Both Parties Are Getting Closer To A Covid Stimulus Deal

Commenting on a future Covid-19 stimulus deal today’s trading Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more The steep drop towards the end of the session shows that stocks could be vulnerable to negative catalysts following November’s lofty gains. Even though the S&P 500 and the Nasdaq both hit new record highs today, the rally lacked momentum, and Pfizer’s concerning announcement was enough to erase the major indices’ gains. The surprisingly positive stimulus developments had the biggest impact on the main sectors today, although the late-day sell…

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HEDGE accordingly