Below are some things I understand to be impacting the market at present. I wanted to gauge other peoples’ thoughts as to whether these are valid things to be reflecting on and/or whether I’m missing anything?
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Many FTSE stocks are looking cheap right now because 1) it’s looking most likely that we’re leaving the EU without a deal and 2) the rising number in cases of Covid 19.
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Biden looks set to win the US election but that’s largely already baked into stock prices that stand to benefit from this result such as renewal energy stocks.
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Tech stocks have tumbled in the past week after a long bull run. This isn’t likely to be the start of a crash but rather investors pausing for breath and looking at whether the narrative around some of these growth stocks has exceeded the numbers.
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Antitrust concerns render most (if not all) FAANG stocks precarious for the short to medium term
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The pandemic isn’t going to go away in 2021, much of the various sector performance trends we’ve seen this 2020 will continue