A mind-blowing 22 million people have filed for unemployment benefits over the past four weeks:
And as we approach corporate Q1 earnings season, the expected losses look absolutely terrible:
Yet stocks continue rebounding. So much so that, insanely, the FANG-stock complex is back to an all-time high:
So, is the market correction over and done with? Are we back on our way to new highs? For those sitting in cash, is it time to get back into the market? Or is this a sucker’s rally?
As we’ve been doing throughout the recent market volatility, we just reached out to the lead partners at New Harbor Financial, Peak Prosperity’s endorsed financial advisor, to get their latest perspective on these questions.
They strongly advise not being duped by the recent return of investor exuberance, and predict the current rising optimism will soon be dashed by a coming reversal:
Anyone interested in scheduling a free consultation and portfolio review with Mike and John can do so by clicking here.
And if you’re one of the many readers brand new to Peak Prosperity over the past few weeks, we strongly urge you get your financial situation in order in parallel with your physical coronavirus preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.
But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.
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