It has been a costly mistake if you have not invested in the market due to the concerns of Covid-19 pandemic. The market has discounted the impact of the pandemic as a whole except a few select sectors due to the unprecedented support from the monetary and fiscal policies. While still deep in the uncertainties related to the presidential election,
The year of 2020 has been proven to be nauseating, the amount of churns feels like being thrown in a washing machine on the spin cycle and not able to turn it off, between COVID, BLM, Election and the markets. However, the market has been unemotional and faithfully carried out the cycles and is pointing to a clear path forward from here.
After the mega tech reported earnings last Thursday, the market reacted negatively despite the earnings reports were not bad. The big tech continues to make money in the face of congressional scrutiny. Last Friday was the month end closing and the month end closing didn’t produce a sell or buy signal.
