Global stock markets edged mostly higher this morning as 2020 comes to a close. Shares in London, Paris, Hong Kong and Shanghai rose, while Tokyo’s benchmark retreated after surging to a 30-year high on Tuesday.
That doesn’t look like a bear market to me…
In the U.S., President Donald Trump’s attempt to increase individual economic relief checks to $2,000 was blocked by the Republican-led Senate. For the time being, most will see $600 direct payments, extra unemployment benefits for laid-off workers and aid for other government functions.
In today’s video, I have more on which U.S. Federal Reserve reports will continue to impact the stock market… the most probable trading action for the first quarter of next year… and which sectors are prone to either rise and fall next.
P.S. Did you know there’s a hidden market that explodes the first year a new president takes office… regardless of their party affiliation?
In fact, this market gave investors the opportunity to earn 153% on their money the last two times a Democrat was sworn into the White House. And I think it could happen again in 2021.
There’s only one catch…
The window to take advantage of this hidden market is rapidly closing… and you need to learn about it before Jan. 21.
That’s why I decided to host my annual Turning Point event before President-elect Joe Biden takes office — giving you the best chance to grow your account in the new year.