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Wealth 101
December 24, 2020
Gimme' More
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.
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December 23, 2020
Contagious
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.
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December 22, 2020
The Halfway Mark
The halfway mark. Stocks closed mixed but mostly down yesterday as a new strain of COVID, found in the UK, spooked bulls. Congress got the job done, passing a $900 billion relief package.
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December 21, 2020
Meh
Meh. Stocks pared gains on Friday as Congress continued its dance in the chambers of Capitol Hill. Higher than average pre-holiday volume, changes to the S&P500, and options expirations caused some discomforting volatility.
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December 18, 2020
Oh, What A Feeling
Oh, what a feeling. Stocks rose to new heights yesterday as lawmakers inched yet closer to a new stimulus package. Exuberance over new stimulus won out over disappointing job numbers.
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December 17, 2020
No Refills
No refills. Stocks had a mixed close yesterday as the Fed decided not to change a thing. A slide in Retail Sales growth confirmed that the recovery is slowing down even as the typically brisk holiday shopping season began.
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