Volatility remains elevated and last week it showed in the price action. Stick around as we talk volatility, price action, and mental alertness, next.
Even with the incredible run higher for stocks to start this month – market volatility has remained elevated. This comes even as we made it past the presidential election and received great news concerning vaccine treatment for COVID-19. Granted, market volatility is lower today than it was a couple weeks back, but still remains in the mid-20s, and unable to break below 20 which is an ideal environment for stocks. This means we need to expect weeks like last week that one day saw the Dow Jones gain 470 points just to lose 167 points the next day and 345 the day after that. During these periods of elevated volatility, it’s important to not let emotions dictate portfolio positioning.
For the week ahead, it's turkey time. Now, Thanksgiving may look a little different for most of us this year which may take a little excitement out of the holiday but let us try to focus on all the positive and turn off the negative for this holiday week. From all of us here at Asset Strategy, we wish you all a safe, healthy, and happy Thanksgiving.
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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