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Can Small-Caps Come Up Big?
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Investors Follow The Algorithm
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Are Airlines About To Make A Post-Pandemic Comeback?
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I think it was a great way to begin the year with the early back and forth, giving shaky folks the chance to bail. On the flip side, the ‘buy on dips’ crowds - not as aggressive as they once were - warmed up with an hour left in trading on Monday, lifting most equity indices near the highest points of the session.
Interestingly, the two biggest winning sectors thus far this year were the only decliners yesterday, as investors are still more interested in booking gains than falling in love with the story. As the session moved along, buyers moved away from traditional safe havens and found Consumer Discretionary names, which enjoyed monster gains.
Markets Gear Up For Flood Of Stimulus
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On Tuesday, the pendulum of fear shifted strongly to worries of missing out again from the notion the market is at a near-term top.
It was all about the fiscal stimulus, which could happen this week and again in January or February. There are a lot of potential deal combinations swirling around. However, I find it interesting that Sen. McConnell would be cool with a deal that does not include liability coverage for small businesses.
Moreover, I find it odd Democrats would go along with a deal that does not include individual payments to households.