I've restocked the Dip-O-Meter with 14 technology stocks on my JubakAM.Com subscription site.
Here are just some of the places in the financial sector where a Biden administration could restore stricter regulations
I think it's safe to say that whether it's the environment or energy or workplace safety, a Biden administration will look to restore regulations that the Trump administration rolled back. And that includes the financial sector where the Trump White House has done its best to loosen or eliminate financial rules imposed during the Obama years. And that includes the financial sector where the Trump White House has done its best to loosen or eliminate financial rules imposed during the Obama years.
Today, technology stocks that took it in the neck yesterday bounced back strongly. The Standard & Poor's 500 was up 0.77% today, November 11, but the NASDAQ rose 2.01% and the NASDAQ 100 climbed 2.31%. The Technology Select Sector SPDR ETF (XLK), down 1.86% yesterday, was ahead 2.37% today.
If you remember, my "calendar" listed a short-term post-election rally to be followed by a downward trending market into the early part of December. And then a renewed rally heading into January. I didn't include yesterday's coronavirus vaccine news from Pfizer in that mix, but yesterday's reaction to that news strikes me as having put a cherry on top of recent optimism. By my accounting, the good news--election relatively peaceful, positive vaccine news, hope for a limited coronavirus stimulus before January--is now baked into stock prices.