Global stock markets slipped this morning as investors started losing faith that U.S. leaders will create a new economic stimulus package prior to the Nov. 3 presidential election.
Market sentiment faded Wednesday after U.S. Treasury Secretary Steven Mnuchin mentioned he and congressional leaders are “far apart” on reaching a deal to provide financial aid for struggling citizens and businesses.
In Europe, fears are growing that there are no more chances to curb a resurgence of coronavirus cases as countries like Germany, the Czech Republic, Italy and Poland hit record-high daily infections. Some cities have already applied new restrictions, such as curfews and restricted travel, to contain the virus.
In today’s video, I’ll explain why the U.S. stock market is sagging… the most important data coming from the U.S. Federal Reserve… the most vulnerable index right now… and the weakest stocks to sell.