Analysts are expecting a major decline, but I've got answers
I've got some BIG news... Tom Busby -- my friend and a legendary trader with over 40 years of trading experience -- just sent me a USB with priceless information. Now, I've seen a lot from my hedge fund days, but nothing compares to what is on this device... For the average investor, it contains what could be the greatest discovery in the history of trading. |
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Earnings estimates have fallen sharply in the immediate aftermath of the global pandemic -- total S&P 500 earnings this year are expected to decrease nearly 24.1%... OUCH! As a result, I've been receiving tons of questions about earnings. Grab a pen and a piece of paper because you're going to want to write down everything I'm about to say… |
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Asian shares are mostly on the rise today thanks to another boost from Wall Street; however, fears of a second virus wave continue to spread across the globe. Despite recent market rallies, analysts aren't convinced that infections won't continue to spread given the increasing number of cases in parts of the U.S., Asia, and Brazil. And unless we see a jump in the number of stocks trading above the 200-day moving average, the markets will begin to do this. In today's video, I'm also giving you my opinion on the overall health of the market, whether I believe stocks will rise or fall in the next few weeks, stocks that you should sell fast, and what to expect in tomorrow's GDP report. |
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