Friend , Stocks Crash as Virus Fears Resurface| Tradinggods.net

[TradingGods.net Logo]     ****Advertisement*****   Legend who bought Apple at $1.42 says buy TaaS now The next big tech trend that could explode in today's new economy is coming to your hometown - which could make you a small fortune over the next few years. [Go here to get the top pick free.](    *****Advertisement*****   Dear Trading God Friend,   Concerns about the economy and COVID-19 trigger steep market selloff. The Dow and broader U.S.s tock market plunged on Thursday, as investors shifted their focus to a resurgence in COVID-19 outbreaks in several states.  All of Wall Street's major indices suffered heavy losses Thursday, with the Dow Jones Industrial Average (DIA) crashing 1,861.82 points, or 6.9%, to 25,128.17.  The broad S&P 500 Index (SPY) of large-cap stocks fell 5.9% to close at 3,002.10.  Meanwhile, the technology-focused Nasdaq Composite Index (QQQ) plunged 5.3% to settle at 9,492.73.  A measure of implied volatility known as the CBOE VIX (VXX) spiked to its highest level in months, a sign that turbulence had returned to Wall Street. The so-called "investor fear index" broke above 40 on a scale of 1-100 where 20 represents the historic average. VIX would eventually settle up 48.6% at 40.98.  Equity markets were under severe pressure over concerns that a second wave of coronavirus outbreaks was sweeping the country. Investors also dissected the Federal Reserve's latest policy announcement, which highlighted the ongoing economic impact of the virus.  The Fed is expected to keep rates anchored at record lows through 2022. Policymakers are also forecasting GDP to plunge this year before recovering in 2021.  In economic data, U.S. jobless claims rose by 1.52 million for the week ended June 6, the Department of Labor reported Thursday. Roughly 42 million Americans have been furloughed or laid off because of the pandemic.  The Final Word: The coronavirus caseload has topped 2 million in the United States, according to the latest data from Johns Hopkins. Globally, more than 7.7 million infections have been confirmed.  We'll talk soon,  Dan  Dan The Trading God     *****Advertisement*****   ID=174048;size=600x250;setID=420789;extraData=507;uid={EMAIL}June 11, 2020;lat={EMAIL};click=1  *****Advertisement*****  [Ridgeline Media Group LLC BBB Business Review]( Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,]( [Terms of Use,]( [Privacy Policy]( before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email.  If you no longer wish to receive our emails, click the link below: [Unsubscribe](  Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States Media Group, LLC/html