Closed up 1173 at 27,090, Nasdaq up 334 to 9018. The news says Biden, I would say the feds move yesterday had something to do with it. As long as housing stays strong, no worries. Housing and the economy are what to watch, not building or selling omes, market goes to safe harbors.
So for a week we have told the market decline was due to a coming virus and its effect on business.
Now yesterdays rocket recovery is based the surprising results of one candidate in the polls who supports health/insurance market status quo.
Nobody should be deluded into thinking who the market is really looking out for.
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
