DES MOINES, Iowa (AP) — Presidential candidate Elizabeth Warren has announced the endorsement of one of Iowa’s last two uncommitted Democratic elected officials, state Treasurer Michael Fitzgerald.
“She’s the one I think can address the biggest problems we have, and that is the hollowing out of the middle class,” Fitzgerald said in an interview with The Associated Press. “She’s clear, you understand her message, and I want her fighting for me and all of us.”
Fitzgerald was an early supporter of then-Sen. Barack Obama, who went on to win the presidency. Iowa Attorney General Tom Miller also supported Obama but is endorsing Montana Gov. Steve Bullock for 2020. Iowa’s last remaining uncommitted statewide elected Democrat is Auditor Rob Sand.
Asked what stood out about Warren in a field of Democrats often aligned on key issues, Fitzgerald declared that Warren “is a Democrat, she is a capitalist, and she wants to make our system work.” He said he’d do whatever the Warren campaign needed to help her win the caucuses.
Warren’s organization is seen as one of the strongest in Iowa, but compared with the other top-tier contenders in the field Warren has been relatively slow to roll out endorsements in the state. After a trickle of endorsement announcements, her first major haul of supporters in Iowa came out just last week, after her strong performance in the primary debate in Houston.
Fitzgerald marks Warren’s 25th Iowa endorsement and her sixth endorsement from an Iowa elected official. Full Story
Jimmy Carter says he couldn’t have managed presidency at 80
ATLANTA (AP) — Weeks shy of his 95th birthday, former President Jimmy Carter said he doesn’t believe he could have managed the most powerful office in the world at 80 years old.
Carter, who earlier this year became the longest-lived chief executive in American history, didn’t tie his comments to any of his fellow Democrats running for president in 2020, but two leading candidates, Joe Biden and Bernie Sanders, would turn 80 during their terms if elected. Full Story
Sri Lankan doctors strike over salary ‘injustice’
COLOMBO, Sri Lanka (AP) — Doctors at state-run hospitals across Sri Lanka began a 24-hour strike on Wednesday, demanding that the government resolve what they say is a salary “injustice.”
Two years ago, the government gave an unusually high salary increase to legal officers in the government sector, creating what Dr. Haritha Aluthge, secretary of the Government Medical Officers Association, called “a severe injustice to doctors and other professionals.” Full Story
Brexit news: The UK and EU “should not pretend to be negotiating” a Brexit deal if there are no new proposals on the table, the EU’s chief negotiator has said.
Michel Barnier said the UK telling the EU what it does not like about the current agreement was “not enough”.
He cast doubt on two ideas put forward by the UK – a single all-Ireland zone for agriculture and livestock and a Northern Irish veto over EU rules.
Boris Johnson has said there is a “landing zone” for an agreement.
He has said a deal is possible at a crucial summit of EU leaders on 17 October – although ministers have said they are reluctant to reveal the details of new proposals in advance for fear they will be “rubbished” by the EU.
Mr Johnson has insisted he will not accept a further delay beyond 31 October despite MPs passing a law requiring him to seek an extension if there is no deal by 19 October.
After meeting Mr Barnier and Mr Juncker in Luxembourg on Monday, Mr Johnson said the process of trying to get a deal on the terms of exit would be accelerated.
Briefing the European Parliament, Mr Juncker said the lunch had been “friendly and constructive” but there had been no progress on the main sticking point – the UK’s demand that the Northern Irish backstop should be removed from the current agreement. Full Story
Live facial recognition surveillance ‘must stop’
UK police and companies must stop using live facial recognition for public surveillance, politicians and campaigners have said.
The technology allows faces captured on CCTV to be checked in real time against watch lists, often compiled by police.
Privacy campaigners say it is inaccurate, intrusive and infringes on an individual’s right to privacy. Full Story
Inside Afghanistan’s ‘no-man’s land’
Earlier this year the UN released data showing that more civilians were killed by allies than insurgents in Afghanistan.
The BBC has gained incredibly rare access to Taliban-controlled territory, in Faryab province, to meet those civilians most at risk. Full Story
Israel election: Netanyahu and rival headed for deadlock
Unofficial results in Israel’s second election in five months suggest it is too close to call, Israeli media say.
