Wednesday, August 7, 2024

📌 Your Midweek Bulletin - August 7, 2024

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Manward Digest
 

How to Respond to a 1,000-Point Dow Drop

Alex Moschina

Alex Moschina
Publisher

In our last piece, we said market volatility is a gift.

That was before the Dow dropped 1,000 points and the VIX had its biggest intraday percentage gain... ever.

In light of the historic carnage, you may be wondering...

Do we still consider volatility a gift?

Absolutely.

And we're far from alone.

[Seven Must-Own Stocks for AI Investors. Details Here.]

In fact, we actually shelved Robert's original piece that we intended to run yesterday in favor of this one, which he filed late Monday - after the dust had settled for the day.

"Clearly, people are scared right now," Robert wrote. "But when fear is at its peak, savvy investors know it's time to buy."

That's proven true over and over.

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Throughout history, when the VIX spikes like it did on Monday, it often signals we are at or near a market bottom...

The perfect time to jump in and open discounted positions on quality stocks.

Manward subscribers can see it.

"Good commentary," wrote one reader. "Spot on, buy the dip."

Another asked, "How high should the VIX go before I buy?"

As those of us in the business of writing about the markets like to say, we don't have a crystal ball... BUT... market volatility - while still high - is clearly receding.

VIX

View larger image

And the Magnificent 7 stocks - while mostly down from where they started the month - are all recovering from their Monday drops.

Meta Platforms (META) has led the pack, on the heels of an earnings beat that lifted shares to an all-time high late last week.

For Shah's thoughts on whether Meta, or any of the other Mag 7 members, warrant consideration from investors right now, check out today's special edition of Buy This, Not That.

Click here or on the thumbnail below.

Video - Buy This, Not That
 

We'll have more thoughts, tips, and ideas for you as markets recover this week.

And if things turn sour once more? Well...

You know we'll have you covered there, too.

Have a great week,

Alex

P.S. If you've had enough of the market's many ups and downs this year... we hear you. You're not alone. That's why on Monday, August 12, Shah is going to open up his personal playbook for the rest of 2024. You won't want to miss it. Click here to set a reminder for the big event.

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What Else We're Talking About

 

Monday Takeaways: Sentiment Has Turned… Get Ready to Buy

Tired or stressed businessman

The Fed's promise of a rate cut did nothing to calm nerves after a poor job report. Here's what's coming…

This Is the Absolute Best Time to Buy Stocks

Buy or sell buttons concept

While everyone was panicking, the market just gave us one of its strongest historic "Buy" signals. Keep reading...

Buy This, Not That: When to Load Back Up on the Magnificent 7

The Magnificent 7 - Tech's Leading Innovators

The Magnificent Seven have sold off hard. In this special edition Shah shows us where the best buying opportunities are. Find out here.


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Alex Moschina

Alex Moschina is the Publisher of Manward Press. A gifted writer, editor and financial researcher, Alex's career in publishing began more than a decade ago when he worked at one of the world's leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada.

 

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