Global stock markets are mixed this morning as concerns rise over the U.S. presidential election and a new economic stimulus package. There has also been a resurgence in COVID-19 cases — and that has everyone worried.
Markets have been wary this week as rising coronavirus infections prompted new social distancing restrictions in France and Britain, like curfews and restricted travel, to contain the outbreak. However, investors are still waiting for earnings reports to see how businesses are handling limits on public life, which is ultimately bad for growth.
And right now, there’s too much unforeseeability in the market for large hedge funds to make any big moves…
In today’s video, I have more on the biggest catalyst in the stock market… the scariest threat to the economy right now… S&P 500 and Nasdaq medium-term momentum levels… and the best trending sectors with setups.