What Can Merchants Anticipate in December?
Nasdaq 100 Value Outlook:
Nasdaq 100 Forecast: What Can Merchants Anticipate in December?
The Nasdaq 100 closed November greater than 11% greater for the month after surging within the aftermath of the US Presidential election and on the invention of a possible coronavirus vaccine. The 2 themes took turns dominating headlines all through November, whereas hopes of returning to a pre-covid world sparked some sector-specific rotations. The rotation away from sizzling work-from-home shares into extra conventional companies helped the Dow Jones and Russell 2000 outpace the Nasdaq 100 for the month – an rare incidence to make certain.
Nasdaq 100 Value Chart: 4 – Hour Time Body (August 2020 – November 2020)
Nonetheless, the Nasdaq 100 stays properly positioned as markets enter the twilight of 2020. Stimulus hopes and potential impasse in Washington that may take advantage of progressive insurance policies of Biden’s agenda tough to move have taken up the torch for bulls and the Federal…