CHINA JUST SAVED THE STOCK MARKET!!!

The stock market held up highs today, but the big event in markets today was the CHINA STOCK RALLY that looks like it might last. Lately, every effort to spur the Chinese economy has failed and China stocks have been trading at some of their worst levels in decades. The news today that regulators will be meeting with the President and sovereign wealth funds are buying back more shares caused the first big china stock rally of 2024. I go over what this means for China stocks and why its so important as of late, but in the context of the market its important to see if this will last to help broaden out the market. Besides this China news, there wasn't much in the stock market today and the Fed speakers failed to add anything new to the story despite rate cut odds continuing to shift. We will have a big bond auction tomorrow and day 2 of the China rally but it seems like the market is swinging between Macro & earnings until we get the big data next week. After this brief market recap and stock analysis, I go over my portfolio and 3 stocks for tomorrow. I go over the trades we made today like the 1000% option on UPS stock & TM stock, then I go over some earnings for tomorrow that I am getting ahead of time. Then I go over the China stocks and what I will be looking for in BABA stock tomorrow. Finally, I go over the regional bank stocks and why NYCB stock could cause a bigger reaction on other assets.

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Видео CHINA JUST SAVED THE STOCK MARKET!!! канала Trading Fraternity