Even though the U.S. stock market is closed for Presidents Day, global stock markets never sleep. In fact, Japan’s Nikkei 225 crossed 30,000 for the first time in more than three decades.
In the U.S., however, investors and traders are hopeful that political leaders will pull through with President Joe Biden’s proposed $1.9 trillion economic aid plan. This potential liquidity is what’s helping propel the markets higher.
But internally, things aren’t as pretty as they are on the surface...
In today’s video, I’ll explain whether the broad stock market is overbought… which two indicators I’m watching right now… an update on earnings season and global economic data… which big reports to look out for this week… and two stocks you’ll want to target now.