Major US Equity Indices Rally Huge Into Resistance Last Week; Likely To Be On Pins And Needles Until Georgia Runoff Outcome
November 09, 2020 at 04:44 AM EST
US equities surged last week pricing in a divided government. The focus now shifts from the White House to Georgia, to the runoff election on January 5th. If the Senate flips, risks of higher taxes and bigger budget deficit meaningfully go up.