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WALL STREET IS GETTING WORRIED! - S&P 10% Correction
LIVE TRADING CHANNEL: https://www.youtube.com/TheStockMarket
The stock market is off to another rocky week as the S&P is now down 10% from all time highs, placing the index back into the correction zone. Today was all about the Ukraine crisis and Russia escalation which got off to a wild start in the morning, but calmed down after the US issued sanctions. I explain what this means and what to watch for, as well as specific industries and stocks to buy if we see more escalation. At the core of today, it was all global tensions but many investors were arguing about the Fed and this being an over reaction. Even JPM said we might see more stimulus if the situation gets bad. The point is, there is a new catalyst on wall street and with the SP500 at key levels, this may be enough to start wave 3 of more new lows unless the Fed can offer some reassurance in the meantime. I go over all of this and the brief market recap, then I go over my trades for the day and stocks to watch for the rest of the week. ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!
NONE OF THIS IS A RECOMMENDATION .
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DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions.
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