Gearing Up for a Historic Day: Vaccine Day
Yesterday, the Dow and the S&P 500 hit new record highs… and then came tumbling down, dropping about a full percentage point once it was all said and done.
After moving higher all week to a new all-time high just about 3700, the S&P 500 came down sharply yesterday afternoon. It was down all the down about 1% off those all-time highs.
Turns out that markets were not thrilled about something. Turns out (surprise, surprise) congress still hasn't been able to cooperate enough to put a stimulus package through.
The good news is that it could set up for an even bigger day today and tomorrow than we might have had. In fact, I was looking at the table, and the market looks much better than it appears despite Wednesday's pullback. In fact, today could be historic. Here's why I'm feeling so optimistic.
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