We went from some of the greatest economic conditions in terms of employment to “historically worst we’ve ever seen.” Jobless numbers came out today at 2.438 million (higher than the consensus estimate) — adding onto the nearly 40 million that are already unemployed.
Global stocks have also fallen today as investors are unhappy with weak economic data out of Europe and Asia, as well as the mounting trade tensions between China, the U.S., and Australia…
The last thing anybody needs during this economic plunge is a trade war.
Let’s take a look at how the market is reacting.
In today’s video, I’m also covering the worst sector and industry in today’s environment… two stocks you need to fade or short now… and my analysis for the current market environment.
Before I let you go, I want everyone to ask themselves this: If you had the chance to turn $400 into a $200 million fortune…
A few days back, I gave you a list of my favorite momentum stocks to follow right now. Since then, my inbox has blown up!
But instead of asking for more stock picks, many of you are now worried about the dangerous momentum levels that lie ahead.