Market Review and Trends
Smart Thought Of The Week: Resolution
By The Smart Investor  •  January 9, 2021

Blue Sweep, Reflation Trade, Pro-Trump Mob

Democrats won control of the US Senate with two Georgia victories on Wednesday, giving incoming president Joe Biden control of both Senate and House of Representatives. The two run-off elections were triggered after no candidate managed to win more than 50% during the Nov 3 election. Banks, materials and energy shares jumped higher this week as investors are now expecting larger stimulus and infrastructure bill to be passed through with a unified Democratic Party. 10y US Treasury yield also hit above 1% since March (yields rise when bond prices fall) as the prospect of more stimulus could feed through inflation. However, President Donald Trump continues to reject his defeat and even stoked anger among his supporters with his baseless allegations, resulting in a violent mob at the US Capitol with protesters roaming the legislative chambers and ransacking lawmakers’ offices....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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