Model switches to CASH/NEUTRAL.
The election overhang with Trump potentially making some major moves could induce volatility. We also have the possibility of a unified Democratic government which is a potential headwind for tech stocks though a tailwind for stimulus. The results from two Georgia Senate races point toward Democratic control of the House, Senate and presidency.
With the stimulus package set and more coming, this cash signal is likely to revert back to a buy signal.
Market Direction Model - Model switches to CASH/NEUTRAL on January 6, 2021
|Published:||6 Jan 2021 09:24 ET|
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