[wgmalabama]

Nope. They priced in a Trump victory and a solid recovery. The market is now waiting to see if it’s true. The economy got the shit kicked out of it. Major industries (entertainment, travel, retail, automotive, ....) are down hard. I am very surprised by the stock market response. Many well known brands will be gone in 12 months. I personally think the market was way opportunistic about recovery. I believe COVID aka China communist virus will have a 2-3 year impact on growth. The market will fall. How fast depends on who is president.

[palmer]

I think you are talking about the general trend since the low in March and I am talking about the last week. There was a diouble top, early Sept and mid-Oct. That's not usually a sign of strength. So you might have something of a point.

But the market also rotated away from the weak sectors like travel. Those have only meandered up a little since March-May.