In today\u2019s Steady Investor,\nwe look at key questions investors are asking, and factors that we believe are\ncurrently impacting the market such as:<\/p>\n\n\n\n
The United States\nLags Europe in Economic Recovery, For Now \u2013 <\/strong>Economic data from June\nsuggests that Europe\u2019s economic recovery is outpacing that of the United\nStates, at least for now. Purchasing Managers Indices (PMIs) are a good\nindicator of activity across services and manufacturing, and June readings show\nEurope accelerating as U.S. activity levels off. The composite PMI, which\ncombines data from services and manufacturing, returned to growth (a reading\nabove 50) in the U.K. and across the eurozone, with output advancing at its\nquickest pace in years. Meanwhile, in the U.S., the composite PMI for June\nticked only slightly higher to 50, indicating that activity had flat-lined\nafter five months of contraction. While services and manufacturing expanded in\nEurope, only manufacturing returned to growth in the U.S., with services\nlogging a sixth consecutive month of contraction. Covid-19 cases could be the\ndriving factor behind the diverging growth paths of the U.S. and Europe. While\nmost European countries are seeing a few or several hundred new cases a day,\nthe United States now accounts for more than 25% of worldwide cases, and\ncontinues to see over 50,000 new cases daily.1<\/sup> <\/p>\n\n\n\n ______________________________________________________________________<\/p>\n\n\n\n How to Use Market Volatility to Your Advantage<\/a><\/strong> Download Our Guide, \u201cUsing Market Volatility to Your Advantage\u201d<\/a>2<\/a><\/sup><\/strong><\/p>\n\n\n\n ______________________________________________________________________<\/p>\n\n\n\n Gold is Surging as\nthe Dollar Weakens \u2013 <\/strong>Many headlines this week focused on the surging price\nof gold and the concurrent weakening of the dollar. Indeed, gold prices rose to\na new closing record for the first time in almost ten years, extending a summer\nrally arguably fueled by nervous investors building portfolio hedges in light\nof a gloomy global economic growth outlook, depressed interest rates, and\nrising tensions between the U.S. and China. The \u2018gold rush\u2019 has actually been\nunderway since early 2019, and physical traders in London and New York have\nbeen trying to acquire more metal as individual investors order bars and coins.\nGold prices have also been on the rise as the U.S. dollar weakens. As we write\nthis, the U.S. dollar is on track for its worst month since April 2011, as a\nchallenging battle against the Covid-19 outbreak has weakened the recovery and\narguably prolonged the amount of time needed to return to pre-pandemic growth\nlevels. Traders have been selling the dollar and buying currencies of developed\ncountries where the pandemic is largely under control, such as the euro, the\nAustralian dollar, and Japanese yen.3<\/sup> <\/p>\n\n\n\n Did Google Just Set\nthe \u201cWork-From-Home\u201d Standard for U.S. Corporations? <\/strong>Google made headlines\nthis week, in becoming the first corporation to formalize policy allowing its employees\nto work from home until at least July 2021. The decision will affect nearly all\nof Google\u2019s approximately 200,000 employees, and was a decision made by CEO\nSundar Pichai. Mr. Pichai ultimately chose this course of action in an effort\nto help families plan for the full school year, and even to allow employees to\nsign full-year leases if they decide to move. Judging from the migration\npatterns of many American workers away from cities and to the suburbs, these\ntypes of \u2018work-from-home\u2019 policies may accelerate the trend of people trickling\naway from urban centers. Google has so far been the only major U.S. corporation\nto take such bold action, but stay tuned for others who may follow their lead\nshortly.4 <\/sup><\/p>\n\n\n\n From\nslowed economic recovery to the weakened dollar, it may be hard to find the\nsilver linings in the current crisis, but that doesn\u2019t mean they aren\u2019t there.\nTo help give you additional insight into how you can make the most of turbulent\ntimes, I recommend reading our guide \u201cUsing Market Volatility to Your\nAdvantage.\u201d5<\/sup> This guide can help you learn about our insights,\nbased on decades of experience, about how a volatile market may be able to\nactually help investors refine their strategies and potentially generate solid returns\nover time. If you have $500,000 or\nmore to invest, download this free guide today by clicking on the link below.<\/p>\n","protected":false},"excerpt":{"rendered":" Google sets work-from-home standard, high virus cases hamper U.S. recovery, gold prices surge<\/p>\n","protected":false},"author":3,"featured_media":7426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,73],"tags":[],"class_list":["post-8770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-client-group","category-steady-investors-week"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=8770"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8770\/revisions"}],"predecessor-version":[{"id":10567,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8770\/revisions\/10567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=8770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=8770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=8770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u00a0
As we wait for a vaccine and for the market to fully recover, many investors will have to brace themselves for continued volatility. Market volatility is challenging for just about every investor, especially with all the unknowns that come with the current pandemic. But for all the worry and discomfort volatility often causes, did you know there are also several positive aspects of volatility?
\u00a0
If you have $500,000 or more to invest, get our free guide, \u201cUsing Market Volatility to Your Advantage\u201d and learn our insights, based on decades of experience, about how a volatile market may be able to actually help investors refine their strategies and potentially generate solid returns over time.
\u00a0
You\u2019ll get our ideas on:<\/p>\n\n\n\n
\n
\nYou\u2019ll get our ideas on:<\/p>\n\n\n\n