Dow Jones above 30,000 as the “Biden Transition” kicks into effect…
The republicans will block any tax hikes, so don’t worry about that …
It’s all about Sustainable Investments (Hydrogen, Farming, Bio-degradable nappies etc), technology and healthcare that will be a major focus in 2021.
The “Digital Transformation” is certainly here with Bitcoin at over $19,100 USD!
Those that want electrical cars and going “green”, also need lots of copper as copper is the main metal used for the transportation of electricity!
So we expect, copper stocks to “shine”….
Last night, speculation that vaccines and a possibly peaceful presidential transition are steps toward normalization in the economy ignited another rally in shares ravaged by the pandemic, pushing the Dow Jones Industrial Average past 30,000 for the first time.
Boeing Co., a chronic drag on the 124-year-old index most of the year, surged as much as 5%, while JPMorgan Chase & Co., American Express Co. and Chevron Corp. climbed at least 3%.
Gains outside the blue-chip benchmark were even bigger: American Airlines Group Inc. and Carnival Corp. jumped more than 8% while movie theater operator AMC Entertainment Holdings Inc. jumped 15%.
Once a laggard, the Dow and its cyclical components have shot up 13% since Halloween, putting it on track for the best month since 1987.
Gains in the world’s most-famous equity index mirror a profound market reordering in November, when growing optimism about an economic reopening pushed up industries like energy and banking that suffered under stay-at-home restrictions and the policies enacted to cope with them.