Stocks continue to be resilient even with Covid-19 cases trending higher. Can this continue?
It was another positive week for the S&P 500 even as there are signs that community spread is once again taking hold in certain states. It seems that the amount of stimulus pumped into the economy continues to outweigh the daily Covid-19 case count when it comes to financial markets.
So, for the week ahead, let us continue to watch the VIX. Last week, we mentioned that it broke above 30 and that we would like to see it move back below this level. If it can, then maybe the resilient stock market will continue to trend higher. But, if the VIX continues to move higher then be prepared for some potential volatility.
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:
Prefer Audio Over Video?
Stay informed on what's going on in the market without getting caught up in the flashy headlines.