Folks, today is the day that President Joe Biden officially takes office in the White House.
So what does that mean for the stock market this morning?
The futures market was up quite a bit and surprisingly so was the Nasdaq 100, which was up more than 120 points.
And then, to keep this good momentum rolling in the stock market, we’ve got some major earnings reports coming out in the next few days, starting mostly with bank stocks. By the end of this week we’ll have a clearer picture of where investors stand with the financial sector.
Investment banks like Goldman Sachs Group Inc. (NYSE: GS), Discover Financial Services (NYSE: DFS) and Morgan Stanley (NYSE: MS) should be doing better than expected, while banks focused more on savings/loans and don’t have an institutional trading division are projected to do worse than expected.
If you want to avoid those stocks, you can get their names here.
In today’s video, I’ll also explain the biggest opportunity for the stock market… the biggest threat to financial stocks… the strongest sectors in the S&P 500… the strongest sectors in the Nasdaq 100… and the strongest sectors in the Russell 2000.
P.S. What I’m about to tell you is top secret… so please, don’t share it with anyone else.
Most people don’t know this, but there’s a secret calendar that reveals the exact dates certain stocks on Wall Street are going to go up every single year.