The Get Irked Week in Review
Episode 16 – December 3-7, 2018
In The Markets:
• Good news from the G20 Summit on Monday was quickly dashed with another series of Trump tweets as well as the arrest of the Huawei CFO by Canadian officials on behalf of the U.S. The Trade War is entering an entirely new phase, my friends,with absolutely no end in sight.
• The Federal Reserve is starting to acknowledge that the U.S. economy is far from as strong as they initially believed. At first, this might appear to be good news as it means a slowing in the rising interest rates, however a weaker economy is a weaker economy – and that’s not good news for anyone.
• To make matters worse, the yield curve officially inverted this week. What does that mean? It means that the interest rate for short-term savings is actually higher than long-term. Typically, an inverted yield curve is an indication of a potential RECESSION – a word that strikes fear in the hearts of investors,bankers, and everyone. The markets totally tanked after this news came out.
Getting Started – Tools & Resources:
• Although we didn’t release any new resources this week, those who are completely new to investing should check out “How should you invest your first $10,000 in the stock market?” New and old investors alike can benefit from our series of Getting Started blogs including our blogs on FOMO (Fear of Missing Out), the Three-Day Rule, “How to Invest in a Bear Market” and many more.
Trades in Play:
• Between the pop we saw on Monday and the subsequent death-dive later in the week, this was a busy week for Get Irked. Stay tuned to our closed (but free!) Facebook page for updates to our portfolio from the week of December 3-7.
Disclaimer: Eric "Irk" Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.
You must be logged in to post a comment.