Morning all.
“At last we have a deal,” Senate Majority Leader Mitch McConnell said around 1:37 a.m. ET from the floor of the Senate. ”“In effect, this is a war-time level of investment into our nation.”
Asia continued its prior day rally after records breaking gains in the US, and now the European session has picked up the baton with indexes all on the rise at the moment.
It’s good to see some drawdown recovery but it’s hard to be all that excited about this rally given the backdrop. While I think the rally can last through today I’m concerned about the weekend as virus testing is on the up across the globe and that could lead to even worse stats than last weekend.
I closed a couple of positions yesterday and if I can take 3-4 profits today/tomorrow and move back above 5% cash, I will take those opportunities.
I’m still open to adding some capital to buy some bargains and this snap rally has interrupted that plan, but if this does rollover then having spare cash plus the option to inject some capital will make that bottom-fishing exercise easier to conduct.
Should be an interesting day, thanks for your time.
$SPX500 $NSDQ100 $DJ30
