Bond yields are up while global stock markets and U.S. futures are mixed this morning, even though the Senate passed a $1.9 trillion COVID-19 relief bill.
The Senate passed on Saturday President Joe Biden’s economic aid package that’ll send most Americans $1,400 payments as well as cash to businesses hit hard by the pandemic. This is great news for Biden’s administration and Democrats who are rushing to get out another round of aid.
But you wouldn’t know it by looking at the market right now…
While everything was looking peachy, I’ve been telling you for months that the market is overstretched. And now, the number of stocks trading above their 200-day moving averages dropped from the 90th percentile to the 70th percentile. It’s not good to see a down market on positive news, folks.
In today’s video, I’ll show you how much downside we can expect from the Nasdaq… whether momentum levels are beginning to balance… which reports could impact market action this week… which sector you should focus on right now… and the top stocks roaring to new highs.
P.S. Have you noticed how stocks fall and are quickly written off by retail traders… And then randomly out of nowhere, they skyrocket?
That’s all thanks to modern-day Kingmakers.
But who are the Kingmakers? And how do you get in on the action before they send a stock soaring?
Stock market expert Adam Sarhan has all the answers… and he’s finally ready to reveal how you could take advantage of massive moves by The Kingmakers.