Jobless claim numbers are out, and investors had every right to brace themselves for it…
The 2.98 million additional Americans that filed for unemployment were more than expected, BUT I’d like to note that with each report the number is slowly declining. And that seems like we’re moving in the right direction.
But is that enough?
For the rest of the world, it may not be: Global shares are down today amid more pessimism from investors as to when normal lives can resume.
One thing is certain -- there are hard times to come. The markets are expected to enter a wait-and-see mode, with investors crossing their fingers that a second wave of the virus doesn’t strike as economies restart.
Here’s what you can expect to see from the markets below.
In today’s video, I’m also covering how I drill down my sectors… how I find the weakest stocks… how to confirm breakdowns… and two weak stocks to sell.
Head Trader, Market Geeks
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