Allegiant's Senior Research Analyst Will Geisdoft, CMT, has been quoted in MarketWatch today:
Dow Off Session Highs, After Making Progress Toward New Record as 2020 Winds Down
"To me this just seems like a bit of a consolidation. We'll drift through the holidays with light volume and maybe in the first-second week of January we'll get some catalysts. The reflation trade has gone a little too far, too fast. The early stages of the vaccine roll-out have been underwhelming and people are reconsidering how fast the economy is going to bounce back. I think we're waiting for things to get a little more organized and the vaccine rollout to spread, and people will get back to the reflation trade."
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