US stocks continue to move higher on global vaccine optimism [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Listen to the latest market mood for the S&P500.

US stocks continue to move higher on global vaccine optimism. November saw a great month for the world’s major indices and hopes of further Fed easing should keep stocks supported medium term. The US fiscal stimulus package is also a great boost for US stocks and the anticipation of coming stimulus is another catalyst for growth.

Therefore, expect S&P500 buyers.

Trade Risks: The main risk to this trade remains to be if there is risk off trading on any rising COVID-19 lockdowns.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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