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The stock market continued the mini rally higher following Jerome Powell's speech, but beneath the surface, there was something much bigger in the market. I go over what happened in the stock market today and what could happen the rest of the week, then I go over the key events of today and why one big factor in China stocks could be a leading indicator. I also go over Powell's speech and the main highlights and what it means for the market. At the end of the day, with much less news this week, if we can continue a rally it will stick. If we cant, then prepare for a negative Powell reaction.
I also go over my portfolio and trades and what I will be eyeing tomorrow. With big earnings already from HD & WMT, watching consumer staple stocks will be key. Depending on how the market digests Powell, bank stocks will be a good one to watch to see if they can continue to lead like they did today. EITHER WAY ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!
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DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions.
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