This week trader was busy with the turmoils in DC, and forget that at the end of the next week we have new administration in the office.(Please don’t fool yourself,USA is not a banana republic)
To me, the most important Biden pick so far is Yellen. In terms, Yellen is considered to be dovish — meaning she prefers looser policies, such as low interest rates, that are meant to stimulate economic growth.
Moreover, we will have the 2000 stimulus checks soon, which will weaken the US dollar 3 times more than the previous 2..!
You will be stunned by market performance soon!