Coronavirus Won’t Stop This Rally — Buy the Dip
Last week, the Dow Jones Industrial Average and S&P 500 Index both fell 5%, while the Russell 2000 Index dropped 8%.
The stocks of airlines, cruise ships and other names were hit hard as spiking coronavirus cases spurred fears of another shutdown.
But the coronavirus won’t stop the market’s rally. In fact, this is the perfect time to grab shares of your favorite stocks at a great price.
In today’s Market Insights video, my colleague Jeff Yastine and I discuss why stocks are setting up to make new all-time highs this summer.
Editor, Automatic Fortunes
My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives. Eventually, I needed to walk away from the excess of Wall Street. That’s when I joined Banyan Hill in 2017. Now I help readers get ahead of the market and build their retirements.