New 3-day lows have a high probability for continuation patterns but such was not the case today as stocks rallied to recoup most or all of their losses. This time it looks like bears got spooked instead of bulls.
Even though Congress is “miles apart” on a stimulus agreement as House Speaker Pelosi aptly put it, investors are not abandoning faith or this high-tech momentum fueled rally as evidenced by today’s sharp rebound in technology stocks…
President Trump announced potential tax cuts on capital gains and income. However, admission from Senator Mitch McConnell that stimulus aid talks were at a stalemate quickly curbed investor enthusiasm…
Trading in equities yielded mixed results. The SP-500 closed in positive territory while the Nasdaq-100 lagged from declines in Information & Technology and Healthcare, two of the market’s strongest sectors. A rotation appears to be occurring into…
The narrative driving this market consistently remains hope for additional stimulus aid passed by Congress and optimism that a viable vaccine treatment is imminent by year-end or early next year. Progress for both has been…
Hype is so passé and the investment strategy du jour is “hope”. It is what has been driving this market instead of anything remotely close to quantifiably certain…