Global stock markets slipped ahead of the Federal Reserve’s update about the economy later today.
Experts believe Fed Chair Jerome Powell plans to persuade investors and traders that current policy is what is best for the economy, and it will help continue to keep everything running without a hitch.
But U.S. retail sales say something completely different. Retail sales fell 3% in February following a 7.6% increase in January, when people spent their $600 stimulus checks from the government.
So what did the markets do?
In today’s video, I’ll show you why I’m bearish on large-cap tech stocks… why the bond market is driving the price of stocks right now… whether the economy is expanding or contracting… and which weak tech stocks to add to your chopping block.
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1 Comment
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