Good morning.
Now here’s the rest of the news:
April 29, 2022
Good morning.
Technically, it takes two consecutive quarters of negative GDP growth to constitute an official recession. But yesterday’s -1.4 percent GDP number showed that the economy is in serious trouble. And that only counts what’s happened in the first three months of the year.
Adding in ongoing high energy prices, as well as the recent increase in delayed shipping out of China, it’s clear that we’re on track for a recession when the Q2 data comes out. Even if the number is positive, it’s not taking into account inflation rates. After all, US GDP grew at an above-average 5.7 percent in 2021. But the latest inflation data, closing in on 9 percent, has more than eaten up those gains.
While the market has already sold off heavily, investors will really need to be picky about what stocks to buy and go long in this environment. For long-term investors, it’s also a chance to focus on dividend and dividend-growth companies, and using tools like covered call writing to enhance returns here.
Now here’s the rest of the news:
Realtor.com Warns Of Incoming 2008-Like Massacre
Heading into 2022, real estate research firms forecasted that the ongoing housing boom would lose some steam and home price growth would decelerate. It hasn’t come to fruition — yet. Actually, if anything, this year it has gotten a bit… [Read Here]
April 29, 2021
Last year, today!
April 29, 2020
Good morning.
There is some excitement in the air right now as people look forward to May 1 for the potential to do some things that they haven’t done for a while, like sit down in a restaurant.
I know, not every state is taking the same approach, but it was great to see civil disobedience at the California beaches over the weekend. I can only hope to visit one soon!
April 29, 2019
(nil)
