The Economic Snapshot by James Marchese is available online.
According to James Marchese, the Dow Jones Industrial Average has dropped as a result of increased limits and global shutdowns. The majority of James Marchese’s work focuses on market and current event analysis. From following the stock market, you can learn a lot more than only about economic problems. The most important thing to remember is how different people react to different stimuli and how this affects our daily lives. This issue has a negative impact on every country on the planet.
Austria’s decision to re-close its borders has heightened European instability. The S&P 500, on the other hand, is up 1%, while the Dow is down 200 points. In addition to his other responsibilities, James Marchese is a mortgage broker who maintains a careful eye on the financial markets. He shares his perspective on what is going on right now and what is likely to happen in the future.
Anxiety is increasing in intensity.
The Austrian lockout, as a reminder, is likely to run no longer than one week. On the other side, the best-case scenario is as follows: According to James Marchese, they are fearful that the calamity would affect the entire continent. Given how far we’ve come in terms of immunization rates in this country, I’m concerned about more than just the state of the US economy right now. Because the world is full of unknowns, it makes sense to put money into safe-haven assets on the stock market.
James Marchese wrote an essay called Falling Stocks.
Despite the fact that crude oil prices continue to fall, gasoline prices continue to rise. What good is having fuel if people are unable to leave their homes because of lockdowns? Major airline carriers and cruise lines, according to James Marchese, are also experiencing a decline.
According to the research, cannabis sales have also declined as a result of customers’ fears about the drug’s federal legality. Businesses continue to be concerned about inflation and supply chains, fearing that they will not be able to purchase enough goods to meet demand.
The value of the Nasdaq has increased.
Since the market reverted to 2020 accounting guidelines, technology firms have risen on the Nasdaq. I appreciate everything that can be done to encourage people to stay in their houses during the cold winter months. Although the efforts to Build Back Better have lofty ambitions, spending and job creation are not expected to bear fruit until much later in this decade than planned.
What Will Be Our Next Step?
While the Dow Jones Industrial Average continues to fall, mortgage broker James Marchese says the Nasdaq and S&P 500 have risen, which is reassuring. We will be able to weather the current difficulties, he believes, if we can keep the economy moving in the right path. If we all work together to contain COVID, this is quite likely to be the case.