With just over a month left in the year, various sectors of the market are starting to head in different directions. Oil prices hit a fresh yearly low this week… The Chinese stock market fell on COVID-related shutdown news… And the Indian stock market hit its highest level ever on Monday. Then there’s the 60/40 portfolio that’s still on pace for one of its worst years in the last century. So on this episode of Making Money With Matt McCall, Matt dives into the headlines and discusses what they mean for your portfolio.
Matt has talked a lot about holiday shopping recently, so after the first significant events of the season this weekend, he gives a recap of some of the numbers. The results from Black Friday shopping show a record for online retail sales. So, will the consumer help avoid a major recession and a pullback in the economy? Tune in to find out.
#stockmarket #covid #oil
00:00 China protests and market fallout
8:00 S&P 500 index returns
10:52 Stock buybacks
12:53 Stock market performance
17:55 Stock and bond returns
19:42 Trailing 6M U.S. equity/bond correlations
21:28 Black Friday online sales
➡️ Follow us on Facebook: https://www.facebook.com/StansberryResearch
➡️ Follow us on Twitter: https://twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_research
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stanberry-research
MAG.MOE - The MAG, The MOE.