The market was resilient throughout Wednesday’s session following the outcome of the Georgia senate elections and the late day chaos that played out in our nation’s capital. The capture of the second seat by the Democrats likely opened the door to a presumably sizable increase in fiscal spending as the incoming Biden administration's agenda will likely face little opposition. The Russell...
Continue reading >>With Joe Biden heading to the White House, green stocks could see a good deal of upside. For one, "A Biden administration will mean more regulatory scrutiny for financial and energy stocks and probably higher taxes across the board," says Rodney Johnson, president of economic research firm HS Dent Publishing, as quoted by Kiplinger. "But there will be opportunities. Infrastructure spending,...
Continue reading >>The stock market closed higher on Friday despite a disappointing jobs report as Wall Street remained focused on positive vaccine developments and growing hopes for more fiscal stimulus before yearend. The gains lifted all four of the major indexes to fresh all-time highs, along with the Transports, with volatility continuing to hold a key level of support. The Russell 2000 finished on its...
Continue reading >>...
Continue reading >>The stock market closed higher on Friday despite a disappointing jobs report as Wall Street remained focused on positive vaccine developments and growing hopes for more fiscal stimulus before yearend. The gains lifted all four of the major indexes to fresh all-time highs, along with the Transports, with volatility continuing to hold a key level of support. The Russell 2000 finished on its...
Continue reading >>The market closed mostly higher on Monday with fresh record highs after President Trump signed the $2.3 trillion spending bill that will fund the government through September, and which also includes the $900 billion coronavirus pandemic relief package.The S&P 500 traded to a late day record peak of 3,740 before ending at 3,735 (+0.9%). Fresh and lower resistance at 3,725-3,750 was cleared...
Continue reading >>