I don't think C19 is a good reason to be short the S&P. Even if it comes back, politicians won't shut down the economy again and even if the economy shuts down itself, the market will probably rally on more stimulus expectations and UBI funded through continued MMT.
More Covid would be a gift to the market. The Fed will step in with QE5 and the treasury will send out $2000 checks every month to the entire country. Overlay an S&P chart with the Fed’s balance sheet since 2009 and all will be clear.
New historical highs and the nasdaq didnt even open. More free money. Amazon apple fb nflx goog amd the rest of the other top nasdaq heavy weighted stocks all being jammed higher....easiest way to create unlimited nasdaq gains. Ndx 30,000 by 2022
Tesla 350 to 1000 in less than 90 days.... And there hundreds of other stocks that have ran straight up like this.....remember a market can never ever be overbought but can always be oversold!!
OH NO !!! NQ now 10038.75 ie 7 digits !!!!!!!! it was 6 digits few hours ago. very bad news for those elderly folks with poor eye sight !!!! how nice if Futures have just 4 digits like Crude oil (now at 38.70)
Thats the last time you will see the nasdaq go 6 digits. Its 7 from now on. No dips below 10,000!!!! Onward it goes. Giddy up