Global stock markets are higher today on hopes that President Joe Biden’s $1.9 trillion economic stimulus plan will finally get approved.
Although Hong Kong’s manufacturing indicators for February reportedly weakened, the Shanghai Composite (all the A and B shares traded on the Shanghai Stock Exchange) increased 1.2% to 3,551.40. However, South Korea and Japan both showed signs of economic expansion.
This is something to keep an eye on, folks…
In the U.S., Biden’s $1.9 trillion COVID-19 relief package was passed Friday by the House of Representatives. The bill that could give most Americans $1,400 checks and cash to businesses hit hard by the pandemic will now move to the Senate.
In today’s video, I have more on whether inflation is playing a big role in stock market movement… the biggest Federal Reserve report to watch this week… which major indexes are leading and lagging… the top mid-cap stocks to trade… and which small-cap stocks are showing strong upside potential right now.
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