Despite rising worries over AstraZeneca’s COVID-19 vaccine, global stock markets and U.S. futures are higher this morning following Wall Street’s record close on Monday.
A growing number of European countries are suspending the use of AstraZeneca’s vaccine after a handful of people reported blood clots after use. However, the World Health Organization said countries should continue to administer the drug until further investigation.
But take a look at this…
Monday I showed you the iShares 20+ Year Treasury Bond (Nasdaq: TLT) and explained how price action is moving lower. Meanwhile, my RSI (relative strength indicator) oscillator is moving higher. That’s called divergence, and it tells me the bond market is grossly overbount and could move sideways for a while.
In today’s video, I’ll explain whether the Nasdaq will snap back or fall down… what Federal Reserve data is impacting stocks today… whether COVID-19 remains a major issue in the market… the top back-to-normal stock to watch… and the top financial stock to add to your portfolio.