Penny Stocks Guru Timothy Sykes Talks About The Economy And Investments

Where to Next for the Financial Markets?

Foreword: The global stock markets have whipsawed wildly in 2020. What began as a year full of promise quickly devolved into a chaotic scene with stalled economic activity, massive and unprecedented unemployment, and millions of casualties from the novel coronavirus. Heading into Q2 2020, the Dow Jones Industrial Average, the S&P 500 index, the NASDAQ, and the NYSE are making a comeback.

Unfortunately, trillions of dollars of ‘investment value’ has been wiped out, and there is no clear pathway to prosperity. Over the short-term, US, European, Asian and African bourses are in the black, but the future remains unknown. It is against this backdrop that leading penny stocks trader, Timothy Sykes offers his perspective on the economy and investment opportunities.

The current social unrest and economic upheaval is largely attributed to rising levels of ‘fear and uncertainty’. This gives rise to a phenomenon known as market volatility. Ever since the pandemic gripped the global economy, it sank its claws into the financial markets, ripping the very guts out of global bourses.

In Tim’s own words, ‘… We've been experiencing a crazy volatile market since March thanks to the coronavirus – it's seriously unlike anything I've ever seen in my 20+ years of trading. It's so unprecedented, I even created a guide to help traders stay level-headed and trade smart during all this insanity – The Volatility Survival Guide.’ As a ranking voice in the penny stocks trading scene, his strategies have been featured across print and online media channels, with multiple instances of Timothy Sykes reviewed and interviewed by major TV personalities like Larry King, and Steve Harvey.

Waves of volatility rock the foundations of the global economy

The nature of the financial markets warrants careful consideration, as Timothy Sykes and other leading investment gurus advise. From the outset, the industries which took the biggest hits in the wake of the novel coronavirus pandemic include: cruise ship companies, hotel chains, restaurants, energy, airlines, et al.

To add insult to injury, civil unrest has sparked waves of protests, followed by violent rioting across major US cities including Minneapolis, Washington DC, New York City, San Francisco, Los Angeles, and beyond. Viewed in perspective, the status quo is volatility personified.

The May 25 arrest of George Floyd and his tragic death by asphyxiation (the police officer had his knee against Floyd’s throat for almost 9 minutes) has ignited a powder keg of civil unrest and rioting across the country. Ironically, the officer and the victim worked at the same nightclub as bouncers, albeit on different shifts. Since then, the officer has been remanded into custody at a maximum security prison, and his wife has divorced him.

In the meanwhile, billions of dollars’ worth of damage has been caused, scores of innocent people have been injured, several have lost their lives, and thousands of people have been arrested for inciting violence. Police brutality is a real thing in the US, and it's impacting the daily lives of millions of people. There is no freedom where there is fear, and there is no economic opportunity where there is no freedom.

Economic empowerment through financial freedom

Timothy Sykes believes that in times of tremendous uncertainty, volatility, and unrest, money can be a catalyst for change. He routinely posts about this on his social media page on Instagram, while listing stocks that he has profited from on Twitter and his personal blog. Strength through success appears to be his mantra, and success means dollars and cents to Timothy Sykes.

He sees money as a pathway to freedom and a life better lived. By channeling resources to charitable causes, and direct relief initiatives associated with the novel coronavirus, Timothy Sykes is bringing about real and lasting change when the waters seem muddied to most everybody trying to make sense of all the chaos.

Sykes states, ‘…Why not aim to make some money if you want to change the world? How you spend your donated money is up to you. And while you think about that, know that…’ His words ring true to the thousands of followers he already boasts on social media, and through his detailed trading courses. Fans of Timothy Sykes swear by his trading methodologies, particularly at a time when volatility (indicated by the CBOE VIX) is surging.

Economics is not driven by trading activity alone – it is fueled by myriad elements including geopolitical uncertainty, civil unrest, and other important issues dominating our cultural zeitgeist. The Black Lives Matter movement is gaining momentum in an era where there is paper-thin tolerance for the heavy handedness of US police officers against minorities. Sykes, as always, is ready to offer sage advice on what stocks to invest in amid all the uncertainty.

Stocks that Tim looked at in early June*

Some of the stocks that Timothy promoted in early June included Vislink Technologies (NASDAQ: VISL), Wrap Technologies Inc. (NASDAQ: WRTC), and Genasys Inc. (NASDAQ: GNSS). He routinely advocates penny stocks, which have strong upward potential provided the fundamentals of the stocks are sound. While these stocks are volatile, and risk of loss is ever present, it is important to research the fundamentals of the stocks to ensure that momentum is moving in the trader's favor.

*It is strongly advised that traders carefully research all stock trading opportunities before making any financial decisions. Traders are not encouraged to invest in the aforementioned stocks; they are simply the stocks that Tim was considering at the time the post was written. Markets are extremely volatile, and loss of capital can certainly occur.