Incumbent PM Benjamin Netanyahu’s party and that of his main challenger, Benny Gantz, are neck and neck with 32 seats each, the Kan public broadcaster says.
A prime minister needs to command a 61-seat majority in parliament. The smaller Yisrael Beiteinu party appears to hold the balance of power.
Official partial results are expected on Wednesday morning. Full Story
Trump Syria: WASHINGTON (AP) — President Donald Trump declared success in Syria and created a bumper-sticker moment to illustrate his campaign promise to put a stop to American involvement in “endless wars.”
But with his abrupt withdrawal from what he called “bloodstained sand,” the Republican president ceded American influence over a huge swath of the region to rivals and may have spun the Middle East into a new season of uncertainty.
In remarks at the White House, Trump made the case that American administrations before him wasted too much money and blood on sectarian and tribal fighting in which the U.S. had no place meddling.
“We have spent $8 trillion on wars in the Middle East, never really wanting to win those wars,” Trump said Wednesday. “But after all that money was spent, and all those lives lost, the young men and women, gravely wounded so many, the Middle East is less safe, less stable and less secure than before these conflicts began.”
But analysts and lawmakers said Trump declared victory for a crisis along the border of Turkey and Syria that was arguably of his own making, while underplaying the reality that he has strengthened the hand of Russia.
Critics also say the move will roll back advances made by U.S.-led forces in the fight against the Islamic State group. Full Story
Ukrainian leader felt Trump pressure before taking office
KYIV, Ukraine (AP) — More than two months before the phone call that launched the impeachment inquiry into President Donald Trump, Ukraine’s newly elected leader was already worried about pressure from the U.S. president to investigate his Democratic rival Joe Biden.
Volodymyr Zelenskiy gathered a small group of advisers on May 7 in Kyiv for a meeting that was supposed to be about his nation’s energy needs. Instead, the group spent most of the three-hour discussion talking about how to navigate the insistence from Trump and his personal lawyer Rudy Giuliani for a probe and how to avoid becoming entangled in the American elections, according to three people familiar with the details of the meeting. Full Story
The Latest: Police: 39 dead in UK truck were from China
LONDON (AP) — The Latest on the death of 39 people found in a truck container in southeastern England (all times local):
British police have confirmed that 39 people found dead in a container truck near an English port were Chinese citizens.
The Essex Police force says the dead found Wednesday in the southeastern city of Grays included 31 men and eight women. The force says one victim previously thought to be a teenager was a young adult woman.
The 25-year-old truck driver, who is from Northern Ireland, is being questioned on suspicion of attempted murder but has not been charged. Police in Northern Ireland have searched three properties there as they try to reconstruct the path of the truck and the victims’ final journey. Full Story
Francisco Franco ‘s remains of Spanish dictator are being moved from a vast mausoleum to a low-key grave, 44 years after his elaborate funeral.
Thursday’s long-awaited relocation fulfils a key pledge of the socialist government, which said Spain should not continue to glorify a fascist who ruled the country for nearly four decades.
His family unsuccessfully challenged the reburial in the courts.
The Franco era continues to haunt Spain, now a robust democracy.
Family members are present to witness the ceremony at the Valley of the Fallen, a national monument and basilica carved into a mountain about 50km (30 miles) from Madrid that was built in the Franco era.
The remains will be moved by helicopter.
Prime Minister Pedro Sánchez said the exhumation was “a great victory for dignity, memory, justice and reparation – and thus for Spanish democracy”.
Only a few people are being allowed to attend the event, which is taking place under high security. They include the justice minister, an expert in forensics, a priest and 22 descendants of Francisco Franco. Media are excluded but more than 200 journalists are near the site.
As part of the ceremony, a crane will need to lift a concrete slab weighing 1,500kg that covers the coffin. In total, the exhumation and re-burial will cost about €63,000 (£54,000; $70,000).
Inside Bosnia’s ‘nightmare’ camp for migrants trying to enter the EU
Aid agencies are warning of a humanitarian disaster in Bosnia, with people facing a winter without proper accommodation.
