The April PCE report confirms the US is on the brink of recession as in yesterday's GDP report, with inflation still high while spending, income, and savings continue to plummet. Meanwhile, Chicago PMI unexpectedly dropped much more than expected, raising concerns about an imminent recession, pulling SPX sharply down to 5200 before finding support. In this video, Steve will also review some important trades in May and the most basic rules for evaluating a sell options strategy.
Throughout more than 120 years of history, the stock market has always been considered the weather vane of the global economy. It not only reflects important events but also shows the general sentiment of investors. Despite going through many short-term decline phases, the stock market still affirms a common trend: stocks are the best long-term investment channel. Therefore, seeking sustainable growth businesses and stocks is always the top goal of smart investors.
At the same time, investors can leverage the power of compound interest to maximize their returns. Understanding and applying compound interest will significantly increase investment assets over time.
