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" ... Jonathan Curry: My crystal ball is telling me no, sadly. Back in October Trump put the kibosh on negotiations over a coronavirus relief package and effectively ruled out any preelection action on that front. At the time, though, he did promise that a deal was going to get done right after the election. ... "
" ... Of course, the fintech companies’ current lofty valuations depend on consumer spending staying strong and consumers retaining some of the online shopping habits they’ve developed over the past six months. With a preelection agreement between Congress and the White House on a new stimulus package looking unlikely and the future course of Covid-19 unknown, there are no guarantees. But for now, these fintechs are riding high. ... "
" ... “While Dow 30,000 is a symbolic moment for the stock market, it is simply a continuation of the market’s euphoria after the preelection selloff,” says James McDonald, the CEO of Los Angeles-based Hercules Investments. “We are positioning for a 20% stock market pullback between now and the 2021 presidential inauguration,” he added, further noting that rising Covid-19 cases, continued election uncertainty and the likelihood of insufficient fiscal stimulus from Congress are all incredibly bearish for the market’s short term. ... "