The U.S. economy is reeling.
Now, you could simply look outside and see the devastation of this economic crisis: businesses closed, retail stores with few shoppers, and fewer cars on the road.
This week’s official numbers confirm it’s an economic crisis.
The Commerce Department reports that retail sales fell 16.4% in April. That was nearly double the 8.3% drop in March.
Consumer spending fell by 20% last month. Clothing sales were down 90%. And sales at department stores, bars and restaurants were cut in half.
Meanwhile, the Fed reports that industrial production dropped by 11.2% in April.
Yet April is expected to be the low point. As America begins re-opening, people will begin venturing out. And they’ll slowly begin spending money once again.
The stock market rebounds BEFORE the economy gets back to 100%. And that’s why it’s crucial to get ready for the bounce-back after the economic crisis.
Smart money investors know that market crashes are the best time to make a fortune. And next week I’m revealing my No.1 strategy for earning big profits in the next six to 12 months.
The Big News…
Regular Americans are cashing HUGE checks – using Stock Rental Royalties. This unusual program lets you collect cash payments from America’s best companies. And you don’t even need to own a single share of stock! Click here for details on the next payment.
Vaccine Gets FDA Fast Track
A coronavirus vaccine from Moderna (NASDAQ: MRNA) just got fast-tracked by the FDA. That means the vaccine will proceed through the approval process more quickly than normal. The vaccine is starting Phase 2 clinical trials.
House Votes on $3 Trillion Stimulus
The House of Representatives is expected to vote today on a new stimulus bill. The $3 billion bill is expected to pass. However, Republicans in the U.S. Senate say the bill doesn’t stand a chance.
Meat Production Slowing Down
One major meat slaughterhouse says production must slow down. JBS slaughters more than 20% of beef and pork in the U.S. The company says it’s slowing down production to allow for a safe workplace.
New $1 Trillion Stimulus
Republicans on Capitol Hill are starting work on another stimulus bill. This one is expected to top $1 trillion and include huge spending on infrastructure projects including 5G. Go here for the top All American 5G stocks to BUY NOW.
The Coronavirus Numbers
Here are the numbers from Thursday at 4 p.m. ET:
- 4,593,395 Infected worldwide
- 306,376 Deaths
- 1,470,688 Infected in the U.S.
- 87,773 Deaths in the U.S.
Stocks were rising slightly on Friday afternoon.
The markets were down in morning trading. Yet as the week drew to a close, stocks ticked into positive territory.
Investors have been concerned regarding the weak economic data. It’s becoming more apparent that a quick V-shaped economic recovery is unlikely. And Fed Chairman Jerome Powell confirmed that the recovery will be slow.
Stocks have posed a huge rally since late March. Yet the markets basically moved sideways for the last two weeks.
Yet you can collect huge income – even when stocks are treading water. In fact, you could be collecting checks for $395 from Apple, $232 from Caterpillar and $310 from IBM.
Yours in Health & Wealth,