The November market update discusses the Fed policy, profit cycle ahead, the broader market recovery, steepening yield curve, and more.
There is still a lot we don’t know right now surrounding the 2020 election and its impact on the stock market.
Market technicians are comparing the characteristics to the decline on April 2nd to the year lows that were established February 5th and so far, things look less bad. Selling pressure on Monday April 2nd was not as extreme as in early February. This could be an indication that the selling is exhausting itself and a subsequent rise in signs of investor pessimism is actually a healthy backdrop for a rally.