The Pressure Eases For U.S. Stocks, But Be Careful…
Image Source: Pexels
The bulls took out some key technical lows today, and, as of this writing, shorts are getting squeezed in a lot of places. Crypto has been very volatile over the past few days, even after Trump’s announcement of a “strategic crypto reserve” consisting of a few select tokens.
At the same time, the greenback is selling off. Does this mean all the market’s problems are solved? No… but I’d be lying if I told you the dollar selloff is bearish for stocks.
Nevertheless, the best opportunities are still abroad in, you guessed it, China - a key focus of ours for weeks now. The outperformance there is impossible - negligent, at this point - to ignore.
Still, there’s plenty of headline risk heading into this evening, so it’s important to stay nimble and keep cash levels healthy.
Video Length: 00:08:51
More By This Author:
Something Wicked Is Coming - Here’s How To Get ReadyHow To Track A Capital Rotation Event In Three Charts
Making Bets On The Money
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...
more
Comments
