Biblical Stock Market Updates

Stock Pickers Market! Fed Balance Sheet Contracts Again!


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I believe this is a stock pickers market and not a buy the index market where a rising QE tide lifts all boats. The leaders are still leading, but some have come in hard recently and my eyes are on the exits should the selling continue. The big cap index is about 10.4% below its high. The small-cap index is about 18.8% off its high while the tech index is only about 3.5% off its all-time high. Cloud, software, medical, and internet tech stocks have been the leaders and we should soon find out if they will maintain their leadership. If the techs breakdown, then I believe we could be in for some serious economic trouble. I believe a steep stock market decline ahead of the election would not bode well for Trump's reelection. I believe God gives favor to whom He decides will be President and God gives wisdom to anyone who asks. May God's grace, mercy, and wisdom be with you always!

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Biblical Stock Market UpdatesBy Charisma Podcast Network