Whether it’s a promise of a treatment that significantly reduces the death rate due to COVID-19, as it did in Friday’s session, or the possibility of a vaccine against the same virus that could ease uncertainty when new waves of the pandemic occur, as it happened today, the market continues to be anesthetized in doubts these days by the optimism of the public health aspect, leaving the Bulls with a free path to push Wall Street towards new historic highs.
In a week in which earnings will also be a pressing issue, the good news that came out of Pepsi’s results set the tone for all sectors of the S&P 500 to continue to increase, with emphasis on health, industrial and retail companies of non-essential products , which rise by about 2% each. We will see if the good winds for the Bulls continue as soon as the financial sector starts to release its results, however the trend is undoubtedly bullish.
