The S&P 500 Index is on pace to post its biggest weekly gain since November 2018, trading above its 50-day moving average for the first time since last month’s sell-off.
— Read on www.bloomberg.com/news/articles/2019-06-07/s-p-500-blasts-above-50-day-moving-average-in-best-week-of-2019
Rule of 72
What does the Rule of 72 mean? It is rule stating how long it will take to double your money at any given interest rate. You divide the compound return by 72. This will give you an approximation of the number of years for your investment to double.
Example:
7% interest rate formula: 72/7=10.28 (it will take 10.28 years for your investment to double with a 7% interest rate)
Note: We would be fortunate today as consumers receiving this kind of return on GICS or Dividend Stocks.
12% interest rate formula: 72/12=6 (it will take 6 years for your investment to double with a 12% interest rate)
24% interest rate formula: 72/24=3 (it will take 3 years for your investment to double with a 24% interest rate)
Note: The credit card companies make this kind of return easily when consumers have outstanding balances on their credit cards and only pay the minimum. As you can see your debt will double in less than 3 years with a 24% credit card interest rate. The higher the rate the quicker the doubling of debt.
Sam Latella
Inflation and Deflation
Inflation Explained
Deflation Explained
Trade War Ended China’s First Bull Market After Only 69 Days – Bloomberg
This year’s first bull market in China’s stocks perished after just 69 trading days.
— Read on www.bloomberg.com/news/articles/2019-06-06/trade-war-claims-china-s-first-bear-market-after-just-69-days
China Issues 5G Licenses as Race to Build Networks Heats Up – Bloomberg
China approved four operating licenses for 5G networks, setting the stage for the super-fast telecommunications system amid simmering tensions with the U.S. over technology and trade.
— Read on www.bloomberg.com/news/articles/2019-06-06/china-issues-5g-licenses-as-race-to-build-new-networks-heats-up
Goldman Sachs and UBS execs: Markets are ‘overpricing’ Fed rate cuts
The financial markets are getting too far ahead on expectations for potential for Federal Reserve rate cuts, according to a pair of top global bankers at UBS and Goldman Sachs.
— Read on www.cnbc.com/2019/06/06/goldman-sachs-and-ubs-execs-markets-are-overpricing-fed-rate-cuts.html
Here’s how high oil could go if a conflict broke out with Iran
In an area responsible for the shipment of one-third of the world’s seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of crude?
— Read on www.cnbc.com/2019/06/06/heres-how-high-the-price-of-oil-could-go-if-conflict-broke-out-with-iran.html
Planning for retirement? Build a mini pension with these 3 RRSP stocks
If you’re investing for retirement, it pays to buy long-term stocks like Fortis Inc (TSX:FTS)(NYSE:FTS).
— Read on www.msn.com/en-ca/money/topstories/planning-for-retirement-build-a-mini-pension-with-these-3-rrsp-stocks/ar-AACrnIo