OH MY RONA!!

The nation is practically on lockdown and ain’t nothing we can do about it! People stay safe and WASH YOUR HANDS!! You know you have walked into the bathroom, handled your business walked to the sink and the person that was in the stall next to you decided 20 seconds was too long to wash their hands and proceeded to leave without doing so; those people needs to be called out and told to WASH THEIR HANDS!! Enough with this rant… see how to below

ok, ok, what is the economic impact does Rona truly have on our finances??I’m sure everyone by now has seen the stock market plummeting due to all the hysteria surrounding covid-19. Well for one Corona drinkers are no longer getting turnt from the Mexican beer as sales have dropped since this pandemic began. So corona drinkers are saving money or switching to heineken! Verdict is still out.

Some might already know this but the stock market is a finicky little number. It acts just like me on any given day. One day I’m up one day I’m down, other days I’m extra emo based on what someone said to me or if a dude I’m feeling hasn’t called me or texted me back. Get my drift?

The stock market changes based on all info whether its financially or health related. All news has an impact on the market; i.e job reports, politics, retail etc.

Many companies have manufacturing facilities in China so when all the hysteria started and China began to go into isolation this began the downward spiral that we are seeing today. This created delays in shipments to companies along with fear from investors about the future. Many companies that are barely hanging on such as JC Penney may not make it once this Pandemic ends or slows down.

China is a major player in the worlds economy. U.S. being one of their major exporters also makes it difficult for investors to see how the country can come out of this unscathed. Whenever there is uncertainty investors sell all their stocks and try to buy bonds or just keep their cash for fear of the market crashing.

If you own any stock via your own personal portfolio or a retirement account you’re probably freaking out. My personal portfolio has lost half its value. I should be freaking out right? Nah, Imma let it sit as this too shall pass. Remember don’t panic or do anything rash as the market always bounces back even if doesn’t happen as quickly as we’d want.

Many would say we have been in a bear market for the last couple of years and are moving towards a bull market. The federal reserve will create a liquidity serge by cutting interest rate. As of Monday they cut it to zero. It really doesn’t affect the average Joe because my mortgage payment doesn’t change unless I am refinancing. As the cases of corona continues to rise the U.S. markets will continue to be volatile because of it. Congress is trying to help stabilize the markets by injecting the economy with a fiscal stimulus. Basically the government is going to give you some money to spend. Don’t ask me how soon you can expect these funds or how much. It’s likely to happen within the next 3 mos. This is to try to stop the bleeding and prevent a deep recession.

• BEAR MARKET – Downward trend in the stock market
• BULL MARKET – Upward trend in the stock market
• CYCLICAL BEAR MARKET – Downward trend in the stock market that last months

Fun fact these names bull and bear came from a bull attacks by lifting its horns upward, while a bear strikes with its claws in a downward motion. cool huh? well I thought it was lol

Hope I was able to shed some light as to what we are experiencing on a financial level.