Despite a weak close on Wall Street on Monday, global stock markets are mostly higher today.
But that’s not what has my attention today…
Fears of rising inflation still linger. The iShares 20+ Year Treasury Bond (Nasdaq: TLT) is moving lower. And if you look at the weekly chart, it’s starting to clip its 200-day moving average. These pullbacks are shallow, which means the trend is intact.
In today’s video, I’ll show you how the long bond is influencing the stock market… why this week’s employment data is crucial… whether tech and Consumer Discretionary will lead… which sectors are rising and lagging… and the top stay-at-home stocks breaking down right now.
These were some of my favorite stocks for the stay-at-home environment nearly a year ago. In fact, three of them were on my top 5 list. But no more…
P.S. I know you guys have heard all about GameStop and its sudden, meteoric rise and 4,200% returns amid a massive short squeeze.
But what you probably haven’t heard is that it’s not the only stock getting squeezed!