Could the real Black Friday be December 11th?
The stock market indices are at all time high, climbing the wall of worried of the megaphone resistance.
Meanwhile:
- There is 20 million Americans unemployed
- Covid-19 is at all time high
- Stimulus is ending at the end of the month and there are no visibility as to whet and when the next wave of stimulus will be.
Yes, there is a vaccine coming but vaccination will take time...
With Thanksgiving Travel and gatherings and the return of the cold weather in some regions, the spread of the virus could be out of control. Then, to make things worse, Christmas and New Year is also just around the corner with more gathering in sight.
Considering symptoms appear between 2 to 14 days after being infected, that would mean that between December 3rd and December 10th, a Covid-19 spike could erupt in many US regions. So, without putting to much credibility on the exact date, I believe things will get worse before they get better.
We could see SPY fall from its megaphone soon!
Disclaimer: The above is not an investment advice. It is merely an idea and an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
Meanwhile:
- There is 20 million Americans unemployed
- Covid-19 is at all time high
- Stimulus is ending at the end of the month and there are no visibility as to whet and when the next wave of stimulus will be.
Yes, there is a vaccine coming but vaccination will take time...
With Thanksgiving Travel and gatherings and the return of the cold weather in some regions, the spread of the virus could be out of control. Then, to make things worse, Christmas and New Year is also just around the corner with more gathering in sight.
Considering symptoms appear between 2 to 14 days after being infected, that would mean that between December 3rd and December 10th, a Covid-19 spike could erupt in many US regions. So, without putting to much credibility on the exact date, I believe things will get worse before they get better.
We could see SPY fall from its megaphone soon!
Disclaimer: The above is not an investment advice. It is merely an idea and an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
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