Notice: To view this week's big picture outlook, click here. What Happened: Alongside stretched sentiment and bets that fiscal aid will improve the vaccine-led recovery, U.S. index futures, again, auctioned to record highs. What Does It Mean: During Monday's session, participants accepted the break of $3,691.00 in the S&P 500, a boundary that attracted responsive selling in the week prior. Since then, participants continued the upside discovery process, establishing a new overnight all-time high at $3,747.75.
Market Commentary For 12/29/2020
Market Commentary For 12/29/2020
Market Commentary For 12/29/2020
Notice: To view this week's big picture outlook, click here. What Happened: Alongside stretched sentiment and bets that fiscal aid will improve the vaccine-led recovery, U.S. index futures, again, auctioned to record highs. What Does It Mean: During Monday's session, participants accepted the break of $3,691.00 in the S&P 500, a boundary that attracted responsive selling in the week prior. Since then, participants continued the upside discovery process, establishing a new overnight all-time high at $3,747.75.