GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Stocks staged a solid rally yesterday as investors pondered life beyond Omicron with early hopes that the new variant is less severe than older ones. China looks like it is ready to ease on monetary policy sparking interest in beaten down Asian shares which were once highfliers.

Motivated. Stocks rose on the penultimate trading day of the year (yesterday) as light volume on high spirits carried the day. Brexit is all but done, AstraZeneca has an approved vaccine, and Americans will have to deal with $600 stimulus checks for now - status quo for the markets.

Clock is ticking. Stocks traded down in yesterday’s session reflecting disappointment in the Senate. The housing market continues to run hot due to low interest rates, high demand, and low supply… Economics 101.

Supercharged. Stocks rose to fresh highs yesterday as traders applauded Trump’s signing of the stimulus bill. Help is finally on the way for pandemic-affected individuals and small companies, the real drivers of the US economy.

Gimme’ more. Stocks rallied yesterday as investors refused to get discouraged about Trump’s threat to veto the hard-wrought stimulus 2.0 deal. Mixed economic numbers also failed to stop economically sensitive stocks from elevating.

Contagious. Investors could not shake the fear of the new, highly contagious strain of COVID. Surprising economic numbers led to the selling and Congress may be poised for a showdown with the President.