I thought I'd bring in WealthPress trader Jeff Yastine to show you the stock market's most important chart because it's flashing a major warning signal.
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Today I thought I'd bring in WealthPress trader Jeff Yastine to show you the stock market's most important chart because it's flashing a major warning signal.
But before Jeff gets into it, I will say that it has both nothing and everything to do with the upcoming election, the coronavirus pandemic and the current state of the economy…
The stock market of course throws out a lot of false positives and signals we think in the moment are important. Much of the time, you can ignore the signal and do just as well or better.
But when you get caught up in an inevitable correction or even a bear market that sneaks up on you, you've likely wondered why you couldn't get advance warning.
Well, the stock market's most important chart is sending up warning signals right now…
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| October 30, 2020 | Shares in London and Frankfurt opened lower as Tokyo, Hong Kong and Seoul also fell. And after a mixed trading day in Shanghai, benchmarks ended the day lower. However, U.S. jobless claims released Thursday showed the amount of workers applying for unemployment benefits fell to 751,000 — slightly below last week's 791,000 claims. But that still isn't great, and I'll show you why…
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| October 28, 2020 | A lot of things have changed during my years in the market, but it's interesting how many things remain the same. Why? Because good market advice is good market advice, regardless of when it's implemented. That's why when I was thinking about what information to send your way today, I decided I would send you something a little special.
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