Global shares opened strong today after China reported its economy advanced at a 5% annual pace during the third quarter. S&P 500 and Dow futures rose, while most Asian benchmarks also advanced. 

China was the first economy hit hard by the coronavirus outbreak, and the first to begin reopening after extensive shutdowns. And while China’s economic reports are notoriously deceitful, the country’s exports are rising, which tells me they might be speaking the truth…

In the U.S., retail sales increased 0.9% year over year even after the $600-a-week extra unemployment benefits that supported consumer spending expired. That also follows a 7.2% contraction during the first half of this year.  

In today’s video, I’ll explain how earnings season is shaping the stock market… key levels on major indexes… the top industries right now… and the biggest report to watch this week. 

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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