The market is expecting Biden to be sworn in next week. Investors have bet big buying companies they believe will benefit with a Biden Admin. If "out of nowhere" Biden did not get in the market would consider it a "Black Swan event". The market will drop big as those investors unwind their positions. if you are thinking about getting into the market consider waiting until this is played out. I already shorted the market yesterday. i intend to hold my position until after next Wednesday. If the market does what I believe consider it a gift. Then think about getting in I can tell you that when President Trump gets in who knows how high it will go. I think I would stay away from Big Tech no matter what.
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Almost every large cap fund has heavy Big Tech in it. If Big Tech is hit as I expect it will be a huge pull down on every portfolio
That is why I took a SMALL short position in the market. Shorting the market is not really the best idea. This coming week should be a unique week
Yes. Cant see the market going up any further, too much uncertainty, markets hate that