by Gary S. Morrow | Mar 30, 2020 | Chart of the Day, Commentary
Last Monday, as Pfizer’s 2020 flush reached 32%, the stock re tested a major support zone. The $27.00-$28.00 area held the 2014/2015/2016 lows. Last week’s low was $27.90. Is another major low in place? At mid day PFE is trading above last week’s...
by Gary S. Morrow | Mar 30, 2020 | Commentary, Market Update
This is not the first, and it won’t be the last. End of the world? Not so much. Hat tip Steve Burns
by Gary S. Morrow | Mar 27, 2020 | Commentary, Market Update
Market Portfolio Review: 03-26-20 – LifePro Asset Management In this week’s edition of the LifePro Asset Management Market & Portfolio Review, our head of Wealth Management, Robert Reaburn, will provide a guide on navigating market panics and how clients can...
by Gary S. Morrow | Mar 27, 2020 | Commentary
The Highlights: • A $350 billion forgivable loan program designed to ensure that small businesses do not lay off employees • A 50% refundable payroll tax credit on worker wages will further incentivize businesses, including ones with fewer than 500 employees, to...
by Gary S. Morrow | Mar 26, 2020 | Chart of the Day, Commentary
By next week the average price of a gallon of regular fuel will be below $2.00. One year ago it was at $2.65. For a 20 gallon tank, that’s a savings of $13.00. Gas in the tank is not a discretionary expense for most Americans. Lowest price/gallon=Oklahoma/$1.65....
by Gary S. Morrow | Mar 24, 2020 | Chart of the Day, Commentary
The Bank of New York Mellon Corporation was raised to ‘Buy’ from ‘Neutral’ by Goldman Sachs today. At last week’s lows BK had fallen over 45% from its 2020 peak. This steep dive pushed shares to their deepest oversold reading(weekly MACD)...
