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Strength of the Market
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The Strength of the Market is: Strong

hyggeadvisors
Nov 16, 20201 min read

Encouraging news from late-stage vaccine trials has raced stock markets to all-time highs. In the US alone, Coronavirus cases have hit 11 Million and a second wave seems to be taking hold. Even so, the prospect of an effective vaccine has investors optimistic of a faster-than-expected economic and health recovery. Economic news from last week was mostly positive:


•Jobless Claims - better than expected

•Small Business Optimism - in line with expectation

•Job Openings/Labor Turnover - in line with expectation

•Consumer Sentiment - worse than expected


Looking forward to this week, investors will be gathering insights on the economy from Housing, Jobs & Retail Sales reports, to name a few.


With stock markets hitting all-time highs, our price-trends and momentum research continues to show a fully strong signal for global stock markets.

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