Dow: +116.26…
Nasdaq: +198.68… S&P: +30.66…
It helped that our favorite economic lawn gnome, Janet Yellin, came out this weekend calling for the Fed and the government to throw the kitchen sink at the economy. “Time to act big” were her exact words.
She also said during her confirmation hearing that President-elect Biden will not repeal the 2017 tax law while the economy battles the coronavirus. So I guess that means when the first mask comes off, taxes will go up.
The S&P 500 gained 0.8% on Tuesday, reclaiming its decline from last Friday, in an advance led by shares of mega-cap, semiconductor, and energy companies. The Nasdaq (+1.5%) and Russell 2000 (+1.3%) outperformed the benchmark index, while the Dow (+0.4%) posted a smaller gain.
I added FLSY today as a new long.
Here’s your new transdenger health secretary. She’s the it that pulled it’s (cant use pronouns anymore) mom out of an assisted living home where many died.
Go USA