Why the Dow Fell 300 Points Today

This week's podcast

In light of the Dow’s more than 300-point drop this afternoon, I’ve recorded a special podcast to address today’s stock market action and why I view today’s dip as a good buying opportunity.

Overall, the stock market has used the bad press surrounding President Donald Trump as a reason to take a breather the past two days. Ever since Inauguration Day, there have been anonymous leaks that insinuate a lot of things about President Trump. Yet, there’s no proof. The insinuation, though, is hurting the Trump administration.

Let me be clear…Trump is not going to get impeached because of the Republican majority. These leaks were mainly done to disrupt the Trump administration’s agenda. The media has now overloaded the Trump administration with wave-after-wave of attacks and they’re struggling to fight back.

As a result, the dollar is weak, the yield on the 10-year Treasury is falling and the S&P 500’s dividend yield is back above 2%. Remember, when the gap between 10-year Treasury and S&P 500 yield narrows, it’s a good buying opportunity. So I look for the stock market to bounce from here.

Of course, I expect our stocks to do even better. Strong earnings and sales, as well as positive analysts’ revisions will continue to propel our stocks higher. We’ve had a stunning year so far, especially as positive first-quarter earnings and sales results drop-kicked many of our companies’ shares higher. So I view today’s dip as a great buying opportunity in our stocks that have run higher recently.

Click on the player above to listen to the podcast.

Sincerely,

Louis Navellier

Louis Navellier

A Special Post Election Podcast

This week's podcast

Well folks, the votes are in, and Donald Trump will become the 45th president of the United States. This was one of the most contentious elections in U.S. history, and the outcome certainly surprised Wall Street, as the benchmark indices opened substantially lower today. It’s never fun to wake up to this kind of drop, and that’s exactly why I’ve recorded this special post-election podcast this morning.

You see, while others are getting caught up in the knee-jerk selling action, I do not recommend following the crowd. The good news is that now that we know who will occupy the White House for the next four years, the recent uncertainty in the markets should finally begin to dissipate.

In this special podcast, I cover the highlights of what all investors need to know about in this post-election environment:

  • Why the stock market continues to be the best place to invest.
  • Which of President Trump’s policies are good news for Wall Street.
  • The top sectors—and worst sectors—for the Trump victory.
  • My outlook for stocks through yearend.
  • The best time to buy stocks today.

There’s no doubt that today’s results have shocked the political establishment and the media, and these shockwaves are being felt in the financial markets. We saw a similar kneejerk reaction with the Brexit outcome in late June.

However, stocks bounced right back after the news cycle had moved on, and I expect the same thing to happen here. The stock market still has an excellent foundation under it, and I still expect a strong finish to 2016. So please hang tight; if you’re a bargain hunter, today should open up some excellent buying opportunities.

And if you encounter any technical issues in playing the recording, please contact my customer service team here, and they’d be happy to get you squared away.

Click on the player above to listen to the podcast.

Sincerely,

Louis Navellier

Louis Navellier

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