“This Will Be a Painful Two Weeks”

The stock market is down again this morning. Energy and Financials are down the most. President Trump warned that this will be a painful two weeks. Bonds are doing well and the dollar us up.

This morning, ADP said employers shed 27,000 private payroll jobs through March 12. The numbers after that will be staggering. Tomorrow we’ll get an update on jobless claims. Then on Friday, we get the official jobs report.

This morning’s ISM report came in at 49.1. That’s not so bad. I’m curious if the full force hasn’t hit just yet.

The April issue of Growth Stock Advisor will be heading out to you soon. In this month’s issue, I go over our investing game plan for how to manage your portfolio in the age of Covid.

Posted by on April 1st, 2020 at 10:13 am


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