As seen on this week’s Wealth Watch…
The HCM-BuyLine® has been roping and wrangling frantic investors as they all act like a wolf snuck into the chicken coop. Despite drastic news and sweaty anchors, the HCM-BuyLine® proves there’s enough slack to go around. It’s October and it seems the entire world is on the edge of their seats waiting for November 3rd to show its ugly teeth. Until then, the HCM-BuyLine® will be sitting back with its sling shot while donning a straw hat.
Who Else Spotted the Stock Market at the Rodeo?
In other news, the stock market has experienced more ups and downs than a barrel racer in a wave pool. While the market hangs out at the rodeo, it’s tried to partake in bull riding, axe throwing, ring tossing, and good ole fashioned pie eating contests. Other than being sent home with a stomach ache, the stock market isn’t sure if it had a good time or a great time in 2020. The S&P 500 is going to see many dips and dives similar to a wild hog poked by a stick. Don’t sweat it though, the HCM-BuyLine® is still aiming over the fence and striving to protect investor’s truffles.
Vance Howard is Just as Psychic as You Are
He’s said it once and he’ll say it again, “turn off the news.” Vance Howard has operated a crystal ball just like you’ve ridden a unicorn. He can’t predict what will happen in the election and he won’t try to. Why not? Because worrying is like sitting in a rocking chair, it’ll give you something to do, but it won’t get you anywhere. The HCM-BuyLine® seems to be the only positive one on the porch as it tips it’s straw hat and agrees.
What About the Elephant in the Room?
For the past 20 years the market seems to have acted as a barometer for our economy’s strengths and weaknesses. For a long time there has been a correlation between the president and stock market’s well being. Long story short, if the market is down the tube it could be signifying a change of presidency is on it’s way. If the market is throwing an ongoing fiesta then it could signal the current president may be sticking around. These are just historical recollections, they are not concrete predictions. Keep that in mind.
Raise the Roof, We’re Moving In and Out
2007 seemed to have been a big year for building permits and housing starts, but apparently it’s no match for the 2020 housing intrigue. Single-family housing starts increased 8.5% to a 1.108 million unit rate, the highest level since June 2007. After the pandemic hit cities large and small turned into revolving doors as there was migration throughout the country. City slickers are opting for one-horse-towns and suburban areas to avoid ridiculous rents and closed bars.
Building permits also rose 5.2%, again beating March 2007’s shiny record. It has come to our attention many people got the dough, they’ve just been on the hunt for a home to bake it in. Even in the Northeast, single families are slapping cash down in small towns like they’re the new sheriff in town. The charts aren’t mad about seeing a 66.7% surge, and neither are developer’s pockets. If there was ever a time to move out of your mom’s basement, it’s now.