tips for traders
tips for traders

Tips for traders, 6 May 2021

Joe Biden’s recent announcement of plans to increase tax on individuals and corporations has shocked various  shareholders in the US stock market. This is not good for sentiment because it might make people less likely to invest.

tips for traders

As a result of this, the VIX has gone back up from its low at 15.38. Markets seem to be aware of potential risks in the future. At the same time, some indices have reached all-time highs, like the Dow Jones Industrial Average and S&P 500.

In these conditions, staying alert and monitoring open positions carefully can make sense. A swift, unexpected decision by the American government or the Fed might have a significant negative effect on positions for shares and indices.

OPEN A DEMO ACCOUNT

Disclaimer: the publication of tips for traders is a marketing communication and does not constitute investment advice or research. Its content represents the general views of our experts and does not consider individual readers’ personal circumstances, investment experience or current financial situation. Tips for traders are not prepared in accordance with legal requirements promoting independent investment research and Exness is not subject to any prohibition on dealing before the release of tips for traders. Readers should consider the possibility that they might incur losses. Exness is not liable for any losses incurred due to the use of tips for traders.