Hello and Welcome to our June 2020 Financial Planning and Capital Market Update!
If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast audio format as well as Video!
We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets and current events!
Hope you enjoy!
July – 2020 Video (YouTube)
Financial Planning Tip –
Careful Use of Credit Cards to Maximize Perks
We carefully spoke on the use of Credit Cards and maximizing their points and incentives due to repeated inquiries about the topic, in this post.
Credit Cards can be very dangerous and the card companies want us to carry balances … so PLEASE BE CARFUL!
Vaccine Update – It’s Looking Good
In this post we pointed to an excellent Bloomberg Tracker that is showing multiple Phase III drugs about to hit the testing.
Phase III is the last one before mass production… making for a very fast track of multiple possible cures for Covid.
This is also market friendly as well.
Capital Market Comments
The Look Through Continues – Expect Bumps
Not trying to sound like a broken record, but in April we proclaimed that smart market participants may likely look through the valley and over the hill to eventual earnings.
As a reminder, we were really on an island as very few were positive at that time.
They did, and continue to do so … with a bit too much rose colored glasses in our opinion…
We continue to expect bumps as there are tons of unknowns and a negative narrative can take over quickly…
Not letting our guards down!
Have a Great July Update!
Talk to you at the end of August!
John A. Kvale CFA, CFP