Global markets woke up yesterday morning in a free fall – the same one they’ve been stuck in for six trading days straight.
The coronavirus has a chokehold on stocks around the world, and it doesn’t appear to be loosening any time soon. It’s pulling markets into correction territory fast.
South Korea’s Kospi index has fallen more than 9% below its high made in January. Germany’s DAX was already in trouble – now, it’s shedding more points every day, already 2.2% lower at yesterday’s open, alongside France’s CAC 40.
This week alone, the Dow has lost more than 2,000 points, and the S&P 500 is officially negative for the year. The 10-year Treasury yield continues to hit record lows every single day.
You know that dream where you’re falling through the air and wake up right before you hit the ground? That’s what this market reminds me of… except we aren’t waking up. We just keep falling.
But don’t pull your parachute just yet. It’s time to take advantage of the free fall. Because this market isn’t a reason to panic – it’s actually the best place to snag high-probability, short-term profits.
While investors are moving their money around in a desperate cry for help, smart traders are grabbing cash like it’s floating in an arcade’s wind booth. And now, it’s your turn.