Global stock markets traded higher this morning after U.S. President Donald Trump seemed to change his earlier decision to halt talks on a second federal stimulus package.
In the U.S., weekly jobless claims turned out worse than expected, and continued to indicate a slowdown in hiring. This highlights the fact that only half of the 22 millions jobs lost to the pandemic have been recovered.
There’s a general agreement amid analysts and investors that we need another round of economic support, and the U.S. election could play a critical role…
In today’s video, I have more on the overall market sentiment in light of the jobless claims report… current support levels for the S&P 500 and Nasdaq 100… and two stocks showing an inside day high-trading pattern.