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A new year brings new all time highs. Buyers have not been discouraged and their confidence has allowed political chaos during a pandemic with job losses be a buying opportunity. Stocks fell Monday and it looked like the 2020 status quo was over. But buyers were back to work for the rest of the week. The events at the capital building and the release of the first jobs report with job losses since April were shrugged off as temporary. A lot of credit for the gains was given to the Georgia elections ...

Economy sees job loss in December for the first time since April as surging virus takes toll

Nonfarm payrolls were expected to rise by 50,000 in December as job creation slowed into the end of 2020, according to economists surveyed by Dow Jones.

The unemployment rate held steady at 6.7%.

https://www.cnbc.com/2021/01/08/jobs...mber-2020.html

The market kept its winning ways going after Monday's fake out sell off. The Dow gained another 212-points, and this time the Nasdaq came along for the ride gaining 2.56% on the day. Small caps weren't far behind as it is starting to feel like a little bit of capitulating from the bears who had cash on the sidelines.

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Originally Posted by coolhand

Yesterday, I said that while the market was probing all-time highs it wasn't able to close at those levels. I also said I wasn't sure if the market was ready to do such, but that I did expect it to happen at some point. Today, the market left little doubt where it wants to go as the bulls ran rampant over the bears.




The charts sure look like they are breaking out the upside again. The DWCPF wasted no

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It was quite an interesting day for stocks yesterday as the Georgia elections caused a stir in the overnight futures as investors looked to reallocate to more democratic friendly sectors. The futures were mixed with large caps, and particularly large tech, down sharply while the small caps were surging. The open bell hit and things flipped more positive, but the D.C. protests did pull the indices off their highs later in the day. The Dow ended with a big gain of 438-points, the S&P added ...