Newsroom. Abigail it is great to be here on this selloff day. We have the three major averages sharply lower. That dow and s p 500 near special lows, the third day of declines. On pace for weekly declines, breaking the complacency for the u. S. Equity averages. Over the last few months, the s p was on day 43 of not making a 1 move. That has been broken. There are technical reasons the downside could continue. , thisk in the bloomberg is a twoyear chart of the s p 500. It is traded in a range. The orange oval is the range of complacency. That thisreasons could break toward the downside or to the bottom of the range. There could be more to come where todays risk off. One reason for the risk off oil confirming the risk off tone with oil down 2 on the session, paring gains. Investors seem to be reconsidering the plunge in stockpiles reported earlier, saying it is a oneoff due to a storm. The majors down, including chevron and show. The s p 500 energy index on pace for the worst decline sin
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Not just living off your paycheck. Theres some people call them the 1 if you want who can make enough from their ordinary daytoday income to become truly rich or for the vast majority of americans, the paycheck, its simply not enough to get you there you need to augment it. If you keep watching, im going to tell you how to do just that, not just for the next year or two years, but for the rest of your life. Usually i come out here and tell you what i think of the market, what themes i think are doing best, the stocks that fit those themes. But before you start investing in stocks, there are a lot of other things you have to do if you want the payoff from those investments to mean something. Tonights the exception. You may not want to hear this but its absolutely fruitless to think you can get rich in stocks if you havent laid down a foundation for building longterm wealth beforehand. What do i mean by that . Simple, you can make a fortune in the market, but if youre hemorrhaging money
Important one but one part of building real wealth. Not just living off your paycheck. Theres some people call them the 1 if you want who can make enough from their ordinary daytoday income to become truly rich or for the vast majority of americans, the paycheck, its simply not enough to get you there you need to augment it. If you keep watching, im going to tell you how to do just that, not just for the next year or two years, but for the rest of your life. Usually i come out here and tell you what i think of the market, what themes i think are doing best, the stocks that fit those themes. But before you start investing in stocks, there are a lot of other things you have to do if you want the payoff from those investments to mean something. Tonights the exception. You may not want to hear this but its absolutely fruitless to think you can get rich in stocks if you havent laid down a foundation for building longterm wealth beforehand. What do i mean by that . Simple, you can make a for