Dow Jumps 300 Points As Formal Biden Transition Begins, But The Market’s Flashing A Few Warning Signs

Stocks continued to rally on Tuesday, with all of the major indexes hovering at or near record highs after blowout retail earnings and added clarity in Washington, but the bull market's raging optimism could spell trouble for stocks in the short term.The Washington Post via Getty ImagesShortly after the market open, the Dow Jones Industrial Average was climbing 340 points, or 1.1%, while the S&P 500 and the tech-heavy Nasdaq edged up 0.8% and 0.4%, respectively.

Stocks got an early boost from added clarity in Washington, particularly with the announcement that President-elect Joe Bidenformer Federal Reserve Chair Janet Yellen to head up the Treasury Department–a sign the new administration could be willing to more closely coordinate monetary and fiscal policy to boost the economic recovery.

On the earnings front, Dollar Tree, Dick's Sporting Goods, TIffany and Bed Bath & Beyond were all among retail firms posting blowout quarterly results since Monday's market close, with shares of Dollar Tree leading the pack and surging nearly 8% thanks in part to the firm'sFood producer Hormel was one of the few firms to report worse-than-expected earnings, saying that more than $80 million in costs related to the pandemic, including lower production volumes, employee bonuses...

Global markets also extended gains on Tuesday, largely on continued vaccine optimism: Japan's Nikkei 225 ended the day up 2.5%, while the United Kingdom's FTSE 100 was up 1.3% as of U.S. market open, and Germany's blue-chip DAX index had climbed 1.1%."The reaction from stocks since the U.S.

For a market that is informationally efficient, I expect this mood swing till January 21.

Are all your lawyer buddies set to get rich from this? I can see the lawyer commercials 20yrs from now.. ' did u take the vaccine? Did u grow a 3rd eye ? ' call us we will take your case!! Yeah, you sir will cause a civil war with your ideals of globalization!!

Election being over is already baked in. Current Market move is due to several Covid19 vaccine and drugs being made available. StockMarket

2021 Biden- Harris administration brings leadership, stability, integrity & diplomacy. And qualified cabinet members who put country first!

That will last about 6 months. 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

Let me guess why?

How😂😂

Yes agree! Trump won in a landslide and everyone is excited. USA USA USA!!!!!!

thank you very much for your work

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