US Stocks Advance Cautiously on Light Volume

Market Moving Event(s): Stronger than expected economic data from the US and Europe, along with stabilizing 10-Year Treasury rates, enabled equity markets to recover losses from earlier in the week to finish relatively unchanged. Meanwhile, investors continue to weigh the prospects of Biden’s proposed capital gains tax targeting high income earners vs what may be compromised during negotiations.

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Investors Fear “FOMO”

While there were no major economic data releases and the majority of earnings were positive, investors appear to be adopting an aversion towards risk…

…Realization that the global rise in Covid19 infections could slow down the rate of economic recovery more than expected was being reflected in…

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