Last Week in Review: Three Things the Markets Told Us About Election Day
Many were expecting uncertainty and chaos emerging from Election Day, and those people were not disappointed. Joe Biden will be the next president of the United States.
Even when the president was unknown, Stocks skyrocketed, and Bond prices soared, causing rates to decline.
What caused such a market reaction?
Here are three things the markets told us about Election Day:
Bottom line: The backdrop for housing looks amazing and the Fed will continue to support the economy alongside fiscal stimulus from the government.
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