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Dow Jones Industrial Average Rose 60 Points, but Investor Optimism Is Bigger


Investor optimism now rests more fiscal stimulus in addition to the $900 billion on the way which can further boost consumer spending. Bulls also hope for billions of doses of Covid-19 vaccines to be distributed throughout the year, which would reopen the economy and potentially catalyze the unleashing of that spend. But stocks have risen significantly of late even though they are trading at lofty levels, not an unheard-of dynamic.
With the absence of any major or macro developments to move stocks ahead Monday, TD Ameritrade’s chief market strategist offered some explanation. “People are anticipating a good earnings season and the market is overall kind of ignoring the Washington drama,” J.J. Kinahan wrote in a blog post. ....

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