Welcome to the last business week of 2020, in a year we cannot look back quite fast. President Donald Trump signed that stocks are showing more signs after the $ 900 billion stimulus bill arrived, despite 11 hours of demand for large relief checks.
With just a few days of business before the end of the year, our Phone of the day Investors say that if we close the year with a record of the stock market, then investors have to be ready for the beginning of 2021.
The COVID-19 pandemic was “an unprecedented year for financial assets” with equity markets melting earlier this year, followed by an uptick by executives, with John Hardy, head of FX strategy, as head of Saxo Bank Impressive boom in.
“Market historians are returning to another incredible year – 1999 – in which the S&P 500 closed the year to a new all-time high, remembering that the early 2000s saw a vicious improvement Was. Yes, times varied, and the focus then was on Y2K and the focused bubble of the time, but investors need a reminder that even when walking in the major bull market, one can see a significant setback, “Hardy said , Published Monday in a note to subscribers.
The fresh finale high hardly sounds like a distant idea for Monday’s session. The S&P 500 closed down just 0.5% on Thursday, close to the 3722.48 record seen on 17 December. Stock futures are indicating that S&P may not open far beyond that level.
Others have discussed inauspicious similarities between this market and 1999. The S&P 500 ended up 19% that year, but fell 10% in 2000. This is why market bears are harder to find these days, with an average year-end price target for S&P. 500 out of 4,027.21 among Wall Street’s big forecasts.
Stock futures YM00,
Are more. The London market is closed for an extended bank holiday, while the European market SXXP,
Up, as well as helped by last week’s Brexit trade deal, which Sterling is giving GBPUSD,
A big boost. Asian markets mostly rose, and bitcoin BTCUSD,
Hovering at $ 26,000, after a record $ 28,000 on Christmas weekend. But is it right for your portfolio?
President Trump signed the stimulus bill, but also said Congress would vote to lift the individual incentive payments she wanted – $ 2,000 – from the agreed $ 600. House Speaker Nancy Pelosi said she would cast another vote on Monday, but Republicans halted such an effort last week.
Taking its stock buyback program from $ 6 billion to $ 10 billion, but shares of the e-commerce giant fell nearly 8% in Hong Kong, continuing to suffer from an antitrust investigation by Chinese regulators. Over the weekend, executives also called for the online finance platform Ant Group, of which Alibaba held a 33% stake, cleaned up its business and offered a plan for it after suspending its stock debut last month.
The EU’s COVID-19 vaccine campaign called off over the weekend. US officials are “very seriously” looking at a new strain of the virus in Britain, the government’s top infectious disease specialist, Dr. Says Anthony Fauci. He also warned of a possible “bounce on the boom” after Christmas in the US
According to the MasterCard Spending Pulse survey, US holiday spending rose 3% from October 11 to December 24. The biggest boom was seen in home furniture and furnishings, while apparel spending fell.
Investigators say he is believed to have been responsible for the Christmas Day Nashville bombings that killed him in the explosion.
With a “slightly larger” and “earlier” stimulus package now approved, Goldman Sachs has removed its US growth forecasts. A team, led by chief economist Jan Hetzius, now predicts a first quarter 2021 increase of 5%, versus 3% earlier, and “meaningfully higher levels in all four quarters.”
He expects a big bump in disposable income in the first quarter:
UK government plans to use supermarket checkout lines to fight obesity
A previously hidden group of blue whales spotted in the Indian Ocean
COVID-19 vaccination is planned in the flower pavilion to help the Italian people in the cold
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