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TWELVE o'clock TUESDAY – Stock Market Report

by Robert Holman | The | November 10, 2020

MARKET BULLISH … Rating of 7 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish).

The election is over, a virus vaccine appears to be imminent, the economy is growing (good real GDP and jobs reports), the Fed is backing away from interest rate changes for now, and the stock market had a very good day yesterday.

So, what’s next? Will a stimulus package be forthcoming? Probably, maybe soon, perhaps in mid-to-late February. Last week there was wide agreement it was needed, but now I wonder --- to what extent will majority opinion change with the emergence of an effective new vaccine candidate? Maybe stimulus is not as necessary now? Can everyday life really return to normal?

Are valuations too high? Maybe in some areas (stocks that benefit from working at home, etc.), but in general, they seem to reflect overall expectations of the future economy, earnings and interest rates.

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Opinions voiced in this post are for general information only and are not intended to provide specific advice or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.


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