Tackle Today: Janet Yellen rumored for next Treasury Secretary
November 24, 2020
≈ Stock Market’s extend gains Tuesday ≈
Traders,
Market’s are up again on Tuesday amidst broad based optimism from investors and traders on Wall Street and Main Street alike. Pick a storyline, and the market is interpreting it bullish.
The big story today is being reported that Janet Yellen is the lead candidate to take over the Secretary of the Treasury position. As a career dove, her policies are very pro Wall Street as she’ll keep rates low, and continue to push money into the market through Quantitative Easing type policies that have been favorable to stocks for more than a decade.
That backdrop, along with positive stories’ regarding Covid-19 vaccines, a general optimism about 2021, and a reopening of the economy have kept the themes in the market in place and bullish.
As we move through the holiday shortened week, it is important to remember that markets are closed Thursday and have a shortened session on Friday.
It will be interesting to watch the price action this week, to see if these bullish themes will continue and how they effect the sector rotation we have seen the last month. In the chart of the day below, you will see that Energy, Financials and Industrials have been the top performing sectors during the Month of November.
We will be live today and tomorrow for all our regular programming. Join us as we analyze all the action.
#TeamTackle
Chart of the Day
S&P 500 Sector Performance Nov 2 – Nov 23
Through the first 16 trading days of November, the Energy sector is the top performer in the S&P 500 sporting a +29.09% gain. Financials is second, and Industrials third, posting +13.90% and +13.08% respectively.
Video of the Day
Why You Should Use Implied Volatility to Buy and Sell Options
In this video, Coach Noah explains the importance of Implied Volatility when considering to buy or sell options.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show 8:30 PM EST
This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
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