Stocks hit record highs again last week, but COVID-19 is still a problem.
Stocks continued their incredible run higher last week, but as we saw over the weekend and overnight with Dow futures, COVID-19 is still here. In addition to the increased case counts here in the states, a new infectious version of COVID-19 was discovered in the UK, leading to a strict lockdown and several nations have responded with UK travel bans. The question concerning the stock market is does this result in a one-day sell-off or does it lead to a more prolonged market sell-off that many have been expecting?
For the week ahead, we have some good news in that Santa Clause is protected against COVID-19. So, as Santa makes his way down our chimneys this week, all of us here at Asset Strategy wish you all a happy, safe, and merry Christmas.
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.
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