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What to Make of Today’s Historic Rally

By Matt McCallMar 24, 2020


We’ve seen the worst, and today we saw the best.

The Dow posted its best day since… 1933! The historic rally came on the hopes of an imminent announcement regarding a massive stimulus package from the U.S. government. That led to the Dow surging 11.4% and gaining more than 2,100 points. It also hit its high of the day right near the close, which is usually a good sign.

I want to help you through this unusual time for stocks and make sure you’re positioned for what’s to come. One way I’ll do that is through additional podcasts to share my latest thinking and important information about what’s going on in the market.

A day like today warrants a special podcast. In today’s MoneyLine podcast, I discuss the rally and just how big a federal stimulus package could become before everything is said and done.

And I couldn’t help but talk about another headline that is not getting enough press. It’s a despicable statement by billionaire hedge fund manager Bill Ackman. Last week, he stoked enormous fear in the market and used the phrase “hell is coming.” This week, he made headlines by saying he has been an aggressive buyer the last 10 days. Are you kidding me?! You do not want to miss my thoughts on this.

Of course, the big reason for market volatility is the coronavirus. I’m constantly researching the latest news and research, and I have a few thoughts on when the virus might peak and when we might get back to normalcy.

I also have a winner to unveil. Last week, I asked listeners if they would rather buy Boeing (BA) or Disney (DIS). I reveal which stock won the vote… and who was right.

Even with today’s bounce in stocks, the biggest move higher in the last week has been in cryptocurrencies. Bitcoin and altcoins are once again rocking as an absolutely huge catalyst is less than two months away. You want to be up to speed on this, and I have my latest thoughts for you in today’s special MoneyLine.

Finally, I don’t know how long this bear market will last, but there are ways to invest in a bear market. We’ll talk about those… and why we sold one of my favorite stocks today! Well, sort of.

I hope you’ll click here to watch today’s MoneyLine now. Expect more podcasts from me in the coming days – along with important articles – as we get through this together and come out in better position than ever.

Matt McCall’s MoneyLine Podcast

Click here to listen to Matt McCall’s MoneyLine podcast! This week, Matt continues his coverage of the coronavirus and how it’s affecting the stock market. He discusses the highlights of the Crisis & Opportunity Investment Summit he held Tuesday evening and answers some big questions about where you should be looking for investment opportunities right now. He talks about a few stocks that are holding up better than most. And finallly, he shares his favorite sector for 2020.

You can subscribe to this podcast on iTunes, Stitcher, Spotify, or wherever you listen to podcasts.

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