Today, I’m going to mix things up a bit and bring you a mid-week market update because I want you to be prepared for the some of the biggest market moving events that are set to occur this weekend.
As you’ve likely heard the biggest affair this upcoming weekend is the G20 Summit in Osaka, Japan. The summit will host a series of economic meetings between some of the world’s largest economies – including the long-awaited meeting between President’s Trump and Xi as they attempt to settle the trade war that has been raging for the last several months.
I’ll be going over what I see as three of the most likely outcomes of the meetings, and what they mean for the market.
We’ll also take a look at another asset class that investors have been flocking to amid all of the volatility in stocks…
In an article earlier this month, I explained how the stock market hates a parabola (large, sharp movements on a chart). I gave an example of how stocks can come crashing back down to Earth if they fly too high, too fast – like Beyond Meat (BYND) did recently after its IPO.
I believe the same is true of the most recent rise in Bitcoin prices, and I’ll show you exactly why I feel now is the wrong time to add Bitcoin to your portfolio.