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Now that the election is behind us (except for you, Georgia), traders will use the beginning of this week to determine what the narrative will be in the markets. Do we move back to “Stimulus Watch 2020” now that those casting the votes have their races behind them? Or does it move on the latest round of jobs numbers showing those going back to work?
We now have a two weeks of trading before the shortened Thanksgiving week. With the US continuing to see new daily high cases of COVID-19, passing over 10 million cases since the beginning of the outbreak, will the market begin to view winners and losers through that lens? Airlines and travel related stocks have been painting a rosy outlook for 2021 as they’ve released earnings. And some of the tech stocks may have some buying opportunities if you believe the money will move back into them if winter leads to new quarantines.