Although market sentiment appears fragile due to the absence of progress in U.S. talks about more economic aid, global markets actually turned higher today.
In fact, the S&P 500 is within 2% of its all-time high set in February. This astonishing turnaround from when the virus sent stocks tumbling in March demonstrates that investors are not only gaining confidence from improved economic data, but also better-than-expected Q2 corporate earnings.
But will it be enough to keep the momentum going…?
In today’s video, we’re also going to cover the current state of the global economy… whether U.S. stocks are overbought… the best pullback defensive trade right now… and its entry and exit levels with option strike price.
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