from Financial Survival Network
Crista Huff is the lead analyst of Cabot Undervalued Stocks Advisor. Very interesting markets. Trading range for the entire year. Further decline ahead is coming with a possible retest of March lows. The Russell 2000 and NASDAQ are showing strength add to the likelihood of this scenario. Unemployment claims are up to 38.6 million. Many businesses are closing and more will follow. Fewer and fewer jobs are available. We’re entering a recession and probably a depression. Federal money is sloshing around and much of it is going into the market. That money will run out and the market will fizzle. We’re going to start hearing about mass defaults housing and autos. It’s going to last for years. The next generation is going to have it tough for at least a decade or perhaps even longer. What happens when these people can’t find jobs?
Which industries will thrive and which will decline? Every industry that contributes to content through your electronics will survive and thrive. You’re still on your phone and your television. Many profitable companies here. Food and household supplies and pharma, Avoid money losers. Negative industries, real estate companies that invest in multi-family and office space will decline. Evictions and foreclosures are on hold. This will affect millions of RE investors. When the renters don’t have to pay, the owners will pay or lose their properties. It’s a complete disaster. Government intervention has simply put off the inevitable.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/2LYMmvv
