Dow futures rise 150 points as Trump administration begins transition process

[NewsFeeder]

Dow futures rise 150 points as Trump administration begins transition process

Stocks kicked off the Thanksgiving week on a high note on Monday as investors piled into reopening trades amid vaccine optimism.

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[James48843]

This is going to be very positive news for tomorrow. I see a whole bunch of Trump people suddenly disbelieving - after hearing that Trump won, and now the GSA has acknowledged and given the keys to Joe. Another big UP day tomorrow, and should be a positive week ahead. Cross my fingers!


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[James48843]

GSA letter, and Biden Transition team response.


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[rangerray]

If the market responds to anything, it will be the likelihood of no less than three vaccines being available to Americans very soon. We've been told this relief was on the way for many months and now the market is responding. The market will not turn up further based on anything written in that response letter from the Biden transition team, which appears to be political grandstanding more than anything else. I'm not sure that's it's even worth mentioning in regard to the current market action.

The administrator of GSA, Emily Murphy, clearly states that the winner of the presidential election will be determined by the electoral process as outlined in the Constitution, so the first sentence of the transition team response clearly screams grandstanding.

 

[James48843]

Japan’s Nikkie opens up huge. Now up 2.62%. That’s going to be a huge upside for the I fund on Tuesday.


I don’t care what the trigger is- elections or good vaccine news, I’ll take it. I’m fully in the market at the moment. It’s all good.


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