Market Looks to Prolong Rally
Global markets opened higher this morning after Wall Street hit a new high; however, there’s still a lot of concern surrounding a potential new round of virus cases.
Regardless of rising infection rates around the world, markets have salvaged the majority of this year’s losses. As for Wall Street, the S&P 500 index closed out the week 0.7% above its February highs, despite most stocks in the index falling short.
That leaves us with one question: Did the recovery come too fast too soon?
In today’s video, let’s talk about what news is moving the market this week… the single overbought sector in the economy… why current momentum levels are increasingly dangerous… and my prediction for GDP and jobless claims.
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