🔑 As Congress Looks to Pass a Stimulus Package, what is the ‘Golden” Lining for Stocks?

With all the talk of what we need to do to be good citizens and practice social distancing, it is disconcerting to see a stimulus package get shelved by Congress.

You're receiving this email because you are subscribed to Trading Tips, if you no longer wish to receive these emails you can unsubscribe here.

Good morning. With all the talk of what we need to do to be good citizens and practice social distancing, it is disconcerting to see a stimulus package get shelved by Congress. When you find out that the last-minute breakdown was over stuff that has nothing to do with providing relief, it makes it even more apparent that they have bigger political objectives than lessening the burden of coronavirus restrictions. The market didn't like the news either, which places even more pressure to get something done, and soon. This the time to suspend all pork and focus on what the economy really needs right now. Sponsored Content 25 Stocks You Should Sell Immediately America's #1 stock picker has been predicting winners, as well as losers, for more than a decade and today he's revealing his 25 stocks to sell now. MARKETS DOW 18,591.93 -3.04% S&P 2,2347.40 -2.93% NASDAQ 6,860.67 -0.27% *As of market close • Stocks fell 4.34%, as the failure to pass a stimulus package create late day selling. • Oil rallied 5.39%, as it stayed above $20 and indicates it may be oversold. • Gold rallied 5.13%, as the dollar fell with news the Federal Reserve has removed limits to its purchases. • Cryptocurrencies traded higher, as Bitcoin finished over 9.18% higher to close at $6375. Today's TOP TIPS 3 'Golden' Opportunities as the Fed Infinitely Expands its Balance Sheet Following COVID-19 Rout While Congress continues to hash out the details of a trillion-dollar-plus stimulus package, the Federal Reserve has stepped forward with their own package as Chairman Powell had his own "whatever it takes" moment. Any limits that were previously announced have been lifted. Their commitment, they will buy bonds "in the amounts needed to support smooth market functioning." It's in this environment that makes the current position of gold similar to 2008. » FULL STORY This Stock Has the Highest Numbers of Insiders Selling and It Will Surprise You What does it say when a company has its product thrust into the spotlight for the first time and the insiders start dumping shares of the company? Now, insiders aren't always the best at timing the market, but it does tell you a little bit about how much they believe in their product that they won't bet part of their fortune on their product gaining more mass adoption. Slack Technologies Inc (WORK) has been in the news a lot as the work-from-home trend, but its insiders are dumping shares. What does it mean? » FULL STORY COVID-19 Cancellations of the NBA and MLB Have Hit Hard, Option Traders Say It's Not Done It's been a couple weeks since the NBA and other professional sports cancelled their seasons. It wasn't just the players and the fans that were disappointed by the announcement, the sporting goods industry has been hit just as hard. While the impact on interest in licensed products would take an expected hit, the closure of stores delivered even larger blows to company's like Foot Locker Inc (FL) and others. Option traders are betting the full impact hasn't been fully felt. » FULL STORY IN OTHER NEWS • Tech lenders push for a piece of the coronavirus, small-business bailout • Dollar rampage may need intervention to shield U.S., global economy: Goldman Sachs • Live-streamed performances are surging among musicians during coronavirus crisis • Muni Market Support for Federal Reserve Intervention Grows • AT&T to Seek Larger $5 Billion Term Loan From Banks • 'Can't Even Give It Away': Gas at $1 Is Warning for Economy • Western supply chains buckle as coronavirus lockdowns spread • Crude extends fall with U.S. gasoline down 20% as global shutdowns sap demand • The Fed's Message: The Money-Printing Presses Are Fired Up and Ready to Go • U.S. credit spreads narrow after unprecedented Fed stimulus S&P 500 MOVERS TOP RCL 18.396% COTY 14.955% FLIR 13.519% ADS 12.595% HAS 12.492% BOTTOM M 20.1% KSS 17.413% HFC 16.248% VLO 15.623% LKQ 14.724% Quote of the Day If its price trajectory proves similar to 2008, we could see the precious metal's benefits resurging as market stress continues to assert itself - Catherine Doyle, Investment specialist at Newton Investment Management, quoted by Bloomberg Sponsored Content My car windows were smashed visiting USA's richest ZIP code Something remarkable happened when I recently visited America's richest ZIP code. It's far from Manhattan, Palm Beach, and Beverly Hills. But this place holds a secret that can make you enormous gains (I believe 1,000% or more) in the years to come. Learn more and see my photos here…   Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks   › Step #2 - Join Our Premium Advisories: The Next Superstock | Triple Digit Returns | Options Cash Cow   › Step #3 - Connect With The Community: Trading Tips Official Facebook Group   Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions. As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

This email was sent to phanhoa1821960.trader@blogger.com by editor@tradingtips.com TradingTips.com | 3435 Ocean Park Blvd. Suite 107-334 Santa Monica, CA 90405 Manage Subscriptions | report SPAM