NASDAQ SETUP - DON'T SLEEP ON THIS $07/20/2020 NEWS FOR NASDAQ
- Trump halts stimulus, stocks fall drastically which represents that the market is heavily dependent on a stimulus.
- Trump immediately counter acts his tweet to a much lower stimulus. Why? Well because he is heavily dependent on the success of the markets - I assume he tried to repair the damage of the stocks after the the sell off from the negative news, this shows that Trump will do almost anything to see the markets succeed which Investors already know.
- Apple new Iphone launch date 13 October, Apple does extremely well selling iPhones so we can expect a rally in tech stocks during the event and the day before. Keep in mind that the economy does need a stimulus so a lot of household can’t afford the Iphone 12 due to lack of funds, all though this factor won’t rival the rally.
- Biden is full in for stimulus backing, him leading the polls and mainly winning would lead to a rally in stocks.
- Major Tech companies under investigation.
