Stimulus, No Stimulus - Market Bounces With Headlines

[The Option Specialist]( 10/26/2020   |   [View in browser]( --------------------------------------------------------------- [Stimulus, No Stimulus - Market Bounces With Headlines]( You get the idea. The daily swings of the market have made it tough to navigate. Such was the case as stock prices drifted lower on the daily disappointment of failed stimulus talks. The lack of stimulus is NOT surprising. There is "no incentive" for either side to pass stimulus before the election. The market read between the lines and realized no "deal" is coming. While the markets were hammered initially, traders bid shares up on "hope" stimulus is still coming. The good news is that while the market remains in a downtrend, it continues to hold support at the 20-dma and 50-dma cross. [More...]( SPONSORED CONTENT [This Trading Book Sells For $19.95 On Amazon. Yours Free]( Simple Options Trading for Beginners retails on Amazon for $19.95. But for a limited time only, you can download a free copy directly from the author. [Click here to grab the best-selling book for FREE.]( [JPMorgan Sees Bitcoin Rising Up To Ten-Fold As Millennials Flood Into The "Alternative" Currency]( Nearly a year ago we highlighted a schism in generational views toward "fiat alternatives": whereas older Americans would buy physical gold and precious metals, younger generations, including Millennials and Gen-Zers would primarily purchase cryptocurrencies such as bitcoin. To this point, Charles Schwab showed that the Grayscale Bitcoin Trusts is the 5th largest holding in Millennials retirement accounts (including 401(k)s) with almost 2% of their assets tied to the success (or failure) of the largest cryptocurrency. [Read more...]( [Americans Fear Rising Cost Of Working From Home As Pandemic Continues]( For Marie Clara-Cantillo's family, staying home during the coronavirus pandemic brought an increase in monthly expenses her family could have never predicted. Clara-Cantillo, a patient educator with a pharmaceutical company in New York who's always worked from home, said her usual routine has been upended by skyrocketing utility bills, dozens more meals to cook for her three children, and exorbitant child care costs. "Since March, our gas and electric bill has really increased ... Because every computer is on, every television is on, all of the lights are on and chasing after kids to shut off the lights," she said. [Article continues...]( [Why You Might Have Trouble Getting the Refrigerator, Can of Paint or Car You Want]( From makers of cars to appliances to paint cans, U.S. manufacturers are falling behind on demand for goods that Americans are buying up as the Covid-19 pandemic drags on. Factory production of consumer products has largely recovered after shutdowns this spring related to the virus crippled manufacturing across the country. But as companies rush to restock, buyers are snapping up items at an even faster pace, leading to inventory shortages on goods that have recently surged in popularity with people spending more time at home and nervous about travel, executives, retailers and analysts say. [Click to continue reading this article...]( [Here's the Average Social Security Benefit in 2021]( For tens of millions of Americans, there isn't a program that bears more importance to their financial well-being than Social Security. According to the Social Security Administration (SSA), 62% of current retirees lean on the program to account for at least half their monthly income. Additionally, more than 15 million retired workers are pulled out of poverty every month as a result of their guaranteed payout, based on an analysis from the Center on Budget and Policy Priorities. Given the program's importance, it shouldn't be a surprise that the most anticipated announcement each year is the Social Security Administration's October release of the upcoming year's cost-of-living adjustment (COLA). Think of the COLA as the "raise" that beneficiaries receive to true-up their payouts to account for inflation. [More here...]( SPONSORED CONTENT [Biggest Transfer of Wealth In US history Has Begun]( A Maryland multimillionaire says the biggest legal transfer of wealth in American history has just gotten underway. [Here's #1 step you must take.]( --------------------------------------------------------------- [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, Madison, NJ 07940 USA 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 email service, please [click here to unsubscribe](. [Privacy Policy]( ---------------------------------------------------------------