November 29, 2020
Weekly Market Outlook
By Keith Schneider
US small cap stocks continue to show amazing relative strength and over the last six months and is one of the best performing stock indexes, up over 31%.The Small Caps were outperformed during this period by only South Korea and Taiwan, two countries that navigated the Corona Virus most adroitly.
Most noteworthy is that the selloff in Gold defied inflationary moves in energy, industrial metals, and soft commodities. This shows markets believe that geopolitical stress in under control despite some subtle background noise such as the killing of Iran’s top nuclear scientist … allegedly by Israeli agents according to Iran.
An unruly transfer power in the US is underway, but markets (gold especially) do not seem to notice or if they do, they don't care.
The highlights of this week’s market action are the following:
Best wishes for your trading.