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The Standard & Poor’s 500 is basically flat with a loss of just 0.04% as of the close today. If you want ACTION!!! you have to look elsewhere: To the NASDAQ Composite, which was up 0.87% at the close and to the small cap Russell 2000, which was down 1.18%...
It’s not that Wall Street loved the potential Biden tax hikes today after hating them yesterday–it’s just that the market remembered there’s profit to be made today while the tax increases are a long way off–if ever

It’s not that Wall Street loved the potential Biden tax hikes today after hating them yesterday–it’s just that the market remembered there’s profit to be made today while the tax increases are a long way off–if ever

Yesterday, a quite promising early stock market rally got derailed on news stories–based on anonymous sources–that the Biden administration would propose tax increases on wealthy Americans and corporations. The speculation points to an increase in the top...
Today’s rally: Was it Biden or Netflix?

Today’s rally: Was it Biden or Netflix?

Today the Standard & Poor’s 500, the Dow Jones Industrial Average, and the NASDAQ Composite all hit record highs. Likely cause? The peaceful inauguration of Joe Biden as President? Yesterday’s report of blow out gains in subscribers in the fourth...
More, more (stimulus), cries the stock market

More, more (stimulus), cries the stock market

Yesterday stocks moved higher on news that President Donald Trump had actually signed the combined coronavirus stimulus/relief and government spending bill. I guess after contemplating the possibility of no bill and another government shutdown, even $600 checks seemed...
Today the market looks a lot like “before the Fed Wednesday”

Welcome back Santa Claus rally

With President Donald Trump signing the coronavirus stimulus/relief and fiscal 2021 government spending bill, financial markets can go back to their favorite holiday week activity–using the opportunity afforded by shrunken volumes to push up stocks. As of the...