November 30, 2020

Traders Guide to Black Friday & Cyber Monday

Midas Letter
Midas Letter
Traders Guide to Black Friday & Cyber Monday

Markets are reversing investor sentiment this Cyber Monday. The sentiment that has sent stocks soaring to all-time highs this month. November has been another record month for the overall stock market, but this week shows perhaps some profit-taking and a period of investors taking a breath.

The technology-focused NASDAQ, which has trailed in November, is currently the best performer. This shows that markets are again valuing the stay-at-home stocks instead of being optimistic about the recent positive vaccine news.

Regardless of vaccine news and the Coronavirus, nothing deterred shoppers this Black Friday from getting their shop on. Numbers indicating that retail sales are up and up huge.

Watch the full interview for a thorough dissection of all things affecting markets. Don’t miss as we discuss COVID, the presidency, and why gold has slumped as Bitcoin has rallied back to make another all-time high…


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