MoneyLine Podcast: Understanding the Stock Market Today
If you know me at all, you know I can’t live without my Dunkin’ Donuts caffeine fix in the morning.
I really needed my caffeine today because I was up before dawn getting ready for my new MoneyLine podcast and to take a short trip for business and pleasure.
Still, I did the same thing I do every morning. It’s as ingrained in me as looking for ways to make money.
Even before I get out of bed, I check to see what’s going on in the market. I see how stocks did in Asia overnight. I look in on Europe’s trading. Pull up futures for the U.S. market. Check on different sectors. I’ll walk you through a lot if in today’s show.
I’ve been doing this for a long time, but one thing really stands out to me right now pretty much every single morning …
There’s a ton of excitement in the cryptocurrency market.
For example, when I logged onto my Ultimate Crypto website and checked the portfolio, I was thrilled to see it up 965%. That’s more than 10X in the less than 15 months since we began in January 2020! There are 12 altcoins in there, and every single one is up.
That performance is phenomenal, and I sent a congratulatory note to my analysts thanking them. We feel good that we can help people make that kind of money.
In fact, next week I’m putting on a special event to discuss the state of the crypto market and how a new development could drive prices higher in the coming months. It’s starting to morph into a financial revolution of sorts.
That’s why I’m calling my special new presentation The Main Street Revolution Event. It will take place next Wednesday, March 24, at 4 p.m. ET. It’s free, and I hope to see you there. All you need to do is click here to register and you’re all set.
And getting back to today’s new MoneyLine, I also want to tell you about a SPAC that’s come up recently. Plus I’ll fill you in on the latest on 3D printing — which is the future of manufacturing — and other stocks I’m looking at right now or that have been in the news the last few days.
Then, I take your questions from Twitter, including one I get asked all the time: Should you use trailing stop losses? Be sure to tune in to find out my answer.
Have a great weekend. I’ll be in New York, so if you see me walking around the streets, be sure to stop me and say hello.
On the date of publication, Matthew McCall did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now.
