Global stock markets traded higher today after U.S. President Donald Trump seemed to change his earlier decision to halt talks on a second federal stimulus package. 

In the U.S., weekly jobless claims turned out worse than expected, and continued to indicate a slowdown in hiring. This highlights the fact that only half of the 22 millions jobs lost to the pandemic have been recovered. 

There’s a general agreement amid analysts and investors that we need another round of economic support, and the U.S. election could play a critical role…

In today’s video, I have more on the overall market sentiment in light of the jobless claims report… current support levels for the S&P 500 and Nasdaq 100… and two stocks showing an inside day high-trading pattern.

My Top ETF as GameStop Prepares to Report Earnings

My Top ETF as GameStop Prepares to Report Earnings

 The market is little changed following news that the U.S. House passed a debt ceiling bill and sent it to the Senate. The Fiscal Responsibility Act passed with bipartisan support, and is key in raising the debt ceiling and preventing the U.S. from defaulting....

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My Top Trades With More Tech Earnings on Deck

My Top Trades With More Tech Earnings on Deck

 Before we get to today’s stock market outlook, I want to let you know that I’m appearing on “Roundtable With Don Yocham” alongside Celeste Lindman and Jeffrey Muller at 11 a.m. ET today, May 31! Join us here: https://prosperitypub.com/roundtable We’ll discuss...

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2 Overdone Sectors and an End to the Debt Ceiling Crisis

2 Overdone Sectors and an End to the Debt Ceiling Crisis

 The major indexes rose to start the shortened trading week Tuesday morning on positive news regarding the debt ceiling debate. President Joe Biden and House Speaker Kevin McCarthy appeared to reach a deal over the long Memorial Day weekend on raising the U.S. debt...

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