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
The Dirty Secret Of The Financial Industry, Ep #101
Come on Jerome Powel…PIVOT!, Ep #100
Luck, Strategy, Or A Little Bit Of Both, Ep #99
The Greatly Exaggerated Death Of The Consumer, Ep #98
Are we heading from fear to FOMO?, Ep #97
Unhealthy Financial Food for Thought, Ep #96
5 Critical Questions Everyone Needs To Answer, Ep #95
Finance and Entrepreneurship with Rich Antoniello, Ep #94
The Surprises Always Come In The Positive, Ep #93
Buyer Beware: Wall Street Products That Get ̶B̶o̶u̶g̶h̶t̶ SOLD, Ep #92
Can You Pass Financial Independence Pop Quiz?, Ep #91
Are We Going Into Stagflation?, Ep #90
The Hard Truths of Financial Independence, Ep #89
What Do You Want To Be Free FROM To Truly Be Financially Independent?, Ep #88
Bear Market Survival Guide, Ep #87
Exposing Financial Untruths, Ep #86
Coping With Volatility… Are Your Emotions In Check?, Ep #85
If You’re Sitting In Cash Right Now… What Are You Waiting For?, Ep #84
Volatile Markets Make Bad Decisions Seem Rational, Don’t Fall For It!, Ep #83
Are You A Do-It-Yourself Investor Or Is It Time To Go Pro?, Ep #82
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast