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Dow Hits Record High As Vaccine Hope Trumps COVID ‘Casedemic’

COVID cases are exploding higher, hospitalizations are rising, and deaths have increased, but for the second Monday in a row, big pharma has dropped a press release proclaiming a “miracle” vaccine efficacy against the deadly pandemic.

Stocks soared initially… but just like last Monday, those early futures gains were quickly sold and Tech/momentum/growth was sold (weighing on Nasdaq)…From the vaccine headline, Nasdaq is unch, Small Caps significantly higher, Dow closed at cash high of the day.

The Dow (cash) hit a new record high today as futures tried (but failed) to peg 30,000 once again overnight.

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