Global stock markets opened lower today as investors wait for signs that Democrats and Republicans could deliver more economic aid before the Nov. 3 presidential election.
On Wednesday, the S&P 500 lost 0.2% as U.S. political leaders quarreled over implementing a fresh economic stimulus package after the $600-a-week extra unemployment benefits that supported consumer spending expired.
House Speaker Nancy Pelosi said negotiations have been productive. However, the potential aid deal could face objection in the Senate after Majority Leader Mitch McConnell told the White House not to continue.
McConnell’s not doing President Trump any favors…
In today’s video, you’ll see which reports are impacting the stock market this week… critical trading levels for large-cap stocks… and three low-risk, high-probability trade setups you can take advantage of today.
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With election volatility skyrocketing, the markets are setting up a perfect storm… In fact, we’ve already seen gains like 282% on American Express Company (NYSE: AXP)… 230% on Intuit Inc (Nasdaq: INTU)… and 399% on Apple Inc (Nasdaq: AAPL).
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These aren’t just typical stocks. They’re stocks that Wall Street may have already written off, and the Robinhood Effect is sending them soaring.
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