Bosnia is now a major route into the EU – 45,000 migrants have arrived in the country since the start of 2018. Full Story
Leonardo da Vinci five centuries on: Louvre in Paris opens long-awaited exhibition
It took more than a decade to prepare and was almost thwarted by a diplomatic row. Now, one of the world’s most expensive art exhibitions – to commemorate the 500th anniversary of Leonardo da Vinci’s death – is finally opening to the public.
The Louvre museum in Paris, home to Da Vinci’s Mona Lisa, opens its doors on Thursday to a display of more than 160 Renaissance-era paintings and drawings, some of which are on loan from Queen Elizabeth II and Bill and Melinda Gates. Full Story
What caused Black Monday: The stock market crash of 1987?
Monday October 19,1987, is known as Black Monday. On that day, stockbrokers in New York, London, Hong Kong, Berlin, Tokyo and just about any other city with an exchange stared at the figures running across their displays with a growing sense of dread. A financial strut had buckled and the strain brought world markets tumbling down.
In the United States, sell orders piled upon sell orders as the Dow shed value of nearly 22%. There had been talk of the U.S. entering a bear cycle – the bulls had been running since 1982 – but the markets gave very little warning to the then-new Federal Reserve Chairman Alan Greenspan. Greenspan hurried to slash interest rates and called upon banks to flood the system with liquidity. He had expected a drop in the value of the dollar due to an international tiff with the other G7 nations over the dollar’s value, but the seemingly worldwide financial meltdown came as an unpleasant surprise that Monday.
Exchanges also were busy trying to lock out program trading orders. The idea of using computer systems to engage in large-scale trading strategies was still relatively new to Wall Street and the consequences of a system capable of placing thousands of orders during a crash never had been tested. These computer programs automatically began to liquidate stocks as certain loss targets were hit, pushing prices lower. To the dismay of the exchanges, program trading led to a domino effect as the falling markets triggered more stop-loss orders. The frantic selling activated yet another round of stop-loss orders, which dragged markets into a downward spiral. Since the same programs also automatically turned off all buying, bids vanished all around the stock market at basically the same time. Full Story
The Crash of ’87, From the Wall Street Players Who Lived It
On Wall Street, when things decline, you tend to remember. When things decline a lot, you remember the date. Oct. 19, 1987, is one such example. The biggest single-day stock market collapse in history—a 23 percent drop—rendered once-trusted ideas useless and redefined the financial landscape for market professionals.
One of them was a rising Salomon Brothers bond salesman named Michael Lewis, who had yet to pen Liar’s Poker. “The markets in a panic are like a country during a coup, and seen in retrospect that is how they were that day,” he would later write of the chaos he witnessed. “One small group of people with its old, established way of looking at the world is hustled from its seat of power.”
Black Monday, as the day became known, is part of financial history’s fossil record, a divide between old and new markets. It was the first significant instance of computer-driven trading run amok. The nascent equity options market saw assumptions based on the Black-Scholes model overturned and replaced by a more complex world of volatility skews. And Federal Reserve Chairman Alan Greenspan, just two months on the job, got to glimpse a market panic and sell his first “Greenspan Put” under the U.S. equity market. Full Story
Remembering the worst day in Wall Street history
It was a day so terrible, it will forever be known as Black Monday.
On October 19, 1987, the stock market collapsed. The Dow plunged an astonishing 22.6%, the biggest one-day percentage loss in history. Even bigger than the 1929 stock market crash, just before the Great Depression.
Nothing since Black Monday has come close. Not the selloff after the September 11 terror attacks or the 2008 financial crisis.
On that day in 1987, as the cameras rolled on the frenzied floor of the New York Stock Exchange, prices on the ticker tumbled, the panic spread, and the crash worsened. By the closing bell, the Dow stood at 1,738.74, down 508 points. Full Story
Facing US ban, Huawei emerging as stronger tech competitor
SHENZHEN, China (AP) — Long before President Donald Trump threatened to cut off Huawei’s access to U.S. technology, the Chinese telecom equipment maker was pouring money into research that reduces its need for American suppliers.
Huawei’s founder says instead of crippling the company, the export curbs are making it a tougher competitor by forcing managers to focus resources on their most important products.
Little-known to Americans, Huawei Technologies Ltd. is the No. 2 smartphone brand worldwide and the biggest maker of switching gear at the heart of phone networks. Its equipment is used by 45 of the 50 biggest global phone carriers.
