from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Today:
1. The Senate is finalizing the $1 trillion infrastructure bill. This could be voted on later this week. This bill still has to get through the House of Representatives, so it could be a while before anything final takes place. Either way, the markets love debt and easy money.
2. The semiconductors ($SMH) stocks are strong again today. As long as this industry group holds up there is usually nothing wrong. When this important sector turns down then there are usually big problems ahead for tech and often the broader markets. Thi sis something that I use as a stock market barometer.
3. Gold down slightly but not out yet. Not quite ready to back up the truck, but that day is a ways off.
4. Bitcoin was down below 30k but now is trading slightly above. It’s not out of the woods yet, more weakness to come?
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