The market held its breath on Friday in anticipation of President Trump’s press conference on the subject of China, as the tone of his statements could have huge ramifications for the markets.
I had to film this week’s market update video before the press conference in order to get it to you today, so you’ll know the results of the press conference by the time you see this. So, to cover my bases, I’ll go over what I see as the three potential outcomes of the Trump’s address, and what effect each will have on the market.
We’ll also take a look at a new Reality Gap concerning the big swings we’ve seen lately in sector rotation. As money flows out of the tech sector, it’s being funneled into some unexpected sectors.
I’d just like to take a few minutes of your time today to bring you a market update.
But first, as it is Memorial Day weekend, I’d like to take a moment to give my most sincere thanks
We have been trading in a tight box for most of May, with the market bouncing around inside of a narrow range. We’ve seen this exact pattern not too long ago, and history may well be repeating itself. In today’s market update video, I’ll show you exactly what I mean, and the one thing you need to watch to know where the market is headed.
We’ll also take a look back at the AAPL option trade I recommended here on Straight-Up Profits last week and how well it performed. If you ended up taking that trade recommendation, congratulations on a huge profit!
Click below to watch…