Global stock markets traded higher today, looking to resume their February rally.
Investor sentiment has been fueled lately by the widespread distribution of COVID-19 vaccines and the Federal Reserve’s initiative to buy as many bonds as it takes to keep the markets running without a hitch. However, disappointing earnings from the Consumer Discretionary sector are beginning to offset those hopes.
We have to stick with the trend, folks…
In Washington, Democrats plan to push ahead with President Joe Biden’s $1.9 trillion economic aid plan without Republican support. The proposed plan will give most Americans another round of stimulus checks and likely raise the federal minimum wage to $15 an hour.
In today’s video, I’ll explain why the stock market continues to rise… the single biggest threat to rising stocks right now… two simple tools to help you determine overall market conditions… how to take advantage of the 50-day moving average… and two trade setups you’ll want to take advantage of now.