The need for trading efficiently requires innovative solutions. Stock market trading software has advanced to great levels so that people are encouraged to get started soon. Presently, the market is in a bullish stage though there are hurdles to economic growth.
Covid-19 Vaccine Hopes Boost Markets
Yahoo Finance reports that at the end of the last full week of November shortened by the Thanksgiving holiday, the stock market ended on a high on Friday, November 27th. Trading after Thanksgiving saw Covid-19 vaccine hopes boosting investor confidence. Tuesday, November 24th saw the Dow Jones soar above the record 30,000 mark, also fueled by expectations of an effective vaccine roll-out in early 2021.
On Friday the fear gauge, which is the CBOE Volatility Index (VIX), dropped briefly below 20. This has been the lowest level it has dipped to in 9 months. Though the Dow Jones eventually dropped below 30,000 on Friday, it has been up by over 13% this month. That’s over 10,000 points more than its massive March low. Historic highs were also recorded by Nasdaq, the Russell 200, and the S&P 500.
Experts Predict Vaccine Doses to Boost Economic Growth
According to a research note by Goldman Sachs economists, the first Covid-19 vaccine doses will be made available from mid-December this year. Widespread vaccination is expected to commence in April. That puts Q2 next year to be the right time for economic growth to be rocketing.
Currently, despite the bull market, we are seeing coronavirus dragging down economic growth. The jobs recovery has been set back by a further 778,000 workers filing for unemployment benefits for the week that ended on November 21, according to Yahoo Finance. This is causing various state governments to mull further restrictions on social gatherings and hanging out. MarketWatch reports that traffic at physical stores in the US on Black Friday had reduced by 52%, though online retail sales were at an all-time high.
With commission free trading, there are plenty of opportunities within the stock market. With the help of advanced broker dealers, you will discover more innovative tools to help you make the right decisions.
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