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Last week was a heckuva year.
In possibly the craziest week of news we’ve seen in the past 13 months, markets yet again ended the week breaching all-time highs. We may have a pullback to start the week, however, as it is safe to say talk of a new stimulus package has been tabled for at least the next couple of weeks as congress deals with the fallout of the capitol riots. Tech in general, and social media in particular, will be much discussed over the coming months.
The good news is, coming off of those highs, we’ll have some value to the downside, and watching key areas of short term support on both the overall markets and the underlying stocks will likely be what takes up most of our Monday. Stay nimble this week, as it is likely to be a news driven market, possibly until well past the inauguration.