Market Report for Dec 15 2020
Nasdaq Composite +38.6% YTD
Russell 2000 +14.7% YTD
S&P 500 +12.9% YTD
Dow Jones Industrial Average +4.6% YTD
NYSE Vol: 1.0 bln (A)
Nasdaq Vol: 4.4 bln (A)
Growth Portfolio % of Return:
FX & Comms: -5.25
The Pfizer and BioNTech vaccines started to roll out in the U.S. but that was of no surprise to the market. As a result, The S&P 500 and Dow Jones Industrial Average both ended the session negative while Nasdaq had a positive day.
Energy was the biggest loser on Monday. The two high-profile IPOs from last week both had close to 10% declines too.
IPOB (L3 trade) was our biggest winner with a 13% move up while SPCE lost 16%. This decline was as a result of a canceled launch due to technical reasons at the weekend.
Watch for noise in this market.
Let’s go trade!