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The second quarter of 2020 came to an end on Tuesday, and what an end it was!
The S&P 500 gained 19% in the second quarter, its best quarterly performance since the fourth quarter of 1998.
The NASDAQ did even better as it gained 30.6% in the second quarter, its best performance since we partied like it was 1999.
I wouldn’t count on that to last.
That’s why I’m taking advantage of some quick overnight trades to boost my income.
The second quarter rebound was fueled by trillions of dollars of Congressional stimulus. Between the checks individual taxpayers received and the Paycheck Protection Program, it is tough to imagine another round of stimulus quite like that.
That is part of why the outlook for the rest of the year is pretty murky.
Analysts are already predicting the third quarter won’t go quite as well as the second quarter.
Indeed, 16 states have already said they will roll back their reopening plans as cases of COVID-19 are spiking. Texas and California are closing down bars again and Arizona is closing down gyms. Florida is closing down pretty much everything. Several states are reporting that ICU beds are once again in short supply.
And the list goes on.
The fact is that COVID-19 is here to stay – at least for now.
That means you might have to adapt your investment strategy if you are looking to make money in the markets anytime soon.
Click here to find out how you can turn $5,000 into $2,825,856 within the next three years.
Here’s to Staying Healthy and Wealthy,
Ben Shepherd