With “sell in May and go away” on my mind and, no doubt, on the minds of other subscribers to our Switzer Report, if you want to sell something, here’s what’s on my short list.
We have a fear versus fear versus fear show going on in that great market determinator called Wall Street, with stocks up overnight big time, despite the latest jobs report coming in better than expected!
Here’s my surprising one quality company to buy now, if you’re game!
Let’s start with what Wall Street did this week and overnight, as this will have a big bearing on what happens on Monday on our market. The news is positive, with all the most-watched indexes up on Friday, and the VIX (or fear index) is on the slide to a low 16.31 reading.
Here’s my surprising one quality company to buy now, if you’re game!
It has been a losing week for stocks and Wall Street only just defied this trend at the close on Friday. Part of the negativity is the uninspiring profit story coming out of US reporting season, but who really should be surprised about that, with the Fed turning the thumbscrews on the economy with its aggressive interest rate strategy?
With inflation falling, the optimism for a stocks’ rebound is being questioned because data is suggesting a recession is looming. Are these recession fears well-founded?
It was a positive week for US and local stocks with the S&P500 up 1.28%, while we added 1.72% with the S&P/ASX 200. Friday brought a bit of negativity but there were some pluses that could be added to the improving inflation story.
Who you are as an investor will determine what you do in coming months with your money and investments. And playing the short game will be harder than being a long-term investor.
Despite the fact that the big three US market indexes ended in positive territory overnight, this is the big question for investors right now: just how bad is this banking crisis?
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