Welcome to 2021, where right off the bat we get a potential market mover.
2020 closed with the Dow Jones and S&P 500 at record highs. The Nasdaq and the Russell 2000 closed just below their respective record highs. And as of Sunday, Bloomberg estimates that 4.33 million doses of vaccines have been given in the U.S. Why am I telling you all this? Well, back in February or March of 2020 who could have imagined any of that.
For the week ahead, we start off with a potential market mover – the Georgia Senate runoff elections. The election is tomorrow, January 5th, with two seats up for grabs. The amount of attention and money these two races have generated speaks to the importance of the ultimate prize. That prize being which party gets to control the U.S. Senate. Consensus seems to be that the Republican party will retain control – but what to watch is - what if they don’t and how does the market react?
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:
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