Global stock markets fell this morning as worries over rising COVID-19 infections outweighed reports that U.S. political leaders finally agreed on a fresh economic relief package for struggling businesses and workers.
Congress reached a deal Sunday on a $900 billion COVID-19 economic aid package that provides a temporary $300-a-week in extra unemployment benefits, $600 direct payments to most Americans and funding for schools, hospitals and renters facing eviction.
Investors are hopeful that the deal will help support the economy until the widespread distribution of COVID-19 vaccines takes place. However, the virus is likely to do further more damage until then.
In today’s video, I have more on how COVID-19 is impacting the economy… what divergence and momentum levels are telling us… the biggest factor that causes Christmas rallies… and two stocks you’ll want to short right now.
P.S. If you want to learn how to be more nimble in this stock market, I suggest you check out what former hedge fund insider Lance Ippolito is revealing.
It’s a trading strategy that could help you predict which stocks are ready to explode… setting you up for huge cash windfalls in as little as 24 hours!
But the best part?
Lance’s strategy also makes it easier to reduce your risk since it allows traders to spend less time in the market.
If that is something you’d like, then be sure to click here to learn how you can get in on these trades today.