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Welcome back Santa Claus rally

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...
Market passes baton back to Fed’s Powell Put for today’s rally

Inflection point for stocks approaches

Today what I’m calling “re-opening dependent” stock fell again. At least in the early going. Toward the end of session–like yesterday–these stocks and stocks in general rallied. Which in and of itself tells us something important about...