AUTHOR
Mick Weinstein
Mick is the Head of Editorial for Covestor, a financial journalist and online content specialist. Prior to joining Covestor, Mick was for five years the Editor in Chief and VP Content at stock market analysis website Seeking Alpha, where he built the editorial function as the site attracted over 3.5 million unique monthly visitors and developed an innovative platform for intelligent stock market discussion. Mick is a graduate of the University of Michigan, Ann Arbor.
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Fewer stocks are driving the stock market rally
The latest research suggests a high chance of QE3 already priced into the market — one reason to think stocks might not rally hard on an announcement.
A sharp decline in the price of oil occurred amid speculation that the war in Iran may be over soon, given President Trump’s willingness to negotiate. However, those claims appear to have been denied by the Iranian government, leaving investors largely uncertain about what happens next.
Next year may see the great rotation of capital from bonds to stocks.