I hope every father out there had an amazing Father’s Day yesterday, I know I did.
Looking at the stock market, world stocks mostly opened lower this morning as countries reported a surge in virus cases over the weekend. The global total is now nearing 9 million.
The United States reported an additional 30,000 thousands cases, marking the highest number of infections in over a month. This is a major cause for concern: How can investors hope for economic recovery with a possible second wave on the horizon?
This is exactly what economists don’t want to see happening, especially since the S&P 500 is doing this.
In today’s video, I’m also covering earnings expectations for the S&P 500…. the sector with the best earnings… the sector with the worst earnings… the biggest report this week… and the three earnings reports you can’t afford to miss.
Tom Busby has discovered a strange phenomenonthat’s been causing hundreds of stocks to increase in value on the exact same day every single year….
Some of the most elite traders have all confirmed this information, but none of them have been able to explain what is going on….