The Northern Star Newsletter 12/3/20 - Dow Hits 30,000
Message from Jon
Where We Are and What We Know
Dec 16th 12pm to 12:45pm
At this point, the market has seemed a bit quiet preparing for and coming out of the Thanksgiving Weekend. We are not seeing much in the way of significant movements on the whole. We are seeing Trump's presidential reign wind down and the Biden era prepare for its presidential spotlight though. All we can tell at the moment is that so far, we are seeing a positive market environment that is seemingly going to extend well into 2021.
This week we will be conducting our rebalancing of portfolios looking into 2021 as well.
The VIX has diminished below 25 and more importantly, remained, giving us further confirmation that the future is looking promising.1 Monday, the markets looked a bit lower but for the most part, flat in the pre-open.
We are seeing global markets rebound nicely and a Vaccine take center stage again, giving us all optimism for 2021 as well.2,3 Doordash is setting up to IPO, and as much money as I've been spending on that app lately, I am considering it for sure! (me smiling)4
Till we speak again, enjoy your week!
Dow Hits 30,000
WEEKLY UPDATE - NOVEMBER 30, 2020
The Week on Wall StreetStocks surged last week, ignited by another COVID-19 vaccine announcement, encouraging economic data, and the easing of political uncertainty. The Dow Jones Industrial Average rose 2.21%, while the Standard & Poor's 500 added 2.27%. The Nasdaq Composite index, which has led all year, gained 2.96%. The MSCI EAFE index, which tracks developed overseas stock markets, climbed 1.54%.