AUTHOR: TOWNE SCHERER.COM/BLOG 7/17/2020: Towne Scherer Private Wealth Management BLOG:
Momentum Doesn’t Die Easily
The Nasdaq-rally since March of this year may continue, suggests a MarketWatch article 7/14/2020. Leaning on a technical analysis, the article makes the argument that the Nasdaq-100 index chart shows channel resistance 12% above the current price as of this article’s publication. Although some skeptics have suggested a correction may be in the offing, given the recent rise of the Coronavirus cases, the article points to history and reminds us that ‘momentum doesn’t die easily.’
Abortion and the Markets
'61,628,584 abortions' have been performed since the 1973 Roe v. Wade decision, according to an ‘analysis released on 1/10/2020,’ reports Christian Headlines 1/13/2020. The report, however, used information from Guttmacher, which has consistently had higher counts than the CDC. Nevertheless, as Covid 19 deaths, which pale in numbers to abortions, have become a focus in the political environment, these massive abortion deaths may become a factor in the election in November, hence, ‘the future of the markets.’
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.