By Matt McCallSep 04, 2020
Labor Day Weekend is always an important time for the market. Wall Street returns to work, trading volume picks up, and everyone starts looking ahead to the election, the holidays, and 2021.
But this year’s long weekend is even more important than usual. After the market’s action the last couple of days, we’re at one of those crucial times that separate the successful investors from the unsuccessful ones.
Stocks hit new all-time highs on Wednesday before suffering their worst two-day pullback in months. And the media is only fueling the fire.
The headlines might have you in a panic. But I’m here to tell you the truth.
In today’s new episode of MoneyLine, I show you what’s really behind the market action. You’ll see a whole new side to the story – and be able to enjoy your three-day weekend much better.
We’ll also take a look at this morning’s August jobs number. The report was impressive. However, continued strength could lead to a delay in further stimulus. And that could be a reason for short-term selling.
But you know what I always say about healthy pullbacks…
With the weakness in stocks also came weakness in cryptocurrencies. The two don’t always correlate, but they did this time. Bitcoin and some of my favorite altcoins took a hit, but all that’s done is create a great long-term buying opportunity. We’ll talk more about the huge opportunity in cryptos in tomorrow’s MoneyWire article, so stay tuned!
And in the meantime, if you’re interested in taking advantage of the selling, click here to learn more about my Ultimate Crypto newsletter. The 11 coins our portfolio have pulled back with their peers, but they won’t stay that way for long.
Then I take a look at one of the hottest sectors this year – telemedicine and digital healthcare. I analyze a new ETF that focuses on the niche sector and highlight a few of its top stocks. If you’re a longtime reader of MoneyWire, you won’t be surprised to learn that I DO NOT recommend buying the ETF. Instead, I have a better strategy that yields far greater returns.
And then the real fun starts. Right before I recorded today’s podcast, I asked my Twitter followers what stocks they wanted me to cover. I got a ton of great responses (as usual), so I chose the first 10 that came in to analyze live on air.
Those 10 stocks include a biotech that I happen to love… a play on CBD… Tesla (TSLA)… an artificial intelligence-related healthcare company… two strong semiconductors… and more!
Tune in for today’s action-packed show now. Then sit back and enjoy your long holiday weekend.
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