AIM - The Santa Rally May Have Commenced

Note: This was a holiday-shortened roundtable this week. Next week's episode will follow a similar format and be aired around the same time. Stocks closed higher going into the holidays thanks to late buying due in large part to the Brexit deal in Brussels. The week started with “risk-off” sentiment on concerns about a coronavirus mutation. There was some volatility around the stimulus drama, but ultimately not enough to dent bullish sentiment. Winners & Losers The British pound (FXB) rallied after news of the Brexit agreement reached markets. Shares of Lloyds Banking Group (LYG), Melrose Industries (MLSPF), and Tesco (TSCDF) also gained on the news. The tech-heavy Nasdaq (COMP) outperformed the S&P 500 (SPY). Shares of C3.ai (AI) continued their ferocious rally since the IPO earlier this month, adding more than 10% this week. AIM Immunotech (AIM) gained about 15% this week after its Ampligen trial was green-lighted. SIFCO (SIF)

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The Santa Rally May Have Commenced