by Michael Carr | Apr 15, 2020 | 2020 Financial Crisis, Smart Profits Daily, Stocks
The stock market just had its best week since October 1974. But that historic 12% rally came as more than 17 million people filed for unemployment benefits in the past four weeks. That far surpasses the previous record of 2.7 million. It turns out that 1974 also had a...
by Michael Carr | Apr 1, 2020 | 2020 Financial Crisis, Smart Profits Daily, Stocks
A few weeks ago, I mentioned that financial advisers are very good at telling you what you should have done 30 years ago. After I shared the way to counter their advice, the stock market crashed. Now advisers need different clichés. Fortunately for them, they have...
by Michael Carr | Mar 18, 2020 | Recession, Smart Profits Daily, Stocks
“Unprecedented.” I’m watching CNBC as I write, and I’ve heard that word dozens of time today. The speed of the stock market’s decline is unprecedented. The coronavirus is unprecedented. The Federal Reserve’s actions are unprecedented. Fortunately, everything isn’t...
by Michael Carr | Mar 11, 2020 | Recession, Smart Profits Daily, Stocks
There’s an important market indicator you’ve likely never heard of. Professionals use it every day. They evaluate trading desks with it. They make sell decisions with it. It’s included in many performance reports. And right now, this indicator is telling us we’re only...
by Michael Carr | Feb 26, 2020 | Smart Profits Daily, Stocks
Earnings season is almost done. With 87% of the companies reporting for the fourth quarter of 2019, it looks like earnings grew 0.9% last year. But more important than what earnings were is the question of what earnings will be. Companies often provide earnings...
by Michael Carr | Feb 25, 2020 | How to Guide, Stocks
Charts are popular among traders. According to legend, they have been used for hundreds of years with early traders in Japanese rice futures markets developing candlestick charts to help them forecast price trends. In many ways, charts are based on legends and as is...