Huawei is a pioneer in the emerging field of next-generation, or 5G, telecoms. It promises not just faster internet but support for self-driving cars and other futuristic applications. That fuels Western security concerns and makes 5G politically sensitive. The U.S. claims the company might aid Chinese spying, though Huawei denies that and American officials have provided no evidence.
Huawei needs some American innovations, especially Google services used on Android phones, but industry experts say the company is increasingly self-sufficient after spending 485 billion yuan ($65 billion) on research and development over the past decade.
“They have a strategy to become completely independent from U.S. technology. And in many areas they have become independent,” said Bengt Nordstrom of North Stream, a research firm in Stockholm. Full Story
Protest likely to greet Trump fundraising trip in California
RIO RANCHO, N.M. (AP) — President Donald Trump is making a rare visit to California, a Democratic stronghold where he is expected to rake in millions of dollars during a series of fundraisers for his reelection effort that are almost certain to be met with jeering protests.
Trump has routinely mocked California over its liberal culture, policies and politics. His visit Tuesday and Wednesday signals that despite the state’s decidedly leftward swing in recent years there are still plenty of wealthy Republicans who support him. Full Story
Iran’s supreme leader: No talks with the US at any level
TEHRAN, Iran (AP) — Iran’s supreme leader announced on Tuesday that “there will be no talks with the U.S. at any level” — remarks apparently meant to end all speculation about a possible U.S.-Iran meeting between the two countries’ presidents at the U.N. later this month.
Iranian state TV quoted Ayatollah Ali Khamenei as saying this is the position of the entire leadership of the country and that “all officials in the Islamic Republic unanimously believe” this.
“There will be no talks with the U.S. at any level,” he said. Full Story
Trudeau news: Justin Trudeau’s Liberal Party has retained power in a narrow Canadian election win but he will now be prime minister of a minority government.
The Liberals are projected to win 157 seats, 13 short of a majority, and will find it harder to pass legislation in Mr Trudeau’s second term.
The opposition Conservatives are expected to win the popular vote but have not translated that into seats.
They are projected to take 121, up from the 95 they held before.
Although Monday night’s results saw a sharp decline in seats for the country’s left-leaning New Democratic Party (NDP), its leader, Jagmeet Singh, could become the kingmaker.
The NDP is projected to take 24 seats in the 338-seat parliament.
Quebec’s separatist party, the Bloc Québécois, which competes only in that province, fared much better. It is expected to take 32 seats, compared to the 10 it won in 2015.
Turnout is currently listed at 66%.
The federal election was seen as a referendum on Mr Trudeau, who had a bumpy first term, tainted by scandal.
Mr Trudeau told cheering supporters in Montreal that voters had “rejected division and negativity… and they rejected cuts and austerity and voted in favour of a progressive agenda and strong action on climate change”.
He said: “Thank you for having faith in us to move our country in the right direction.”
And to those who did not back him, he promised his party would govern for everyone. Full Story
The Kenyan ghost writers doing ‘lazy’ Western students’ work
University students in Europe and the US are paying Kenyans to do their academic work for them.
The global market for academic writing is estimated to be worth $1bn (£770m) annually.
For some, ghost-writing university essays for students who don’t have the time or desire to do them can be lucrative, especially in countries with high unemployment among young graduates. Full Story
The race to build a flying electric taxi
For any commuter the prospect of being whisked to and from work in a fraction of the time it usually takes is pretty irresistible.
No traffic jams, no train delays and no cold platforms – what’s not to love?
This is the promise of more than a hundred companies developing electric vertical take-off and landing (eVTOL) aircraft. Full Story
Boris Johnson: LONDON (AP) — British Prime Minister Boris Johnson was headed for a showdown Tuesday with lawmakers who want to put the brakes on his drive to push his European Union divorce bill through the House of Commons in just three days and take Britain out of the European Union by Oct. 31.
Johnson said that if Parliament imposes a longer timetable and “decides to delay everything until January or possibly longer,” he will withdraw the bill and call a vote on holding a snap general election.
“I will in no way allow months more of this,” said Johnson, who took power in July vowing that the U.K. will leave the EU on Oct. 31, come what may. His only hope of doing that is to pass the Brexit-implementing bill through Britain’s fractious Parliament before then.
