Stocks jumped on the news, but didn’t go too crazy, maybe because so much of this has been built in for weeks. There’s still a vote this week where Congress will attempt to override Trump’s veto of a defense bill that passed with wide bipartisan support. There is some data coming down the pike (see more below,) including pending home sales for November on Wednesday. Meaning that with uncertainty over the negotiations out of the way, people can’t blame fears of a “no-deal” Brexit for market weakness. Many analysts say the U.S. market is fully or even over-valued, and that a weak dollar might help foreign stocks.

Source: Forbes December 28, 2020 15:11 UTC