Global stock markets fell today as worries over rising COVID-19 infections outweighed reports that U.S. political leaders finally agreed on a fresh economic relief package for struggling businesses and workers.
Congress reached a deal Sunday on a $900 billion COVID-19 economic aid package that provides a temporary $300-a-week in extra unemployment benefits, $600 direct payments to most Americans and funding for schools, hospitals and renters facing eviction.
Investors are hopeful that the deal will help support the economy until the widespread distribution of COVID-19 vaccines takes place. However, the virus is likely to do further damage until then.
In today's video, I have more on how COVID-19 is impacting the economy… what divergence and momentum levels are telling us… the biggest factor that causes Christmas rallies… and two stocks you’ll want to short right now.