Weekly Review: Clueless Territory (Read for Fundamentals)
Will have a week similar to the last one, irregular.
We had a decent run in the last couple weeks, and now the market is starting to feel a bit clueless, why?
- American elections are approaching
- Disappointing news about vaccines development
- Bad Brexit negotiations
- Worse control of the virus than expected
However, the underlying sentiment of the market is bullish.
- 2021 & 2022 will be years of +20% earnings growth and this will guide the markets
This week:
- Technology earnings results (which will be decent and sustain the markets)
- Stimulus package talks will advance
Markets will move laterally keeping an eye on both earnings and stimulus package while waiting for the outcome of the elections, if anything they will end slightly up this week.
We had a decent run in the last couple weeks, and now the market is starting to feel a bit clueless, why?
- American elections are approaching
- Disappointing news about vaccines development
- Bad Brexit negotiations
- Worse control of the virus than expected
However, the underlying sentiment of the market is bullish.
- 2021 & 2022 will be years of +20% earnings growth and this will guide the markets
This week:
- Technology earnings results (which will be decent and sustain the markets)
- Stimulus package talks will advance
Markets will move laterally keeping an eye on both earnings and stimulus package while waiting for the outcome of the elections, if anything they will end slightly up this week.