Johnson’s announcement piles pressure on lawmakers as they consider whether to approve the government’s legislation, which would finally take Britain out of the EU — more than three years after voters opted to leave the bloc.
The bill faces two votes Tuesday, with lawmakers first being asked to approve it in principle, followed by a vote on the government’s schedule for debate and possible amendments.
Johnson said backing the bill would allow lawmakers to “turn the page and allow this Parliament and this country to begin to heal and unite.” Full Story
Iraq: American troops leaving Syria cannot stay in Iraq
BAGHDAD (AP) — U.S. troops leaving Syria and heading to neighboring Iraq do not have permission to stay in the country, Iraq’s military said Tuesday as American forces continued to pull out of northern Syria after Turkey’s invasion of the border region. Full Story
Russia, Turkey leaders hold talks on fate of Syria border
ANKARA, Turkey (AP) — The presidents of Turkey and Russia met in the Black Sea resort town of Sochi on Tuesday, hours before a five-day cease-fire between Turkish troops and Kurdish fighters in northeastern Syria was set to expire. Full Story
Tactical Investor Volatility Index Readings are Soaring
Stock Market Trends: Volatility Index readings have surged to new a high (as shown in the header image above), which means that extreme behaviour in all areas can be expected in and out of the markets. Additionally, we added new psychological data points to the V-Indicator and we suspect that this new high could correspond to a new development in the Coronavirus outbreak. Let’s hope it’s a positive one.
The ETF Trend Portfolio is our most conservative portfolio, so in the light of recent developments, one of which is that V-readings have soared to new highs, we are going to err on the side of caution. This is a dangerous development as over the past 12 months we added a new psychological component to this indicator, and this new high corresponds to the Coronavirus outbreak.
We are not in the “panic” generating business, so there is no need to panic, but this development could mean (operative word being “could”) that China is not telling the full story. The dangerous development is in regards to extreme market volatility; the market could shed several thousand points and then recoup these losses just as fast. Most traders are not prepared for this type of action, so when the market’s pullback strongly or appear to be crashing, they will throw the baby out with the bathwater and in doing so make a colossal mistake.
China Could be downplaying the situation
In all likelihood, China is releasing selective pieces of data, but in general, the world is used to this. However, what could trigger a sharp reaction from the markets is if this data proves to be damaging. There have been previous scares before and in each case, the markets sold off, but the sell-off proved to be a buying opportunity. The last sell-off was due to the Ebola virus scare back in Oct of 2018.
In the long run, this is not a negative development as the long term trend is still bullish, so if it comes to pass, we will have an opportunity to get into stocks and ETF’s at a discount. We have adjusted pending sell orders, stops and in some cases, cancelled pending orders on the following ETF’s. Bottom line while prudence is warranted, Panic is not; hence focus on the trend and ignore the noise.
Volatility Index readings are high but we are not going to follow the herd
Hence the statement below refers to several dangerous trends but not the ones that come straight to one’s mind:
This is a dangerous development as over the past 12 months we added a new psychological component to this indicator, and this new high corresponds to the Coronavirus outbreak. Interim Market Update Jan 31, 2020
We want to clarify what we mean by dangerous (in the above statement) as we don’t want anyone to falsely assume that we are embracing some of the wild conspiracy theories being put forward regarding this virus. We analysed the data thoroughly, especially the psychological data. We also looked at data evaluated by other level headed experts; many thanks to our subscribers for providing links to some of these experts, which once again solidifies our claim that we are fortunate enough to some have some of the best minds out there as part of our community. We have concluded that the Coronavirus issue is being blown out of proportion.
Weaponised news; A dangerous trend with no end in sight
The first trend is that news is going to be weaponised to the extreme to support whatever narrative a given group of individuals have decided to embrace or force on a subset of the crowd. Secondly, as V-readings have no surged to new highs, the market will experience more random bouts of extreme volatility and this should be embraced when the trend is positive.
Thirdly, violence (as in wars, crime, etc), wild weather patterns will be more prevalent going forward and extreme and we mean extremely stupid behaviour is going to be embraced. Lastly, polarisation levels are going to rise to such an extreme that we could reach a point where a simple disagreement set off something akin to a mini civil war.
