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Daily Market Note (154)

Daily Market Note | Siebert Financial Corporation (“Siebert”) has a full range of brokerage and financial advisory services offered through its operating subsidiaries, affiliates and brands associated with Siebert Financial described below (154)

Daily Market Note

Motivated

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.
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Daily Market Note

Clock Is Ticking

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.
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Daily Market Note

Supercharged

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.
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Daily Market Note

That's The Spirit

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Daily Market Note

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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Daily Market Note

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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