Global stock markets are mixed today after the Federal Reserve said it’s ending some emergency actions intended to help the financial world fight off the COVID-19 pandemic.
But we have bigger fish to fry…
Interest rates are down because bonds were up almost a full handle this morning. This is important because it looks like bonds and the Nasdaq are locked in step with each other, which means the Nasdaq is seeing upside.
But I believe the S&P 500, which is currently cooling off, could pull the Nasdaq back down a little bit before heading higher.
In today’s video, I have more on whether the correlation between bonds and tech will continue… how much longer tech stocks will remain stagnant… the biggest reports coming out this week… the top financial stocks to pay attention to… and two high-probability trade setups with entry and risk levels.
The first ticker isn’t one I’ve mentioned before. However, I really like it because it’s a Russell 2000 stock that’s not related to the tech sector at all.