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10-OCTOBER 31-2023

Good morning.  It’s an incredibly busy week, meaning investors will likely see plenty of volatility.  First, many central banks are holding meetings, which could lead to changing interest rates, including the Fed on Wednesday.  Payroll data later in the week will give a sign as to the health of the job market. And about 20 percent of S&P 500 stocks are reporting.
While markets moved higher on Monday, stocks remain at or in correction territory, down 10 percent or more from their summer highs.  If the news this week points to a cooling job market or if interest rates hold steady, stocks could start to show some strength going into the end of the year.
This week, traders should have plenty of opportunities in individual stocks, particularly going short those missing earnings, while waiting for the market to determine its next trend.

Now here’s the rest of the news:

The Best Recession Indicator Is Not What You Think
After all of the economic craziness we’ve been enduring over the last 3 years, you might have a weird feeling in the pit of your… [Read Here]

The Next Bank Failure Could Be Soon – Is Your Money Safe?
Seven months ago, several high-profile banks failed.  And that was the end of it, right? Not quite – based on the numbers, the entire U.S. banking system is actually… [Read Here]

October 31, 2022

HybridGood morning.
The latest data shows that wages are rising.  That’s good.  However, they’re not rising faster than inflation.  So even with 5 percent wage growth, 8 percent inflation is resulting in a 3 percent loss of purchasing power.  That trend is also showing up with the savings rate.  It soared during the pandemic amid lockdowns, uncertainty, and stimulus checks.  But it’s now trending back near record lows.
If consumers have to keep eating into savings to maintain their lifestyles now, when the savings run out, expect a drop in spending.  With consumer spending being a massive percentage of the economy – about 70 percent – any major decline will likely lead to a full-blown recession, rather than the technical one we saw in the first two quarters of the year.
That will impact some stocks more than others.  And markets can rise in recessions, since the market tends to be forward looking.  For now, traders should be cautious, and look to get more optimistic about stocks after monetary policy stops tightening.

Now here’s the rest of the news:

October 31, 2021

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy!

Describing its maritime beauty!!!  Blue Rock fishing village in Nova Scotia, Canada.

Blue Rock fishing village in Nova Scotia, Canada

…near Lunenburg.

October 31, 2020

Not Too Late for a Kickbutt 2020 (10 strategies)

Kind of explains the year we've hadIf you want to make the next 12 months more successful, more profitable, and more productive than the last 12 months, these ten strategies are for you.
By the way, this list isn’t just for a new calendar year – you can revisit this list at any time and create a real turning point in your business if you’re willing to reboot, reinvigorate, and reimagine your business success.  Meaning – it is not too late – right here and right now – to turn around your results for Q4 of 2020.

Here’s the recipe for you:

  1. List the three most important objectives for your business over the next year.  These should be critical “big picture” accomplishments that will lead to profits and future achievement.
  2. For each objective listed above, identify your responsibility in achieving the objective.  WHAT will you do?  HOW will you do it?  WHEN will you do it?
  3. Be crystal clear in separating strategies (how and why items) from tactics (what and when items) and use “Verb-noun-date” format to create specific action steps and put them on your calendar.
  4. Don’t think of the year as a whole.  Break it down to monthly metrics and put quarterly goal-planning reviews on your calendar so you can adjust the dials on your plan, measure results, and take a strategic look at your marketing, sales, and business development activities every 90 days while keeping a close eye on results (profits, clients, projects, revenue) every 30 days.
  5. Don’t go it alone.  Remember, lone wolves starve to death.  Think of partners, allies, referral sources, influencers and mentors or coaches who can help you leapfrog over obstacles and who are a great supplement and complement to your own products and services.  Hire them, contact them and build (or grow) your relationship with them so you can collaborate more closely – starting right now.
  6. Write down a list of professional development goals for the next 12 months.  What do you want to learn, do, or become as a business owner?  Go to conferences?  Gain additional certifications or professional designations?  Speak more?  Get more articles published?  Be specific and put these activities on your calendar so you make sure they happen.
  7. Write down a list of personal goals for the next 12 months.  What do you want to accomplish for yourself and how would you like to grow personally?  Spend more time with your partner?  Stay connected with your kids as they grow up and/or pursue their college or post-college adventures.  Dig deeper into a special hobby or sport?  Drop 10 pounds?  Run a 5K?  More golf?  More vacation time?  Where?  When?  With whom?  Map it out to make it happen!
  8. Don’t get distracted.  Shiny object syndrome has a powerful pull on most entrepreneurs and business owners.  Stay focused on the big picture goals you set in Step 1 above – and then relentlessly ask yourself for every new idea, initiative or project, “Does this support one of my three goals?  If so, how?” And don’t let yourself off the hook as easily as you might have done in the past.  If it’s a no, it’s a no.  Metaphorically speaking, stop opening up hot dog stands in the parking lot and redouble your efforts to make your gourmet restaurant thrive!
  9. Live out of your calendar, not your inbox.  Plan your day – what MUST get done and WHEN?  Chunk your day down into blocks and assign specific tasks to those blocks – Phone calls, emails, client tasks, whatever it is YOU want to do that will move you closer to your GOALS.  Keep that calendar under your nose.  All day.  Make it your default screen.  Hide, minimize or (gasp) close your email until “check email” pops up on your calendar.
  10. Breathe.  Relax.  You got this.  Any time you’re creating an inflection point in your business, it can be scary.  You’re letting go of the old – letting go of what no longer works or what no longer serves you.  And you’re embracing the new – the untried, the uncomfortable, perhaps even what seems risky.  But the biggest risks of all are stagnation, arrogance, or complacency.

Remember: a bend in the road is never a dead end… unless you fail to turn.

October 31, 2019

micro-managingGood morning.
Economic uncertainty continue to be the name of the day.  October consumer confidence levels showed the lowest levels since March, and expectations came in at their weakest levels since January.
On the flip side, however, declining mortgage rates led to a 6.3% increase in home sales after a few months of slowing activity.  The gain is the largest since August 2015, over four years ago.  With this conflicting data in hand, it’s truly appropriate for today’s holiday.  Happy Halloween.

**  **  **
We'll miss her

Happy Halloween … and another Thankful Thursday!

Time to make sure your eCommerce Site is ready for Holiday Traffic.   Here are the 6 Ways:

    1. Make Major Changes Now
    2. Evaluate Your Site Speed
    3. Streamline the Checkout Process
    4. Optimize Your Mobile Experience
    5. Anticipate Potential Security Issues
    6. Beef Up Customer Support

It has been a wonderful October … we had a Federal Election here in Canada.  [Greta has left the Province.]

And DarrenDaily is back.

My Daily Activities are doing well … as I hope yours’ are:  😉

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Come From Aways, Do You?

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