Global stock markets and U.S. futures traded mostly lower this morning as the COVID-19 pandemic outweighs hopes for more economic aid.
Investors and traders are optimistic that President-elect Joe Biden and the Democratic Senate will deliver more economic stimulus to struggling workers and businesses, something that could also benefit other export-driven countries like Asia.
But how much will it cost us?
In the meantime, the Labor Department reported Friday that employers cut 140,000 jobs in December due to worsening COVID-19 pandemic conditions. It’s the first time employers have cut jobs since last April.
In today’s video, I have more on the current state of the U.S. stock market… why markets are overbought right now… one industry that’s set to fall with the new administration taking office… and three stocks you’ll want to fade.
P.S. We’ve all heard that buy-and-hold strategies are the surest way to make money in the stock market…
But I’m here to tell you that’s simply not true.
In fact, one Wall Street insider just revealed the secret to making triple-digit gains on stocks like Facebook Inc. (Nasdaq: FB) and Apple Inc (Nasdaq: AAPL)… in as little as 24 hours.
Stop waiting years for your investments to pay out when you can start enjoying your returns today.