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Stock Market Roller Coaster
From:
Jack Hanney Jack Hanney
Los Angeles , CA
Friday, June 12, 2020

 

Economist Jack Hanney, available by Zoom, Skype or Phone from L.A.

To say the stock market is on a wild roller coaster ride would be an understatement, with the close on Thursday representing the 4th biggest single day point day in the history of the Dow. 

 

That 1862-point drop would have been the biggest ever had it not been for three COVID-19 drops in March—eclipsing the drops of the Great Depression in terms of points and even giving it some close competition in the form of a single-day percentage drop. 

 

Helping us sort this out is economist Jack Hanney, founder of Patriot Gold Group. 



 

Q&A: 

 

  1. The President says that Fed Reserve Chair Jerome Powell is not doing enough for stocks.  What more can be done?  

 

  1. Who pays for the stimulus and rescue packages intended to save businesses and Americans?

 

  1. We're now a record $26 Trillion in debt: What does that mean to the middle school teacher or the local mechanic in Tulsa and why should they care?

 

  1. Is the volatility in the market mirroring Covid19 reports?  Could a 2nd wave in coronavirus also cause a second fall in stocks?

 

  1. What should Americans with retirement accounts look for?  Should they buy and hold?

 

  1. What are the best-case and worst-case scenarios for stocks and the U.S. economy by the start of 2021?

 

  1. What can the average American do to prepare today for their financial future? 

 

  1. Where may we get more info on you, your writings, and your financial advice? 

   

 Answer: https://PatriotGoldGroup.com/ 



 

MarketWatch reference article: 

 

https://www.marketwatch.com/story/dow-futures-tumble-550-points-as-stock-market-investors-watch-rising-cases-of-coronavirus-fed-offers-grim-outlook-of-us-economy-2020-06-11



 

ABOUT JACK HANNEY…

 

Jack Hanney has been in the financial markets for 20+ years and is widely heralded as an expert in his field.

 

Born and growing up in Westchester County, NY where his father was a successful politician and owner of an Insurance Brokerage Firm. Jack began subscribing to The Wall Street Journal at the age of 14 and moved to California in his early 20's to study under William O'Neill, arguably the single most successful investor in the history of the markets and founder of Investor's Business Daily and author of How to Make Money in stocks.

 

Jack Hanney went on to be the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets working with Introducing Brokers out of Chicago, Geneva and NYC. Jack was recruited by several tech startups and made a name for himself at Infosearch Media, Virtumundo and The Design People before returning to Finance. Jack passed on Morgan Stanley and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services where he spent 4 years 2010-2014.

 

Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before collaborating with two other prominent experts in his field and opening Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.

 

Jack has written over 200M in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner, who he refers to as dear friends and family and now … welcoming them to the PGG family of investors. Jack resides in Los Angeles, California and is the proud father of his two daughters, Kate age 10 and Luna age 18.

 

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