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How can we target short term income in this roller coaster market? I’m going live tomorrow at 2:00 PM EST. Claim a free RSVP here.
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Thursday, March 6th
Progress is impossible without change, and those who cannot change their minds cannot change anything.
-George Bernard Shaw
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Markets Today
🌏 Asia-Pacific: Up
🇪🇺 Europe: Mixed
🇺🇸 United States: Down
🛢️ Oil: Down
⚡Crypto: Mixed
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Major Market Events
- Boeing CEO warns of rising costs over Trump tariffs
- The average rate on a 30-year mortgage fell to 6.63% this week, its lowest level since mid-December.
- BJ’s Wholesale stock soars on Q4 beat on top and bottom lines
🤔 My Thoughts
As we predicted on here and Telegram, President Trump is NOT backing down on tariffs, despite offering some deals in certain sectors like automotive.
And sure enough the markets are down today, and many traders and analysts are gearing up for a choppy stretch here – if not a full-blown bear market.
So one thing we can’t do is put our head in the sand.
A bear market isn’t guaranteed, but it’s very possible. And so wishing for a rip-roaring bull market again is not a good trade strategy.
But the good news is that there are plenty of trade strategies that CAN work really well in these conditions.
The Wall Street Journal is reporting that the big investment banks are doing exactly that. Turning to assets that traditionally do well in these times like gold and treasuries.
Oil prices and mortgage rates are falling as well (silver lining for those looking to buy a home) so those lower energy inputs and debt servicing costs could be good for REITS.
The point being that there is always a winning trade out there…
You just have to be honest about the current market conditions, and tailor your strategy to what’s going on.
