666 Is Never A Great Combination
After such a fruitful run these last few years, today Wall Street is hit deep. A reminder that the markets possess a high volatility. And it's back with a vengeance. It's only been 8 other times that the Dow has hit below 600 at 665 about 2.5% at close. This is the steepest decline since 2008. Even the European markets are fairing the sting.
As a stronger than expected jobs report added 200,000 manufacturing jobs equaling a $0.09 or 2.5% wage growth. Was it the fear of interest rates hikes that sparks the sell-off. Or just a panic? Moving forward, what does this mean now?
Just off the heels of President Trump's State of the Union where the Commander In Chief proclaimed 2.4 million jobs added, jobless claims at a 45 year low, the Dow Jones roars 25% last year. Analysts believe that the tax cuts and deregulations contributed to corporate profits, employee bonuses and rising stock prices.
This is all great news for everyone across the board in the financial world. So why then did the markets react as they did? Is this a sign of something positive or an inkling of a much more volatile market in the days ahead.
The possible worry could have been if the Federal Reserve decided to rise rates. Which would have a rippling effect within the financial industry.
Federal Reserve "Fed" for short, is an U.S. financial institution who job is primarily responsible for the upkeep of our banking system. It can dispense trillions of dollar into the economy to stimulate growth and employment.
The fed regulate the base interest rate that banks can lend funds to another bank. All other banks rates are adjusted around this set figure. Higher rates means less loans, because more interest in being paid on the money they already have in the banks.
They first raise the rates they charge large corporation better known as prime-rates. Next, mortgages and credit cards are rated against the prime. Then , small business and personal loans are affected. And that folks, is how they run our money.
Decentralized Banking?
Makes you think a little about why all the fuss over altcoins & cryptocurrencies.
Makes you go uhmm.........
Yes, even the digital currency has taken on their fair share of onslaught this week. All major cryptocurrencies are in a back paddling mode.
As always, best bet is to hodl, cryptocurrency should have been brought with the intention of a long-term investment. If you must sell, do 30% and re-invest into another altcoin.
Always do your due diligence and seek professionals in that field.
Top 10 Marijuana/Cannabis Stock
ACBFF - Aurora Cannabis Inc -17.84%
GWPH - GW Pharma PLC -1.77%PRMCF - Cronos Group Inc -15.19%
TWMJF - Canopy Growth Corp -13.59%
CBDS - Cannabis Sativa Inc -7.09%
THCBF - THC Biomed Intl Ltd -22.36%
APHQF - Aphria Inc -12.13%
SMG - Scotts Miracle-Gro - 0.24%
MEDFF - MedReleaf Corp -12.31%
CNTTF - CannTrust Holdings -10.73%
STOCK MARKET
ETFs To Watch (Cannabis related):
- American Growth Fund Series Two Class E (AMREX) $4.57 -0.20 4.19%
- Cronos Group Inc. (PRMCF) $5.51 -0.99 15.19%
- ETFMG Alternative Harvest ETF (MJX) $30.42 -2.49 7.57%
- Horizons Medical Marijuana Life Sciences (HMMJ) $16.45 -1.83 10.01%
- AdvisorShares Vice ETF (ACT) $26.22 +0.40 1.50%
02/03/2018 Market Summary
Dow Jones @ $25,520.96 (-665.75 2.54%)
Nasdaq @ $7,240.95 (-144.92 1.96%)
S&P 500 @ $2,762.13 (-59.85 2.12%)
*In the CRYPTO world "HODL"* Sell some, Hold others!!!
- BTC Bitcoin - $8.896.43 -2.52% (24 hr.)
- BCH Bitcoin cash - $1,220.97 -5.62%
- ETH Ethereum - $991.05 -10.16%
- XRP Ripple - $0.896 -6.74%
- LTC Litecoin -$131.73 -7.26%
- NEO NEO - $121.21 -3.52%
- ADA Cardano - $0.396 -6.02%
Companies that I am researching in 2018. These are not recommendation as stated, yet, are companies within industries that I feel are worthy of potential gains
COMPANY | LAST | CHANGE | % |
---|---|---|---|
AMBA Ambarella Inc | $48.15 | -1.59 3.20% | |
ACBFF Aurora Cannabis Inc | $6.86 | -1.49 17.84% | |
AVAV AeroVironment Inc | $49.78 | -2.67 5.09% | |
EXEL Exelixis Inc | $30.22 | -0.44 1.44% | |
A Agilent Techn. Inc. | $71.25 | -1.62 2.21% | |
HIMX Himax Techn. Inc. | $8.60 | +0.23 2.75% | |
HTC HTC Corp | $70.60 | +0.10 0.14% | |
RIOT Riot Blockchain Inc | $12.16 | -0.14 1.14% | |
SIEB Siebert Financial Corp. | $8.68 | -0.32 3.56% | |
STM STMicroelectronics | $22.83 | -0.80 3.39% | |
ARE Alexandria Real Estate Equit | $124.12 | -1.16 0.93% | |
SYNA Synaptics Inc. | $41.20 | -1.33 3.13% | |
IBB iShare NASDAQ Biotech ETF | $112.14 | -1.84 1.61% | |
TWMJF Canopy Growth corp | $19.40 | -3.05 13.59% | |
KEYS Keysight Technologies | $46.38 | -0.81 1.72% | |
VFFIF Village Farms International | $5.75 | -0.68 10.62% | |
O A Orbital ATK Inc. | $131.86 | -0.14 0.11% | |
VRTHF Veritas Pharma | $0.45 | -0.03 6.03% | |
VTC Vertcoins | $3.22 | -1.82% | |
VUZI Vuzix Corp. | $8.45 | -0.25 2.87% |
COMPANY | LAST | CHANGE | % |
---|---|---|---|
Mattel Inc | $16.53 | +1.21 7.90% | |
Motorola Solutions Inc | $103.87 | +4.90 4.95% | |
Charter Comm Inc | $387.50 | +16.32 4.40% | |
XL Group Ltd | $38.25 | +1.46 3.97% | |
Edwards Lifesciences Corp | $131.83 | +4.70 3.70% | |
Freeport-McMoRan Inc | $17.97 | -1.48 7.61% | |
Fortune Brands Home & Sec. Inc | $64.90 | -4.93 7.06% | |
Clorox Co | $130.91 | -9.42 6.71% | |
Advanced Micro Devices Inc | $12.45 | -0.80 6.04% | |
CBS Corp | $55.40 | -3.53 5.99% | |
"LET's DO THIS"
Copyright © 2018 Andrew Hayes All Rights Reserved
DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on links.