know exactly where you’re going right now.

Start to follow the market every day in your spare time. Get up early and read about overnight price action on foreign markets. (U.S. traders didn’t have to monitor global markets a couple of decades ago, but that’s all changed due to the rapid growth of electronic trading and derivative instruments that link equity, forex and bond markets around the world.)… News sites such as Google Finance serve as a great resource for new investors.


3. Learn to Analyze

Study the basics of technical analysis and look at price charts, thousands of them, in all time frames. You may think fundamental analysis offers a better path to profits because it tracks growth curves and revenue streams, but traders live and die by price action that diverges sharply from underlying fundamentals. Do not stop reading company spreadsheets, because they offer a trading edge over those who ignore them. However, they won’t help you survive your first year as a trader.

Your experience with charts and technical analysis now brings you into the magical realm of price prediction. Theoretically, securities can only go higher or lower, encouraging a long-side trade or a short sale. In reality, prices can do many other things, including chopping sideways for weeks at a time or whipsawing violently in both directions, shaking out buyers and sellers.


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The time horizon becomes extremely important at this juncture. Financial markets grind out trends and trading ranges with fractal properties that generate independent price movements at short-termintermediate-term and long-term intervals. This means a security or index can carve out a long-term uptrend, intermediate downtrend and a short-term trading range, all at the same time.

Rather than complicate prediction, most trading opportunities will unfold through interactions between these time intervals. Buying the dip offers a classic example, with traders jumping into a strong uptrend when it sells off in a lower period. The best way to examine this three-dimensional playing field is to look at each security in three time frames, starting with 60-minute, daily and weekly charts.


4. Practice Trading

It’s now time to get your feet wet without giving up your trading stake. Virtual trading, offers a perfect solution, allowing the neophyte to follow real-time market actions, making buying and selling decisions that form the outline of a theoretical performance record. It usually involves the use of a stock market simulator that has the look and feel of an actual stock exchange’s performance. Make lots of trades, using different holding periods and strategies, and then analyze the results for obvious flaws.

So, when do you make the switch and start trading with real money? There’s no perfect answer because simulated trading carries a flaw that’s likely to show up whenever you start to trade for real, even if your paper results look perfect. Traders need to co-exist peacefully with the twin emotions of greed and fear. Virtual trading doesn’t engage these emotions, which can only be experienced by actual profit and loss.


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5. Other Ways to Learn and Practice Trading

While experience is a fine teacher, don’t forget about additional education as you proceed on your trading career. Whether online or in person, classes can be beneficial, and you can find them at levels ranging from novice (with advice on how to analyze the aforementioned analytic charts, for example) to pro. More specialized seminars – often conducted by a professional trader – can provide valuable insight into the overall market and specific investment strategies; most focus on a specific type of asset, a particular aspect of the market, or a trading technique. Some may be academic, and others more like workshops in which you actively take positions, test out entry and exit strategies, and other exercises (often with a simulator).

Manage and Prosper… Once up and running with real money, you need to address position and risk management. Each position carries a holding period and technical parameters that favor profit and loss targets, requiring your timely exit when reached. Now consider the mental and logistical demands when you’re holding three to five positions at a time, with some moving in your favor while others charge in the opposite direction. Fortunately, there’s plenty of time to learn all aspects of trade management, as long as you don’t overwhelm yourself with too much information.

If you haven’t done so already, now is the time to start a daily journal that documents all of your trades, including the reasons for taking risk, as well as the holding periods and final profit or loss numbers. This diary of events and observations sets the foundation for a trading edge that will end your novice status and let you to take money out of the market on a consistent basis. Start your trading journey with a deep education on the financial markets, and then read charts and watch price actions, building strategies based on your observations. Test these strategies with FREE Demo Account, while analyzing results and making continuous adjustments. Then complete the first leg of your journey with monetary risk that forces you to address trade management and market psychology issues.


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How To Make Money In Online Stock Trading?

… Investing in the stock market can be a great way to have your money make money…  Stock trading is not a risk-free activity, and some losses are inevitable. However, with substantial research and investments in the right companies, stock trading can potentially be very profitable

Select a trading website Be sure that you are aware of any transaction fees or percentages that will be charged before you decide on a site to use. Be sure the service you use is reputable. Select a service that has amenities such as a mobile phone app, investor education and research tools, low transaction fees, easy to read data and 24/7 customer service. Create an account with one or more trading websites. You’re unlikely to need more than one, but you may want to start with two or more so that you can later narrow your choice to the site you like the best… Be sure to check out the minimum balance requirements for each site. Your budget may only allow you to create accounts on one or two sites. Starting with a particularly small amount, like $1,000, may limit you to certain trading platforms, as others have higher minimum balances.
Practice trading before you put real money in. Some websites such as Plus500 offer a virtual trading platform, where you can experiment for a while to assess your instincts without putting actual money in. Of course, you can’t make money this way!!… but you also can’t lose money… Trading in this manner will get you used to the methods and types of decisions you will be faced with when trading but overall is a poor representation of actual trading. In real trading, there will be a delay when buying and selling stocks, which may result in different prices than you were aiming for. Additionally, trading with virtual money will not prepare you for the stress of trading with your real money.
Choose reliable stocks. You have a lot of choices, but ultimately you want to buy stock from companies that dominate their niche, offer something that people consistently want, have a recognizable brand, and have a good business model and a long history of success… Look into a company’s public financial reports to evaluate how profitable they are. A more profitable company usually means a more profitable stock. You can find complete financial information about any publicly traded company by visiting their website and locating their most recent annual report… Look at the company’s worst quarter on record and decide if the risk of repeating that quarter is worth the potential for profit.  Research the company’s leadership, operating costs, and debt. Analyze their balance sheet and income statement and determine if they are profitable or have a good chance to be in the future.
Compare the stock history of a specific company to the performance of its peer companies. If all technology stocks were down at one point, evaluating them relative to each other rather than to the entire market can tell you which company has been on top of its industry consistently. Listen to a company’s earnings conference calls. First analyze the company’s quarterly earnings release that is posted online as a press release about an hour before the call.

