Stocks had their best week since late 1974...
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| Markets Rallied This Week... But What's Next? |
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It was an amazing week for stocks. I don't know about you, but I was glad to see markets deliver their best week since 1974. The S&P 500 jumped a whopping 12.1% this holiday-shortened week. The reason? Some of it had to do with recent projected fatalities due to the pandemic being lower than expected and more intervention from the Fed. No matter the reason… This is definitely good news for bulls. But I wouldn't get too comfortable… If I've learned anything over my years of trading it's that things can change in a second. This past week is evidence of that. We had terrible numbers on the employment front, yet stocks rallied. In today's video, I will discuss new market developments and give you my thoughts on what's next as a major recession looms |
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