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Vaccine, Stimulus Fuel Positive Outlook for U.S. Stock ETFs


There has been an ongoing shift towards undervalued stocks that are expected to benefit from an economic recovery next year, with sectors like banking, energy, and materials outperforming, Reuters reports.
The markets were still eyeing Capitol Hill for a bigger stimulus check, but Senate Majority Leader Mitch McConnell blocked a quick vote to back President Donald Trump’s call to increase COVID-19 relief.
“We’re having a little bit of hangover after Monday’s approval of the stimulus package,” Kim Forrest, chief investment officer at Bokeh Capital Partners, told Reuters. “It’s muted somewhat because the $2,000 additional package seems to be still out there but was killed for the moment by the Senate.” ....

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Analysis\-U\.S\. shale oil just had its worst year and the pain could bleed into 2021


Analysis-U.S. shale oil just had its worst year and the pain could bleed into 2021
U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good.
Deep spending cuts that came with the collapse in fuel demand and oil prices due to the COVID-19 pandemic have ended an era that put the U.S. atop the ranks of the world’s biggest producers. The shale industry will ring in the New Year pumping 7.44 million barrels per day (bpd), down nearly 20% from the beginning of 2020. ....

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