Don’t leave your success up to luck…
Hey there…it’s me, Felix, your personal Ace of Investing.
What’s in store for the week ahead? Probably a few more surprises…
If you’re ready to up your ante, keep reading…
Stocks ticked higher in early trading this morning to kick off the last full week of trading in May. It’s been a bumpy ride this month, but the ‘buy the dip’ mentality has been particularly strong. Cruise, airline and other stocks that stand to benefit from the economic reopening stocks caught a bid this morning. Tech stocks, which have been hit especially hard as of late, were also higher in early trading. Digital currencies snapped back too this morning after a sharp weekend sell-off sent BTC below $32,000.
Stocks have been choppily trading in range for weeks, and that may not be over yet, but many analysts see this stall as healthy. Tom Lee, head of research at Fundstrat Global Advisors recently noted, “We continue to see incremental data points that strengthen our view that when equities break out of this range, the next move is a substantial rise higher.”
Financial stocks have been in the limelight this year. The Financial Sector SPDR ETF (XLF) has outperformed the broader market, with a total return of more than 20% year-to-date compared to the SPDR S&P 500 ETF Trust (SPY). Our trade alert for today highlights what some are calling the next financial stock to shake up the industry.
This morning, US stock futures are on the rise – fueled mostly by tech names in premarket trading.
The DJIA and S&P 500 dropped about 0.5% each last week. For the S&P, that marked the first back-to-back weekly loss the index has seen since February.
The Nasdaq, on the other hand, bucked the downward trend and broke a 4-week losing streak by logging a 0.3% advance.
Plus, digital currency BTC saw a little good news today after some pretty volative trading over the weekend.
Here’s what else you can expect to make some waves today…
DECLINING BIRTH RATES: GOOD OR BAD?
If you’ve been paying attention to American birth rates, you know that we’ve been seeing some serious declines. Declines that make some worry that we won’t be able to replace an aging workforce.
But while some are out there “gloom and dooming” it, others don’t see the declining birth rates as a bad thing.
Here’s why it could actually be an economic cloud with some silver lining…
LET’S ADDRESS THAT MINDSET
When it comes to changing your money and investing mindset, it helps to start with a great baseline.
And if you don’t have a wealth of financial mentors easily at your disposal, with a library card or Google, you can fix that super fast.
When it comes to making smart decisions about money, you need to embrace the garbage in, garbage out mentality and be very careful about where you put your trust.
But ultimately, you have to trust YOURSELF!
These eight books will give you a cutting edge in your financial education and empower you to make smarter choices along the way.
How many do you already own?
BUBBLES, BUBBLES, EVERYWHERER!
It’s pretty hard not to look at our current investment market and not see some bubbles.
In fact, when it comes to the digital currency bubble, we already saw a bit of that go bust for BTC and other favorites.
But it’s not just digital currencies that are at risk of bubbles popping.
Here are some of the other investment instruments that have their own bubble risks…
America’s 1% – the extremely rich and powerful – don’t live like everyone else. And they don’t invest like everyone else, either. Billion-dollar money manager Louis Navellier, one of “their own,” breaks away to reveal some very big secrets, including key details about the next 6 months.
WHERE SHOULD I INVEST?
Before you consider buying MP Materials, you’ll want to see this.
Investing legend, Whitney Tilson just revealed his #1 stock for 2021…
And it’s not MP Materials.
He bought Netflix at $7.78, Apple at $1.42, Amazon at $48 and Now he’s going all-in on the one stock driving the next big tech trend that will make investors rich in 2021.
You can learn all about it on Mr. Tilson’s Website, here.
Wondering what stock he’s investing in?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream… And by then, it could be too late.
Action is one of the best investments,
Editor-in-Chief at Ace of Investing
P.S. Know someone who might benefit from Ace of Investing? Send them here to get opted in!