Good morning. Last week was the best year for stocks of 2023. And it came just after the markets hit a six-month low and bearish sentiment soared. Earnings season generally came in strong, and investors were willing to buy stocks that had been beaten down heavily.
So where do we go from here? Seasonal trends suggest we rally, even if at a slower rate. Another trend is that following earnings, companies can resume share buyback programs. That should last into next January. Some companies leaned heavily into the market weakness in the third quarter, with PayPal (PYPL) buying up 2 percent of its outstanding shares as they slid to new multi-year lows.
Both traders and investors should be biased towards the market rising, although it likely won’t be as fast and furious as last week – and we’ll likely see a few more big down days this month.
Now here’s the rest of the news:
When Investors Sour On Risk, They Buy This
Gold is a hedge, a safe haven that’s always in demand when investor appetite sours on risk and the days ahead look dark and gloomy. These days, there are so many risks weighing… [Read Here]
November 06, 2022
Classic view of St. Johns harbour taken from Signal Hill,
November 06, 2021
Is Your Relationship A Ten?
Building and maintaining a great relationship with someone is an all-the-time endeavor.
The following simple process is one you can use for any relationship – personal, professional, coworker, boss, friend or business partner.
If we really care about a relationship, we have to regularly check on how we’re doing. We can’t depend upon the other party to always tell us what’s working and what’s not.
Here’s the sequence: Ask them. “On a scale of one to ten, how would you rate our relationship?” And then wait for the answer. If they’re slow to respond, you may want to jump into the silence. Resist that temptation.
If they rate your relationship anything less than ten, ask, “What would it take to make it a ten?” Again, it’s worth the wait for answers that will give you important insight into what the other person wants and needs.
Assumptions can wound or even kill the best of relationships. These simple questions can keep assumptions from hurting your relationship and help you develop a deeper, more fulfilling one.
It may seem uncomfortable at first, but it gets easier. It’s often a conversation that will continue over several sessions. It’s a great springboard for some in-depth discussions, so get ready for some breakthroughs.
“Personal relationships are the fertile soil from which all advancement, all success, all achievement in real life grows.” –Ben Stein
November 06, 2020
Not to be left out of the fun, the Federal Reserve also got to join in on the market rally this week. Yesterday, the central bank left its benchmark interest rate at zero percent. That was expected.
Federal Reserve Chairman Jerome Powell, stated that considerable risks remained, and that the economy was still lower than the start of the year. When questioned about the Fed’s capacity, Powell stated that it still had ample liquidity and was capable of supporting markets as needed. Shares would have moved up on that statement, if they still weren’t continuing their post-election bounce.
Now here’s the rest of the news:
Gold’s Price Coming Unstuck – “We are in that camp where ‘inflation is not transitory.’ We can see prices starting to go up. We see more permanent inflation down the road. That is recipe for higher gold prices.”
November 06, 2019
The U.S. trade deficit shrunk from $55 billion to $52.5 billion. While it may not sound like much, it’s the biggest drop in the deficit in over three years, and it’s a 6.5% improvement year-over-year.
But the real surprise? For the first time in 41 years (since 1978), the United States exported more oil than it imported, showing a trade surplus of $252 million for petroleum in September. That’s a huge shift, and a relief for anyone concerned about the dangers of being dependent on foreign oil. It’s also an achievement made possible by capitalism and technological developments like shale production.
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Have you ever beaten the odds? Have you ever worked on a project or puzzle until you solved it? Was there pain involved? What more can you tell me of the experience? No one likes to be questioned. But answering questions: make sense. Dollar and cents. Here’s Darren’s daily dose of questions…
We need to let people sell themselves.
For people to answer, they have to convince themselves about the benefits of our offer. To understand this better, here’s an example.
Us: “Why would you want an extra income for your family?”
Prospect: “By the time we pay the mortgage, both car payments, school fees, and our other monthly expenses, we end up in the negative. This puts us further into debt. We know an extra few dollars every month will fix this.”
By answering this question, our prospects “sell themselves” as we listen. Now when we present our solution, it will be easy. Our prospects are already thinking, “Please, show us your solution.”
Are you all ears? 😉