A Wall of Worry, Fed-created liquidity, and aggressive speculative trading is creating a bullish environment for stocks.
Big cap growth stocks and everyone else just can't go up or down together. Let's pick apart what this means.
Compare this action to what happened back in February and March when the Covid crisis first started to impact the market.
There are a couple of things that are helping to contain the selling.
Stocks drifted on news and politics, but stock picking continues to work.
To do well in this market you have to be in the 'third market' where the values are.
We are now five days off the low hit last Thursday morning.
It's too late. By delaying the stimulus this long Congress has doomed lots of smaller businesses.
High-volume resistance levels typically require multiple attempts before being violated.
Speaker Pelosi and Secretary Mnuchin appear to be playing nice for the moment. Can we keep the consumer in the game?