Wow, look how effective the new vaccine is, link here:
Futures: Since about 4:00 p.m. CT I've been following futures. The three major indices continue to climb the wall of worry, not much, but definitely trending in the "right" direction.
Futures look really, really nice right now.
And guess what? Breaking? President Trump signs the Covid-19 relief bill. It's gonna be a great Santa Claus rally. [Later: since the news broke that President Trump signed the bill, futures are moving up quickly.]
Santa Claus rally, from the internets:
The Santa Claus rally refers to the last five trading days of December and the first two trading days of January. Since 1950, notes the Stock Trader's Almanac, the S&P 500 has averaged gains of 1.3 per cent over this period. That sounds modest, but it's one of the best seven-day periods in the year. By this definition, the current "SCR" began on/about December 23, and will run though the rest of this week, and through Monday/Tuesday, January 4 - 5, 2021, next week.Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
Chinese flu watch: this is not surprising. We will see how it plays out.
By the way, this is really, really cool. If Europe doesn't want the vaccine, that will leave a lot more for the US. This is quite incredible.
For the record, since leaving the military, I've had only one vaccination -- a tetanus booster back in 2018. I retired from the USAF on July 1, 2007 -- wow, 13.5 years ago. I had more than enough vaccinations in the military to last me a lifetime. LOL. I have no plans to get any more vaccinations except the tetanus booster every ten years. I'm "giving" my vaccine to someone who needs it more than I do.
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Sophia and St Thomas, Christmas, 2020
After her dad got the catamaran headed in the correct direction, Sophia took over:
