The U.S. economy is slowly reopening after several weeks in the lockdown caused by COVID-19. Department stores, malls, and gyms are opening at restricted capacity. And even theme parks are now following suit – albeit at limited capacity.
The markets are apparently taking the reopening as a good sign. After bottoming out on March 23, the S&P 500 has rallied back 35% and topped the 3,000 level this past week for the first time since March 5.
But despite the comeback in stocks, gold and bitcoin are still outperforming. They’re up over 14% and 30% this year, respectively. So if you’re looking for a good hedge against volatility and you haven’t added them to your portfolio yet, you’ll be better off if you do now…
Managing Editor, Palm Beach Daily
P.S. As I mentioned above, the economy is finally starting to emerge from the coronavirus-induced lockdown. And there’s one industry using cutting-edge technology to help alleviate the coronavirus crisis.
In fact, it’s helping to secure supply chains, authenticate N95 masks, and is projected to help the health care industry save up to $150 billion each year.
Daily editor Teeka Tiwari calls it his No. 1 investment of the decade. Click here to see why…