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Buy your first stocks. When you are ready, take the plunge and buy a small number of reliable stocks. The exact number will depend on your budget, but shoot for at least two… Companies that are well-known and have established trading histories and good reputations are generally the most stable stocks and a good place to start.

Begin trading small and use an amount of cash you are prepared to lose… It is reasonable for an investor to begin trading with as little as $1,000. You just have to be careful to avoid large transaction fees, as these can easily eat up your gains when you have a small account balance. Monitor the markets daily. Remember the cardinal rule in stock trading is to buy low and sell high. If your stock value has increased significantly, you may want to evaluate whether you should sell the stock and reinvest the profits in other stocks.

Consider also investing in mutual funds. Mutual funds are actively managed by a professional fund manager and include a combination of stocks. These will be diversified with investments in such sectors as technology, retail, financial, energy or foreign companies.


How To Start Commodity Trading

Trading commodities online is a relatively simple process, but it is not an activity that you should pursue without doing lots of homework. The traditional method of calling a commodity broker to place orders and waiting for a call back to give you a filled order price is less efficient than online trading. Therefore, if you want to trade commodities online, there are some important factors to keep in mind.
Choosing a Commodity Broker… The first job is to pick a commodity broker. Almost all commodity brokers offer online trading, but there are some that specialize in online trading. Plus500 offers one such platform. Plus500 offers a versatile trading platform when it comes to charts, quotes, strategy analysis, as well as order entry. Many other online brokers offer an excellent product, good service, and low commission rates.
Commodities Account Paperwork… Every commodity broker requires documentation to open an account. The forms require disclosure of financial information and identify the risks involved in trading commodities. Financial data is critical because commodities are highly leveraged assets. Not everyone who completes the account forms is suitable to open a commodities account. A broker may use discretion on whether a potential customer is an acceptable risk and is suited to trade commodities. Sufficient income, trading experience, and credit are critical elements of suitability.
Before You Start Trading Commodities Online… Once you select an online commodity broker, and you receive approval for trading, the next step is to fund the account. It is up to the individual as to the amount of funding or account size when you open an account. One’s comfort level and risk tolerance are important considerations when funding an account.Before you start trading with real money, it is important to develop a well-researched trading plan. Many commodity brokers offer simulations to practice with before you put capital to work. Training and simulations will familiarize you with placing orders and could save the prospective trader from making critical order entry errors while helping with the development of a coherent and efficient plan for approaching markets.

Keep in mind that before you begin trading commodities online, choose your trades wisely and avoid overtrading. If you find yourself placing many trades, and the results are not profitable, it is likely that you are overtrading. One of the greatest downfalls of many commodity traders is not being selective and doing too many trades.​

More Advice for the New Online Commodities Trader… As with any new venture, you must do your homework and understand the ins and outs of the markets you decide to trade. When it comes to commodities, there are so many important factors to consider. First, remember that futures and options markets are derivatives of the actual market for the physical delivery of the commodity in question.

Therefore, it is important to learn all you can about the underlying supply and demand fundamentals for that asset. There is a wealth of information available for free from the commodity exchanges as well as from a variety of trade organizations and government agencies that supply commodity data free of charge. In the energy markets, the API and EIA are excellent sources of information. In grains, soft commodity, and animal protein markets, the U.S. Department of Agriculture issues weekly and monthly reports that include invaluable data and analysis.

Understanding commodities will require particular attention to supply and demand or fundamental analysis. At the same time, the futures and options markets in commodities are laden with risk. There is a tremendous amount of leverage in these instruments. While the opportunity exists to make huge gains, where there is the potential for rewards there are also commensurate risks.

Trading futures requires a good-faith deposit or margin. In many cases a trader, speculator, or investor can control vast amounts of a commodity and bet that the price is going higher or lower with a 5–10% margin deposit or less. However, given the gearing of these contracts and the volatility of the markets, margin calls requiring additional capital are likely. When it comes to options, buyers have time value risk, and sellers act as insurance companies, they risk a lot for small potential profits.

Exercise caution in the commodity markets, do your homework, and approach these volatile instruments with care and trepidation. While fortunes can come from commodities trading, the potential for losses is just as great. Online trading has increased the speed and efficiency of executionRemember to approach online trading as a business with discipline and be precise.

The most successful traders are masters of efficiency. Mastering online trading requires a level of expertise that comes from hard work and study. Most online trading platforms have many resources for their customers. Make sure you use all of the information that is at your disposal. The platforms want you to succeed because a successful customer is one who will be in the markets and trading for the long haul.


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How to Deal With a Stock Market Correction?

Stock market corrections are scary but normal. In fact, they’re a sign of a healthy market in most cases. A stock market correction is usually defined as a drop in stock prices of 10 percent or greater from their most recent peak. If prices drop by 20 percent or more, it is then called a bear market.
Frequency of Market Corrections… Stock market corrections occur, on average, about every 8 to 12 months and, on average, last about 54 days. According to Fidelity (as of May 2010) since 1926, there have been 20 stock market corrections during bull markets, meaning 20 times the market declined 10% but did not subsequently fall into bear market territory.
How to Deal With a Stock Market Correction… First, resist the urge to “time the market.” Although it’s possible to make some short-term money trading the ups and downs of the marke