Market Model (25 November’20)

The Dow Jones Industrial retreated Wednesday, sliding back below 30000 after mixed economic data and the continued rise in Covid-19 cases. Wednesday’s decline marked a pause in a rally fueled by hopes for Covid-19 vaccines and easing concerns around the U.S. presidential transition. President- elect Joe Biden’s pick of former Federal Reserve head Janet Yellen for Treasury secretary has also increased hopes of sizable stimulus measures.