Just as we’re almost entering our last trading week in January, the second shoe finally dropped.
Futures are way down this morning and global markets have retreated after a resurgence of the coronavirus in China.
It was only a matter of time.
Some investor optimism for vaccines was extinguished as outbreaks in Beijing — the city where the disease had been most under control — spiked, and another travel ban emerged.
And that’s not even the biggest factor moving the market right now: 10% of earnings have been reported.
Get a broad view of where we stand with earnings, how the market is reacting and how it will impact your trading here.
In today’s video, I also cover the biggest threat to the stock market… where to find smart opportunities… whether earnings are outperforming or sagging… the top sectors to watch and the worst sectors to fade.
I’ve been warning my readers for weeks that the broader indexes look overstretched… meaning they could snap back at any moment into a correction.
I’m not saying this is going to be the catalyst that shakes up the market, but it doesn’t hurt to start preparing now for a changing climate.
To get you started, I’ve teamed up with expert trader Tom Busby to bring you a timely training seminar. In it, we’ll show you how to spot stocks set to climb — regardless of headline news or market volatility.