Message from Jon
On Monday, the markets were seen struggling with the rotation trade we were talking about from Technology to other parts of the markets, or at least that is the narrative. We have political tensions that have escalated in the media and at dinner tables, but it hasn't really phased Wall Street as of yet.
Not much else going on at present. The jobs numbers last week did not spur much activity or debate since Wall Street seemed fine with the details on where they came from and why they were what they were. The first 2 weeks so far have been positive but quiet compared to the year end.
We are rebalancing accounts and massaging portfolios into what we want them to be invested in at present.
Till we speak again, enjoy your week and keep your masks on!
Markets Start 2021 on a High
WEEKLY UPDATE - JANUARY 11, 2021
The Week on Wall StreetShrugging off COVID-19 infections and the disruption at the Capitol on January 6, stocks powered higher to kick off a new year of trading. The Dow Jones Industrial Average gained 1.61%, while the Standard & Poor's 500 increased by 1.83%. The Nasdaq Composite index, which led throughout 2020, picked up 2.43%. The MSCI EAFE index, which tracks developed overseas stock markets, rose 1.45%.