What is going on in the market right now?

What is going on in the market right now?

Brief Updates

BREAKING NEWS BRIEF

Six inmates escape from a California jail

Image Source: KTLA

Authorities in central California are searching for six inmates who escaped from the Merced County jail. The inmates were able to gain access to the facility’s roof and utilized a “homemade rope” to scale down the side of the building. The Merced County Sheriff, Vern Warnke, believes the escape took place around 11:30 p.m. It was nearly eight hours later before authorities noticed the inmates were missing.

All six escapees should be considered armed and dangerous. All but one are facing violent felonies, including murder. Anyone who spots the fugitives is asked not to approach them and immediately contact the authorities. 

YOU NEED TO KNOW ABOUT THIS 18-DIGIT CODE

Recommended Link:
Wall Street Confessions from an Ex-Floor Trader Turned MultimillionaireEven as 22 million Americans lost their jobs… 97,000 small businesses closed for good… and riots spread through every major American city…

Wall Street continued to rake in money:

  • Goldman Sachs brought in $10.748 billion so far.
  • JPMorgan brought in $29.94 billion.
  • Morgan Stanley brought in $11.7 billion.

Now, how have these firms done so well when the entire world is paralyzed by a pandemic?
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NOT by playing fair, I’ll tell you that much.

But that doesn’t mean you can’t level the playing field…

And use Wall Street for your own financial gain.
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You see, one former floor trader made himself a millionaire by beating Wall Street at its own game.

He discovered an obscure 18-digit “code” that let him see when the hedge funds and investment banks were making incredibly lucrative trades. The kinds of trades that almost certainly had the benefit of inside information.
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YOUR MORNING MARKET UPDATE

The market did not appear as though it would pick up where it left off last week in terms of gains, as futures for all three major averages dipped this morning.

“The advance is built on three main pillars,” said Vital Knowledge’s Adam Crisafulli yesterday. “Strong corporate earnings, massive stimulus, and vaccine optimism. Stimulus expectations are getting elevated – Biden’s plan may be worth several trillion dollars on paper, but what actually gets passed will probably be much smaller.”

And at this point, although investors appear largely unfazed by all the chaos in Washington, that could change if the stimulus package starts to look like less of a guarantee.

What else should you know about the stock market this morning? What else will be happening in the week ahead?

GO FOR YOUR GOALS!

This is the art of setting goals

Image Source: AJ_Watt / Getty Images

 A goal can be a lot of different things. But a goal is not a dream or a hope. It’s specific and measurable. Shaping dreams into goals involves being more specific: saving $40,000 in the next five years to have enough money for a down payment on a home, for example.

One of the best ways to set a goal is to pick a small, measurable milestone on the way to the final accomplishment. If your dream is to save money for a home in the long term, your first goal could be to save $1,000 in the next three months.

Dream big, but start with a goal of reaching one practical step that will take you closer to the larger goal. Setting an actual goal should be small and tangible as you build up to bigger ones. Once you hit the first one, you can set another goal that brings you further down the path to your dream!

MENTAL HEALTH MONDAY

It’s no secret that 2020 was a tough year, and many of the struggles created by a global pandemic are spilling over into the new year. If you feel overwhelmed by it all, it is important to reach out for help and try to protect your mental health as much as possible.

One way to try to protect your mental health during the pandemic is by staying in touch with loved ones as much as possible. Quarantines, lockdowns, and social distancing have created feelings of loneliness and isolation. To combat those feelings, make sure you call and video chat friends and family as much as possible, as well as connect through social media, so you don’t feel so alone.

Another thing is to reframe your mindset. Instead of focusing on the negative and how bad the pandemic is, focus on how you can respond to the situation. Being as optimistic and positive as possible will go a long way. What other mental health advice can help you through the pandemic? 

PLANNING FOR THE FUTURE

Can you really retire with $100,000 or less in savings?

Image Source: Good Financial Cents

We’d all love to retire with millions of dollars in our savings and other income accounts. But by the time retirement actually creeps up on us, the reality is often something significantly lower than that dream.

If you’re struggling to boost your retirement account and running out of time, you’re not alone. Around 65% of Americans have less than $100,000 saved for retirement, according to a report from the Employee Benefit Research Institute. Of those, more than one-quarter have less than $1,000 socked away.

Playing catch up isn’t easy. It will take some time and a lot of hard work. But it helps if you can find out how much you actually need to retire.

So, let’s say we pick a nice easy round number like $100,000 (which is a lot more doable than you might think) – how far can you make that go? 

Stay Informed,

Image

Rex Jackson

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Rex Jackson
Writer & Editor of Brief Updates