Back to the Coronavirus issue:
In Asia, masks are selling out like hotcakes and we suspect many stocks that are in the vaccine creation field have experienced huge price increases. In other words, a group of companies are making out like bandits, while the masses being fleeced again. The data out there states that this virus has a mortality rate of 3% and no new data has come out refuting it.
Therefore we find it quite interesting that many financial experts with no background in medicine or psychology have gone out of their way to state that the situation is on the verge of becoming a pandemic. Too many experts believe in the deep state, while there is an apparatus that could be called the “deep state”, their understanding of this topic is limited at best.
The way these power brokers work is to indoctrinate people, so the players are willing participants or blind participants (blind as in being mentally blind and not physically blind) which boil down to the same thing. These individuals are used as cannon fodder; the objective is achieved by pandering to their wild fantasies. This objective is achieved by allow Gossip artists to masquerade as reporters. In the old days, they would be called fisherwoman.
As of now, we have found no objective data that backs the many claims non- experts are pushing regarding the Coronavirus and the only dangerous trends we see are the ones we have addressed above. Could the situation change? Yes, anything is possible, but history reveals that most naysayers are full of hot air as the world was supposed to have officially ended a long time ago
We had pandemics before so this is nothing new
As I am typing, people are dying all over the world. In the time it took me to type this sentence, more than 15 people died. Seventy-eight thousand people have died today, and the number will rise to 80,000 or more by the time you get this update. So far this year 9,500,000 people have died, and that number rises every second. One could state that death is a pandemic, but no one is screaming about that issue. Smoking-related and or Cancer-related deaths could be also classified as a pandemic as more than 16.6 million will die this year from both, and yet no one makes a big deal (9.6 million from cancer and seven million-plus from smoking).
To date, roughly 2860 people have died from the coronavirus, and suddenly it’s the new Black Death. To be clear, we are not making light of the situation, but so much attention is being given to this one agent when compared to other agents of death. Here is an interesting fact; there are twice as many new births as deaths on a global basis. Live data on world deaths, birth rates, coronavirus deaths, etc. can be obtained from here http://bit.ly/32wVaQA
High Volatility Index Readings: Use This To Your Advantage
There have been more than a dozen outbreaks since 1980 and with far deadlier outcomes in some instances, but if you look at the chart above, after a knee jerk reaction, the markets trended higher. Hence, the Tactical Investor saying; “every disaster leads to a hidden opportunity” and the only way to spot that opportunity is not to give in to panic. We envision a similar outcome for the coronavirus, the markets could still sell-off but that sell-off should be viewed through a bullish lens.
The mass mindset is hard wired to panic. One can overcome this shortfall by observing this behavior impartially and then ask this simple question “why am I doing something that has never led to a positive outcome”. Secondly, as we have advocated for years, one should maintain a trading journal and the best time to put pen to paper or fingers to a keyboard is when the markets are tanking. Make a note of the emotions that are swirling through your mind. Jot down some of the headlines the media is pushing out and observe the reactions from your fellowman. This information will prove to be priceless in the weeks, months, years and decades to come.
The markets are trading in the extremely overbought ranges on the weekly charts, and in theory, they should let out some steam, but the monthly charts, for now, are exerting more upward pressure than they normally do. It should be noted that the weekly charts also move relatively slowly, so there is still time for the markets to let out some steam.
Courtesy of Tactical Investor
What Will The Stock Market Return In 2020?
It’s the most wonderful time of the year — when investment gurus unveil their predictions for what the stock market will return in the coming year.
We expect investment experts to have crystal balls that allow them to see how the stock market is going to perform in the future. Of course, they don’t have crystal balls, and their predictions often aren’t helpful.
The problem with expert predictions of the stock market isn’t that they are wrong — which they often are — the future is uncertain, and we shouldn’t expect anyone to predict it. The problem is that investors often listen to these predictions and base investment decisions on them.
There are better ways to cope with the uncertainty of the 2020 market than listening to predictions. Before we get to those, let’s review what we can predict and what we cannot.
What We Can Predict
While the stock market follows a cycle but defies prediction, history can provide insight into what we might expect from the markets in any given year.
