Bear Market – May 23

How’s your Saturday?

We hope you are enjoying the holiday weekend despite the pandemic still going on. Wherever you are, hopefully the weather will be nice enough for you to find a comfortable place to relax outside where you can read today’s Bear Market. You will find some amazing articles in today’s issue…gold ended higher. And, restaurants are doing something with their tables that is pretty clever—this new trick just might save a local business you love (and enable you dine there this weekend.) 

Have a good read…

Sports Industry

Sports Memorabilia Market Booming Amid the Pandemic: This past week, a Mike Trout rookie card sold at auction for $922,500. Pretty surprising when you consider the state of the economy right now. So, what is happening? SEE WHY THE TRADING CARD & MEMORABILIA MARKET HAS ‘INCREASED EXPONENTIALLY SINCE THE LOCKDOWN”

Stock Market

Stocks Rise During the Week, End Mixed, as US-China Tensions Rise: Stocks ended little changed Friday, as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. As a slew of quarterly corporate earnings results came in mixed, each of the three major U.S. equity indices posted… READ MORE

Investment News

Liquid Alts: Here’s How to Protect Your Portfolio with Them And Prevent Them From Hurting Your Investments at the Same Time: Liquid alts are mutual funds or exchange-traded funds that mimic the investment strategies of hedge funds. Born after the 2008 global financial crisis, liquid alts offered an avenue to generate return at a time of extremely low interest rates and uncertain markets. SEE WHY LIQUID ALTS ARE FAILING DURING THIS FINANCIAL CRISIS

Precious Metals

Gold Prices End Higher Despite Bad Blood Between U.S. and China: On Friday, gold prices ended higher even with the friction between China and the U.S. that fed risk-off sentiment, drawing investors into assets considered to be havens, including government debt and the Japanese yen. READ MORE

U.S. – China Relations

33 Companies Added to U.S. Economic Blacklist: Yesterday the United States announced it is adding 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on it’s minority Uighur population, or had ties to weapons of mass destruction and China’s military. The U.S. Commerce Department’s move marked the Trump Administration’s latest efforts to… READ MORE

Telemarketing Industry

Coronavirus Pandemic Claims Another Victim: Robocalls: Have you noticed a huge drop off in the number of unsolicited “robo calls” you are getting since the pandemic started? Industry experts say robocalls are way down—millions of jobs have been lost in the pandemic, and scammers are not immune. READ MORE

Restaurant Business

Brilliant Idea! Restaurants Are Setting Up Tables in Streets and Parking Lots—and Cities are Approving This Move: City governments are now realizing how important it is for the economy to reopen, and they are now bending over backwards to help restaurants get back to serving food. One way they are doing this is they are easing restrictions and allowing restaurants to expand outdoor dining during this pandemic. READ MORE

U.S. Economy

Trump Administration Warms Up to Sending Out More Coronavirus Relief Money: President Trump and his cabinet are publicly saying things that sound like they are leaning towards another round of coronavirus economic stimulus. Congress is divided over what this relief bill should include. READ MORE

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