Wow! Black Friday 2021 saw the worst stock sell-off ever! It came after the announcement of a new COVID variant that is supposedly sweeping the globe. But here are the facts most people don’t know about the stock market on Black Friday. It’s only open half of the day and computers are running the show based on algorithms. That means what you SEE happening in the market on that day isn’t a clear indication of what’s really happening. Everybody who knows what’s going on is out shopping and dealing with their turkey hangovers instead of working. We’ve got an assessment of the situation and some clear steps for you to take at year-end to move your wealth plan forward. It’s all on this episode.
You will want to hear this episode if you are interested in...We’re all hearing that the announcement of the new COVID variant is what caused the sell-off on Black Friday, and sure, it has some influence on what happened. But in reality, here’s what history teaches us. Earnings seasons push a bull market forward and we were due for a pull-back anyway. When people are bullish the market tends to sell-off. But something else happens when people are bullish: the market goes up. The dynamics of our current economic situation haven’t changed, Our PMI numbers are good, consumer spending is good, and the economy appears to be going just as strong as it was before Black Friday. Betting against the market in a situation like this is not a good idea. People are going to figure out a way to thrive even when bad news comes.
This week on the tipping point: End of the year wealth factorsAs the end of the year approaches there are a handful of things savvy investors do to save their hard-earned cash.
See if you qualify for a complimentary financial review from the Paynes
Connect With Ryan, Bob, and ChrisSubscribe to Payne Points of Wealth
On Apple Podcasts, On Google Podcasts, On Spotify
Immaculate Disinflation? Ep. 142
Should you sell out of a sideways market? Ep. 141
Don’t invest with your emotions Ep. 140
Financial disagreements between spouses Ep#139
Market Correction: No, it’s not different this time. Ep. 138
Best earnings quarter in history? Ep#137
Important questions about Estate Planning with Marianna Moliver - Ep. 136
Are robots taking over? Ep. 135
Goldilocks jobs report? Episode 134
Will the Fed break the economy? Ep#133
Summer Sell-Off. Buying opportunity or recession warning? Ep#132
Back to the office? Is work from home ending or here to stay? With Eric Sigurdson
Creative destruction is real. Remember the BlackBerry?
What are you doing with your cash?
Big banks beat expectations
What’s really in your portfolio?
If you own the S&P 500 are you really diversified?
Cyber Fraud and Scams Investors Need to Watch Out For
Will technology help solve the labor shortage?
How the Forbes legacy began, to the Fed and AI – Our interview with Steve Forbes Ep#123
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast