Many think the worst is over for the stock market…the three most popular indexes – the S&P 500, Dow Jones, and Nasdaq – all rallied at the open yesterday. However, be careful in this market…Cracks are still forming in the economy…
Neel Kashkari, the President of the Minnesota Fed, believes unemployment is already as high as 24%. That’s almost as bad as the Great Depression, when unemployment peaked at 25%. Meanwhile, major airlines are losing $40 million-$50 million per day. And out of all U.S. mortgages, nearly 8% are in forbearance.
The prudent investor will build a portfolio to prepare for further volatility.
Guest Blog, Jeff W
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