The stock market’s four-step bottoming process is facing a crucial test, according to Ned Davis Research.A retest of the stock market’s mid-June low is the third step necessary for markets to establish a new uptrend.”The retest has not failed yet, but the persistent selling pressure of the past week suggests it is a distinct possibility,”… Continue reading The stock market’s failure to hold its June lows would reset a 4-step bottoming process that needs to be completed for a new rally to take shape
Shark Tank’s Daymond John Delivers a Key Financial Message
U.S. schools aren’t ranked highly against other countries when it comes to standardized tests on math, science, and history. But all that aside, there are other much more important tests kids never take in school–we’re talking life skills here. Many graduates do not understand the basics of adulting period, from not knowing how to cook,… Continue reading Shark Tank’s Daymond John Delivers a Key Financial Message
40% of Americans Can’t Afford to See Their Doctors
It’s not like a global pandemic with mandated lockdowns and a leaky economy haven’t triggered enough panic attacks among beleaguered citizens. Now America has a new crisis that combines medical care and money – fear of going to the doctor over financial concerns. A new study by MyVision.org notes the emergence of a “procrastination nation”,… Continue reading 40% of Americans Can’t Afford to See Their Doctors
Couples Should do This Before Combining Financial Assets
One anniversary that newlyweds likely will never celebrate is the day each spouse agreed to share their finances. That’s because money and romance only co-exist as a commercial enterprise – think Valentine’s Day, birthdays, and the major annual holidays. After all, Cupid aims his arrows at hearts – not bank accounts. From a relationship-strengthening point… Continue reading Couples Should do This Before Combining Financial Assets
Why Your Electric Bill Will Be More Expensive, and Soon
Depending on where you live in the US, your electricity bill has likely risen at a rate higher than at the same time in 2021. According to the US Bureau of Labor Statistics, electricity bills rise 15.8% in August, 2022 compared to August, 2021. Natural gas bills rose even higher in August, at a 33%… Continue reading Why Your Electric Bill Will Be More Expensive, and Soon
Stock Market Today: Stocks Soar as Treasury Yields Retreat
The stock market bounced sharply on Wednesday after the Bank of England (BoE) took emergency action to shore up its bond market. Similar to the U.S. Treasury market, yields on U.K. government bonds have been spiking lately. The most recent surge came after the government put into effect the largest set of tax cuts in… Continue reading Stock Market Today: Stocks Soar as Treasury Yields Retreat
What a Historically Low British Pound Means for Investors
The British pound recently fell to its lowest value ever relative to the U.S. dollar. So if you’re thinking of traveling to the United Kingdom for a fall visit, you couldn’t have asked for better timing from a currency exchange perspective. Your money will go farther across the pond than it ever has. There are… Continue reading What a Historically Low British Pound Means for Investors
What’s Next for Stocks? The Pros Weigh In
The historically worst month of the year for the stock market is very much living up to its billing. True, September has never been kind to the S&P 500 – since 1928, it has delivered an average decline in price of 1.0% – but this time around has been a doozy. From the Aug. 31… Continue reading What’s Next for Stocks? The Pros Weigh In
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