The stock market is getting set to continue the weekly rally as futures gap up over 1% as the US markets remain closed.
Despite the holiday, positive news from China & optimisim from last week is setting us up for another positive week in the markets.
Although some analysts and banks like Citi believe this is the heart of a bear market rally, economic data and Fed speeches this week will prove or disprove this theory.
Even further, this week will have a rare meeting between Jerome Powell & Joe Biden that may bring about some more optimism.
At the heart of it though, we ended last week with much needed optimism and if the news this week can carry over, we are looking at an exciting week as volatility is still historically high.
I go over all of this and what to watch this week, then I go over my portfolio and stocks to watch.
With China news about exiting lockdown being the key event, I would watch any China stocks like BABA or the ETF's and also PDD stock, which I made a trade on and explain the logic.
Besides that, value stocks and growth stocks will be the key to watch alongside oil stocks and all that matters is whether or not we can continue this momentum!
EITHER WAY ITS GOING TO BE EXCITING, SO I HOPE YOU ARE READY!
POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!