by Mike ‘Mish’ Shedlock
Let’s investigate claims as to why the market does this or that.
Claim of the Day
Here’s the claim of the day: Wall Street Opens Higher as Faith in Stimulus Persists; Dow up 130 Pts
No one really has any idea on most days why the market does this or that.
It’s likely the market and gold are both higher not because of any deal between House Speaker Nancy Pelosi and president Trump, but for something not so obvious.
If the market falters this afternoon there will be another reason perhaps the opposite: Market down as stimulus hopes fade.