Global stock markets and U.S. futures traded higher today despite President Donald Trump demanding Congress to increase it’s $900 million U.S. economic aid plan, calling the relief package unsuitable.
Overnight, however, the S&P 500 lost 0.2% as Trump urged political leaders to increase payments to the public since the approved plan would only send most Americans a one-time payment of $600 as well as $300 a week in extra unemployment benefits to laid-off workers.
And I’ll tell you now, the markets aren’t loving this plan either…
In today’s video, I’ll explain what impact the economic stimulus package has on the stock market… the biggest threat to stocks right now… what major reports you’ll want to pay attention to… and three stocks you’ll absolutely love.
P.S. The media is buzzing about Congress’ $900 billion stimulus package and what it could mean for the U.S. economy and the stock market.
Any time big news like this breaks, it has the potential to impact stocks and cause market volatility. And this announcement couldn’t come at a more tenuous time.
I’ve been warning my readers for weeks that the broader indexes look overly stretched out… meaning they could snap back at any moment.
We’re 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 help you get started, I’ve teamed up with WealthPress trader Tom Busby to bring you a timely training seminar. In it, we will show you how to spot stocks set to climb regardless of headline news or market volatility.