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2020 Fed Takeaways | Daily Market Update
Lessons learned from the Fed in 2020. The Federal Reserve (Fed) will remain in focus for markets in 2021.
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Solid Holiday Shopping Season | Daily Market Update
Solid holiday shopping season. Holiday sales grew 3%, beating forecasts for a 2.4% increase according to MasterCard’s SpendingPulse. Online sales rose 49% year over year. These results were impressive for a recessionary period—the comparable figure dropped 3.5% in 2008—and highlight the resiliency of the US consumer and the benefits of stimulus.
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Do You Believe In The Santa Claus Rally?
“If Santa should fail to call, bears may come to Broad and Wall.” —Yale Hirsh December is widely known as one of the best months of the year for stocks, but most don’t realize that the majority of the gains happen in the second half of the month.
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Some Tips on TIPS
“The 10-year breakeven rate gives us a sense of what market participants think inflation will be over the next 10 years, and right now markets are saying it will be right around the Federal Reserve’s 2% target—a pickup from the 10-year average of about 1.7% for CPI inflation,” said LPL Chief Market Strategist Ryan Detrick.
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Chart of the Year
Market Blog 12/16/2020 Stocks continue to surprise to the upside, with the Russell 2000 Index (small caps) and the Nasdaq making new all-time highs on Tuesday. The S&P 500 Index, a chip shot from new highs, already has made 30 new highs so far this year. “One thing that surprises many investors is new highs…
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4 More Years of Dollar Weakness?
The dollar is down nearly 4% since the beginning of November, and while the index is oversold in the very near-term, we remain bearish on the dollar’s trajectory in 2021.