Over the weekend, massive demonstrations erupted to protest an absolutist COVID policy in China.
It’s the newest development spurred by the death of 10 people in a lockdown house fire and tighter COVID controls despite the government’s earlier rhetoric.
As a result, global markets took a hit this morning.
Here’s a chart of the S & P 500 ETF Trust (NYSE: SPY) …
But it’s countered by particularly rosy Black Friday data.
Despite inflation, the consumer holiday set record numbers. And cyber Monday (today) is expected to do even better.
Keep your head up. This holiday season has some juice in it yet. And there are still low-float spikers to follow.
Keep eyes on …
- Digital Brands Group Inc. (NASDAQ: DBGI)
- Kintara Therapeutics Inc. (NASDAQ: KTRA)
- Cosmos Holdings Inc. (NASDAQ: COSM)
They’re all on the move today with volume.
Respect the price action, make a trading plan, and execute without emotion.
Looming Railroad Strike
Remember the potential railroad strike from a few months ago that we narrowly dodged?
It’s back.
We’re looking at a potential strike date of December 9.
The union workers plan to protest a demanding work schedule and a lack of sick leave.
We’ll keep you updated as the story unfolds.
President Biden had to get involved last September. But unions rejected the deal.
There’s still time … but the window’s closing.
Benjamin Bull
Managing Editor, Dollar Stock Club
