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January 7, 2021 The Santa Claus rally did not disappoint in 2020 as most major U.S. equity indices put in new all-time highs late in December. The broadening of the equity market rally continued in December as small and mid-cap stocks continued their recent outperformance of large-caps. Growth made a comeback in December after underperforming value in recent months. The economy continued to grow late in the year, but economic readings in December (largely covering November) did show a slowdown in the pace of expansion. The surge in COVID-19 cases this winter has created new challenges. The 10-year U.S. Treasury yield closed at or above .90% for all of December after closing November at 0.84%. The yield closed 2020 at 0.93%. ....
Futures Fail To Rebound After Wednesday Rout On Growing Brexit, Covid Fears zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.