This story was originally published here.
This has to be the most maligned stock market rally of all time.
It’s been called crazy, irrational, even stupid.
Analysts and economists say it proves just how out of touch stock markets are with the economy.
And yet stocks have been climbing since their March lows. Wait — rocketing up since their March lows. Wait — making the fastest 30 and 40% gains after a bear pullback – in the history of the U.S. markets.
Despite bad job report after bad job report, not to mention nationwide protests and potential signs that COVID-19 is making a comeback in multiple states, stocks have kept on going.
In fact, this week the Nasdaq has made new all-time highs.
Pundits are baffled. The News Media barely mentions it except to say it’s nonsensical.
They see the economy as being in dire straits. Unemployment is now well into double-digits (more on that in a moment), which pushes down consumer spending. Factories have been closed and shipping is on hold, meaning that even if consumers had money to spend, there’d be nothing for them to buy.
And most companies are showing massive revenue hits for March through May.
Under that view, surging stocks really don’t make sense. We’re reliving the Financial Crisis, they think, so stock markets should keep falling.
Except we’re not reliving the Financial Crisis, of course.
This pandemic downturn is different in almost every single way.
And that’s why economists stuck in the past keep getting it wrong.
Here’s what they’re not getting…
Editor's Note: Click here for the rest of the story.
A Personal Invitation from Joe Montana
Hi, I'm Joe Montana.
And I want to invite you to a join me during a special presentation about investing in one of the fastest-growing industries in the world – cannabis.
This is something you won't want to miss.
Now, you might be wondering “Why should I listen to an old football player about investing?“
Well, here's something you may not know about me.
After I retired from football, I started investing in startups.
I made some investments personally and even launched my own fund.
I've backed some of the most successful startups in the world – I'm talking about companies like Dropbox and Pinterest – long before they became billion-dollar giants.
But the numbers tell me that the cannabis industry has as much potential as anything I've seen in a while.
There's a projected $72.8 billion worth of untapped demand for the taking right now… and the market is projected to grow to $500 billion if not more…
Which makes right now a great time to invest in cannabis and lock in a ground-floor opportunity.
That's why I recently took part in The 2020 American Cannabis Summit.
It's an online event hosted by the National Institute for Cannabis Investors that was created to give you the information and tools you need to make the best possible investment decisions in this market.
If you have even a slight interest in investing in cannabis, you won't want to miss this event.
Click here to join the summit.
To Your Success,
Joe Montana
Guest Speaker, The 2020 American Cannabis Summit
