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Absolutely nothing has actually essentially altered in the economic situation to call for a continual rally in the stock markets, claimed Gareth Soloway, primary market strategist at InTheMoneyStocks.com, speaking to Kitco News at 3:45 pm EST on Monday.
" I don't believe anything major has transformed. We knew an injection was going to come, the forecasts are still initial quarter, early 2nd quarter," he stated. "The very same thing with Biden entering the White Residence, it doesn't alter a great deal of the business economics of the marketplace, so it does concern me and also I utilized it to place on shorts today."
The Dow Jones rallied 800 points in the greatest solitary day gain in 5 months on Monday complying with Pfizer's announcement that their COVID-19 vaccination is 90% effective.
0:00 – Market summary
4:38 – Exactly how to trade VXX (volatility index ETN).
6:31 – Biden win on supplies.
8:55 – Market sell-off expectation.
9:40 – American Airlines (AAL).
11:25 – Pfizer (PFE).
13:07 – Zoom (ZM).
17:34 – Gold.
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"I would be surprised if we don’t sell off" - Gareth Soloway shorts stock market
Nothing has fundamentally changed in the economy to warrant a sustained rally in the stock markets, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com, speaking with Kitco News at 3:45 pm EST on Monday.
“I don’t believe anything major has changed. We knew a vaccine was going to come, the projections are still first quarter, early second quarter,” he said. “The same thing with Biden coming into the White House, it doesn’t change a lot of the economics of the market, so it does concern me and I used it to put on shorts today.”
The Dow Jones rallied 800 points in the biggest single day gain in 5 months on Monday following Pfizer's announcement that their COVID-19 vaccine is 90% effective.
0:00 - Market overview
4:38 - How to trade VXX (volatility index ETN)
6:31 - Biden win on stocks
8:55 - Market sell-off expectation
9:40 - American Airlines (AAL)
11:25 - Pfizer (PFE)
13:07 - Zoom (ZM)
17:34 - Gold
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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