Our near-term outlook for the equity markets has changed.
Even more important than fiscal support moving forward would be the concept of Covid-19 very soon being effectively treatable for the public.
Value will have its day once again.
Let's place the data and charts on the scales.
There were some positive technical events Thursday.
Plus, quick looks at the presidential line of succession and at ongoing foot-dragging in Congress.
Suddenly, both sides realize that they have played politics and the people had noticed. Not those two from Tuesday night. Thankfully.
The indices are struggling to follow through to the upside, but the possibility of a stimulus deal is providing support.
Our latest look at the major equity indices and market data.
High-volume resistance levels typically require multiple attempts before being violated.