The Dow's Unstoppable Climb Meets Its Match in Alarming Fed Prediction

 [View in browser]( [The Option Specialist]( 06/02/2020 [The Dow's Unstoppable Climb Meets Its Match in Alarming Fed Prediction]( The Dow Jones brushed off early-session losses to mount a moderate recovery on Monday. Despite widespread civil unrest, it was business as usual on Wall Street. The Atlanta Fed's devastating GDP estimate should give stock market bulls pause. The Dow Jones shrugged off widespread unrest in the United States on Monday, clambering around 100 points higher despite opening to triple-digit losses. But the stock market rally is looking increasingly curious. The economy still faces titanic threats, and a new estimate from one Federal Reserve branch predicts U.S. GDP will plummet an eye-watering 52% in Q2. [More on the Dow's climb...]( SPONSORED CONTENT [11-Hour Options: The Ultimate Income Trading System [Free eBook]]( In this eBook, Dave shows you exactly how he, and other traders, enjoy a 94.8% win-rate over the last 727 trades by focusing on high-probability trades. You're typically only in the trade for about 11 hours. And the goal is to make 4%, 5% or 6% on each trade (average has been 5.3%). 5.3% may not seem like a lot. But when you win 94.8% of the time, it adds up quickly! [CLICK HERE for instant access.]( [Here Are The 10 Most Under And Overbought S&P 500 Stocks, According To Goldman]( Markets are looking ahead to 2021 earnings, but individual stocks aren't necessarily reflecting changes in forecasts. Stock-market investors are confident that the global economy can rebound quickly from the coronavirus epidemic, so much so that they are largely ignoring the sharp decline in corporate earnings under way in 2020 and focusing instead on performance in 2021, according to a research note by Goldman Sachs equity analyst David Kostin. [Continue 10 Most Under and Overbought S&P 500 Stocks...]( [The Coronavirus Will Cost The Economy Nearly $8 Trillion, Congressional Budget Office Says]( The coronavirus is likely to reduce GDP by $7.9 trillion, or 3%, through fiscal 2030, according to the Congressional Budget Office. Sen. Chuck Schumer said the estimate shows the urgency of getting more rescue funding passed. Nominal GDP is projected to be $15.7 trillion less due to the virus. [More here...]( [Here's What Happens To Your Frequent Flyer Miles If An Airline Goes Bankrupt]( For the cash-strapped traveler who dreams of sipping champagne in first class, a frequent flyer program is a must-have. Airline loyalty programs offer passengers free flights, seat upgrades and access to elite business class lounges. They are also a massive revenue generator for U.S. airlines. [Read more...]( [Here's what top value investor Chris Davis is buying now: 'We need to focus on the long-term']( Value investor Chris Davis is staying invested despite societal and economic unrest across the U.S. America is reeling from a health pandemic that has killed more than 100,000 citizens and caused more than 40 million people to lose their jobs. A reescalation of US-China tensions and nationwide protests against racism also weigh on investor decision making. [Article continues...]( SPONSORED CONTENT [Can Your Nest Egg Survive An 89% Market Crash?]( The stock market crashed 89% back in 1929… and it can happen again. But options give you the potential to go after profit even when the market crashes. Getting started is simple. [Click here get your absolutely FREE options trading guide for more details.]( [The Option Specialist] Send this to a Friend. [Click here.]( | Not a Subscriber Yet? [Click here.]( All content © 2020 The Option Specialist Neptune Ave 300 Main Street #711 USA Madison, NJ 07940 Welcome to The Option Specialist, an e-mail service that replaces many of our previous alerts. We hope you enjoy it. If you do not wish to receive this daily service, please [click to unsubscribe.](