The histogram below displays the dispersion of returns on the S&P 500 since 1928:
As you can see, in about two-thirds of the years, the market is up and about one-third of the time it is down. The distribution is roughly a bell curve with a positive skew and a fat left tail (meaning large negative returns happen more often than a bell curve would predict). Full Story
The Top 15 Stocks to Buy in 2020
Heading into a new year, all investors want to know is what stocks they should be buying.
At the beginning of this year, I attempted to answer that question by compiling a portfolio of the top 15 stocks to buy for 2020. In mid-February, that portfolio of stocks was up a whopping 22% year-to-date.
Then, the novel coronavirus outbreak went global. Russia and Saudi Arabia started an all-out oil price war. Financial markets across the globe fell off a cliff. So did my portfolio of top stocks to buy for 2020.
But, I think now may be as good a time as any to double down on these top stocks. Coronavirus headwinds are fleeting. They will pass. Once they do, these long-term growth stocks will get back to winning.
In no particular order, the top 15 stocks to buy for 2020 in March are:
Luckin Coffee (NYSE:LK)
Beyond Meat (NASDAQ:BYND)
Canopy Growth (NYSE:CGC)
The Trade Desk (NASDAQ:TTD)
Stitch Fix (NASDAQ:SFIX)
Without further ado, then, let’s take a look where these top stocks to buy for 2020 are going next. Full Story
20 Predictions for the Stock Market in 2020
t’s a brand-new year, and boy, does 2020 have some big shoes to fill. Last year, we witnessed the benchmark S&P 500 (SNPINDEX:^GSPC) gallop higher by nearly 29%, which is quadruple the historic average annual return of the stock market, inclusive of dividend reinvestment and when adjusted for inflation.
The big question, of course, is what might the current year hold for the broader market and investors? The following 20 predictions for the stock market in 2020 may offer some insight.
1. There will be no recession in 2020
Probably the biggest question on investors’ minds is whether a recession is brewing. While that does look to be the case following a very brief inversion of the two-year and 10-year Treasury bonds in late August, data from Credit Suisse, dating back to 1978, shows that the average recession doesn’t pop up until 22 months after the inversion occurs. Similarly, stock market returns don’t turn negative until an average of 18 months after an inversion, putting the market on track to lose its steam during the first quarter of 2021 (assuming these averages hold true).
For the time being, the longest economic expansion in U.S. history looks poised to continue.
2. The stock market will have another positive year
Despite the stock market delivering returns that were well above the historic norms in 2019, this year should deliver more gains to investors. Full Story
If there was such a thing as a perfect food, eggs would be a contender. They’re readily available, easy to cook, affordable and packed with protein.
“The egg is meant to be something that has all the right ingredients to grow an organism, so obviously it’s very nutrient dense,” says Christopher Blesso, associate professor of nutritional science at the University of Connecticut in the US.
Eating eggs alongside other food can help our bodies absorb more vitamins, too. For example, one study found that adding an egg to salad can increase how much vitamin E we get from the salad.
But for decades, eating eggs has also been controversial due to their high cholesterol content – which some studies have linked to an increased risk of heart disease. One egg yolk contains around 185 milligrams of cholesterol, which is more than half of the 300mg daily amount of cholesterol that the US dietary guidelines recommended until recently.
Does that mean eggs, rather than an ideal food, might actually be doing us harm?
Cholesterol, a yellowish fat produced in our liver and intestines, can be found in every one of our body’s cells. We normally think of it as “bad”. But cholesterol is a crucial building block in our cell membranes. It also is needed for the body to make vitamin D, and the hormones testosterone and estrogen. Full Story
Israel election: Netanyahu in tough fight in this year’s second vote
Prime Minister Benjamin Netanyahu called the snap election after failing to form a governing coalition with a viable majority after April’s vote.
The final opinion polls put his right-wing Likud party neck and neck with its main challenger, the centrist Blue and White party led by former military chief Benny Gantz.
Smaller parties could therefore have a big say in the final outcome. Full Story
Hong Kong: Looking back at 100 days of protests
Hong Kong has been gripped by huge and at times violent protests since an extradition bill was proposed which would have made it possible for people in Hong Kong to be extradited to mainland China.
The unrest has seen millions of people pressure the government to withdraw the bill and call for full democracy. Full Story