Guy and I start by offering our views on what appears to be abating near-term headwinds for the stock market, discuss President-Elect Biden’s proposed economic team and investors’ reaction. We take a hard look at the SPX, NDX, and RTY and offer our trading SetUps.
This week we are also joined by DailyFx’s Peter Hanks to discuss, the recent weakness in Gold and the U.S. Dollar, and what the “reflation trade” means for The U.S Canadian Dollar cross, the Euro, and of course the British pound.
Watch below and see my charts below that:
-Election Settled… Senate Runoff in GA
-Biden appointments… Yellen, what means for fiscal stimulus and relationship with the Fed.
-Covid Spread / Vaccine Equity Rotation…
RTY Russell 2000 3yr
XAU GOLD YTD
10YR UST YIELD
EUR USD 1yr
GBP USD 5yr