Every time Trump and Pelosi flirt with this next round of stimulus the market goes up. Hasn't it already priced in the stimulus like every day it went up since stimulus talks began?
On the downside, you have these risk factors:
1. Chinese news saying China is going to ready to take Taiwan. That would put the US alliance system into question if we didn't go to war.
2. US election - stage is set for a contested election
3. Stimulus bill passing the Senate while the senate is fighting over the Supreme court nominee. For that matter, will it even pass the house?
4. No deal Brexit - time is up next Thursday
5. Covid-19 resurgence in Canada, Europe, and norther US states
6. Slowing economic improvements
7. Record debt held by individuals, corporations, and federal government
8. 3Q 2020 earnings trickling out and massive credit warnings and downgrades ahead
Alright, bulls. Let's hear it...