Global stock markets were mostly lower overnight as economic uncertainty and coronavirus cases continue to grow in many areas around the world.
In the U.S., the Federal Reserve and Congress’ lack of action to help the economy amid the upcoming presidential election has left many investors and traders feeling less confident.
And a lot of rumors are flying around because of it….
But besides pandemic and political concerns, Big Tech stocks — like Apple and Amazon — have been the center of attention during recent market volatility. The two stocks skyrocketed due to the work-from-home environment and trends favoring digitization, but slid on expectations that they grew too fast too soon.
In today’s video, I have more on why U.S. stocks are pulling back… major support levels based on technicals and momentum levels… and two REITs you need to sell NOW.
P.S. The stock market has been pulling back HARD lately…