Market Updates

A mind-blowing 22 million people have filed for unemployment benefits over the past four weeks: Yet stocks continue rebounding. So much so that, insanely, the FANG-stock complex is back to an all-time high:

After last week’s continued meltdown, stocks rebounded sharply earlier this week, with Tuesday’s gains setting an all-time one-day record for both point and percentage gain.

Questions we’re now hearing from PP.com readers over the past few days include:

• Given the announced QE and $2 trillion stimulus package, is the bottom now in?
• With the news that physical supply of gold is “running out”, what does that mean for gold & silver prices? For the mining stocks?
• What steps should investors like me be taking now?

The financial markets have continued falling this week, making this recent crash the fastest plunge into a bear market in history.

To answer the many questions we’ve been receiving from PP.com readers this week, I just recorded another brief interview with the lead partners at New Harbor Financial, the financial advisor Peak Prosperity endorses.

Coronavirus concerns have triggered the second fastest market plunge into a bear market in history.

We here at Peak Prosperity have long warned about the risk of such a “Sell Everything!” event (see here, and here, and here, and here, and here, and…) and have encouraged prudent investors to position their financial portfolios for safety in advance of such a sell-off.

Which is why we’ve often interviewed the professionals at New Harbor Financial, Peak Prosperity’s endorsed financial advisor. We’ve wanted to highlight to folks like you that there are proven strategies for reducing your exposure to sharp sell-offs, and inspire folks to take steps to protect their wealth in advance of the next one happening.

Here’s why this is so important.

For years, Peak Prosperity has been raising a loud warning of the ‘Everything Bubble’ that the world’s central banks have blown in global asset prices.

Over that time, we’ve debated with hundreds of economic experts on what will be the trigger to “pop” this mania.

Well, now we’re finding out.

Bankruptcies are set to ripple across industries like wildfire. Mass layoffs will return with a vengeance. For certain industries — like travel, hospitality, and the shale oil drillers — this will be an extinction-level event for many players.

Today was an absolute bloodbath in the financial markets:

• The S&P 500 closed down -7.6%
• The Russell 2000 fell -9.4%
• Oil dropped 25%(!)

Since the highs in February, just 3 shorts weeks ago, the market is now down -19%.

In this short video, we check in again with the lead partners of New Harbor Financial, Peak Prosperity’s endorsed financial advisor, to get their seasoned take on the current market action and what they see as most likely to happen from here.