Global stock markets are mixed (and look extremely overbought) this morning following Wednesday’s selloffs in both the technology and health services sectors, putting an end to Wall Street’s winning streak.
Shares recently have been pushed higher on the idea of rolling out a potential COVID-19 vaccine in the U.S. and other countries around the world.
But there’s only so far they can go, right?
In the U.S., investors closely eye Washington for developments on a fresh economic stimulus package to support struggling citizens, businesses and state governments. However, political leaders are still divided on the Trump administration’s latest $916 billion proposal.
In today’s video, I have more on the biggest catalyst for the Nasdaq 100 selloff… how negative unemployment numbers are impacting the stock market… how to allocate capital between stocks and ETFs after a major run up… and the best stocks to short for high profit potential.
P.S. Thanks to a mysterious event that occurs every Friday at 4:01 p.m. EST…
A select group of traders have the opportunity to collect hundreds, and potentially even thousands, of dollars in profits every few days.
The kicker? Most folks have absolutely no clue that these “Phantom” trades even exist.
But Live Trade Profit Head Trader Josh Martinez and I have developed a proprietary trading system specifically designed to isolate these recurring market phenomena.
And we’d like to include you in our market-beating strategy.