Today has so far been a tough one for U.S. stocks, which traded lower after withstanding disappointing data, oil prices falling below $30 a barrel and continuing Chinese stock worries.
Global Growth, Mountain of Worry
In today’s Yahoo Finance, RBC Global Asset Management (U.S.) head of equity trading Ryan Larson said, “Simply put, we’re not talking about a wall of worry right now. We’re talking about a mountain.” Ryan continued, “It’s not anything new. It’s the continued persistence of global growth concerns.”
Martin Luther King, Jr. Day on Monday
The U.S. stock markets will be closed on Monday, January 18 because of the Martin Luther King, Jr. Day holiday, and uneducated traders might be thankful for the break.
Today is also an options expiration day that could bring more volatility to the markets.
The right armor is education
As usual, when the markets have triple-digit declines, or world affairs create tension, many investors begin panicking — a natural response, if not a rewarding one.
Now is the perfect time for educating (or reeducating) yourself about the stock and options markets — or finding out more about the worldwide Forex market.
The fact is, investors who know more are more prepared for difficult times like these — and can even benefit from them in ways many untrained traders cannot.
That’s why you should join us for one of our upcoming webinars — including ones taking place while the markets are closed on Monday (giving you a head start to the week!). You can register for a free Forex webinar using the form below, or join us for our stock and options webinars at https://www.markettraders.com/stock-package/.