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TRND - The 1-Minute Market Report - January 4 2021
Pacer Trendpilot Fund of Funds ETF
It was a good week, up 4 out of 5 days. But momentum was probably dampened by the weak employment report last Thursday and the spiking COVID-19 cases, not to mention the disputed election results.
The market today is 172% above its long-term mean. This is higher than it was at the top of the tech bubble in 2000, and the Roaring '20s before the crash and the Great Depression.
How long the upward momentum can continue is debatable. It all depends on earnings going forward.