Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “In an email on Tuesday, Nicholas Colas, co-founder at DataTrek Research, also discussed the role a vaccine could play in the market going forward. Colas writes that if he were forced to say what moves stock prices in a single word, the answer would be “surprise”….
“Since ‘Surprise’ is the word of the day, we need to parse what fundamental factors make for earnings surprises from here,” Colas writes. “The easy part: the US economy needs to continue improving. That means we need further fiscal stimulus ASAP and an effective COVID vaccine in the next 6-9 months”….
Read the full article here on Yahoo Finance!