What Happened In the Week Ended November 13, 2020:
History is clear that in the aggregate, stock prices oscillate around a secular trend. However, short term price action is usually dictated by “soup du jour” narratives because day traders care more about what’s going on right now than what’s likely to happen in the future. When narratives and the secular trend work in tandem, stock prices do very well. The S&P 500 rallied almost 10% from October 28 through Friday.
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By Hubert Marleau
By Hubert Marleau