• Home
  • /
  • Blog
  • /
  • Where have we been and where do we go from here?

Where have we been and where do we go from here?

As we sail towards the final days of 2020 there remains undoubtedly the many questions on our minds as we move towards the end of an emotionally impossible year.  The coronavirus swept unnoticed into the U.S. in January 2020 and began its deadly spread across the country from both the west and east coast.   March saw many states curtail all activity via “Stay at Home” orders. The Federal Government stymied and sabatoged by the Executive Branch sat passively in denial while the States grappled and bid against each other and the Federal government to secure enough supplies to mount a response to the numbers of people beginning to fall to an unseen deadly flu virus.  Initially the virus reached the U.S. via the West coast with cases spreading quickly in the Seattle area and within Los Angeles County in California.  New York City provided the main access as the Euro version of Covid-19 brought the famed Apple literally to a stand still.  The United States would ultimately become the global leader in the number of reported COVID-19 cases, hospitalizations and deaths.  And ten months later the United States continues to hold and build upon its top positions as the Trump Administration deliberately, under the lack of leadership, pushes the United States towards an abyss from which it may not be able to quickly recover.

And on the way to the abyss:

 

Taking a look into the rearview mirror of 2020 brings revelations of the good, the bad, and way too much ugly. The financial markets, with a standing ovation to the continued dominance from the Tech Sector, made mincemeat of all naysayers as it initially dropped 30% in March as the panic driven ride down ended up being the largest buying opportunity of the 21st century.  Thus far the NASDAQ 100, has reached new all time highs in 8 of the last 9 months.  This all the while many, many people lost jobs, housing, health insurance and the ability to “keep one’s head above the water.”

What could possibly go wrong?

 


Tags


You may also like

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Commodity Futures Trading Commission: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Content on this site is for educational and entertainment purposes only. Nothing on this site should be viewed as trading advice.