Good morning.
One of the frustrations for traders today is the contradictory economic data that continues to come out. For instance, the latest Conference Board data showed that inflation expectations are coming down. That’s good news.
However, the labor market continues to remain strong, with the past month showing a modest increase in the ease to get a job. Some of that shift may be seasonal. But until the job market slows, it’s likely that we won’t see an end to the persistent inflation running rampant today.
The economy is often a mix of good and bad news. Investors should weigh those factors accordingly. The biggest factor is monetary policy. And as long as interest rates are rising, the stock market will likely continue to trend lower. Trade accordingly.
Now here’s the rest of the news:
Is It Time To Get Away From Stocks?
Is it time to get out of the stock market? It depends on the time frame of reference, of course. The market excels at throwing Bulls and Bears alike off the bus with counter-trend rallies and cliff-dives, so the short-term answer may be different from… [Read Here]
Wells Fargo Exposed: Their Financial Crimes Hurt Everyday Americans
Wells Fargo has been ordered to pay $3.7 billion by the Consumer Financial Protection Bureau (CFPB) for a variety of illegal activity, including wrongfully foreclosing on homes, illegally repossessing vehicles, incorrectly assessing… [Read Here]
December 22, 2021
Good morning.
The stock market is on track for another great year overall. We’ll know the final numbers in just over a week as the calendar rolls over. But as 2021 comes to a close, it’s the perfect time to remind investors looking to change their allocations in the new year about the dangers of following prior immediate winners.
Case in point? 2020’s Wall Street darling of choice, Cathie Wood. The ARK Investor founder has seen her flagship ETF drop about 24 percent this year, even as the tech-heavy Nasdaq has continued to rise higher. Wood claims that her plays are simply in value territory now, and that returns of 40 percent annually for the next few years are possible. But for those who started following her in 2020, 2021 has been a year of harsh lessons.
Now here’s the rest of the news:
President of Turkey Delivers A Deadly Blow To The U.S. Dollar
Turkey’s lira ended the session up over 20% on Monday after President Tayyip Erdogan introduced a series of steps that he said will ease the burden of the weakened currency on Turks, while vowing to press on with a new policy… [Read Here]
December 22, 2020
Good morning.
The week of Christmas through the end of the year is dubbed the “Santa Claus Rally.” It’s a time of good cheer, lightly rising markets, and even lighter volume as traders use up the last of their vacation days.
With another round of stimulus now coming out, as well as interest rates stuck at zero, it’s a rally likely to play out in the shortened trading of the holiday season. Yes, even a big selloff, like the one the market tried to pull first thing Monday morning, is likely one last humbug of 2020. Trade accordingly!
Now here’s the rest of the news:
December 22, 2019
Tom “Big Al” Schreiter is from Texas. I caught up with Tom recently and he shared, among some Holiday Networking Tips, The TEXAS FOOD PYRAMID… First the food guide … and then … the training.
Simple questions.
What phrases could we use to make our prospecting conversations easier? After we mention our benefit, we could say:
- “Would you like to know more?”
- “Would you like to know how I am doing it?”
- “Would you like to hear how they did it?”
Our bonus for using these phrases early in our conversations?
When prospects say they want to know more, they make a “yes” decision.
Prospects know if they want something … or not.
Here are two examples.
- “I can now retire ten years earlier. Would you like to know how I am doing it?”
- “I paid off all of my credit cards. Would you like to know howl did it?”
This question makes it easy.
Try asking this question at the appropriate time:
“So if you don’t start a part-time business, then what will happen?”
This gives our prospects a chance to think of all the bad things that will happen if they don’t get some extra money in the near future. Once they see this grim picture, they become more open-minded about our opportunity.
Instead of looking for reasons why our business won’t work, they start looking for reasons our business will work for them. 😉
