The day has finally arrived! As we await for the inauguration of President-Elect Biden, markets are showing us some encouraging moves underneath the water. Overnight, the Nasdaq 100 Equal Weight (NDXE) made a new all-time rel high (vs S&P 500) for the first time since 2005. In Asia, the Hang Seng closed strong once again and made a new all-time high this morning. Alibaba contributed to the move (closed +8.5%) after its co-founder Jack Ma finally appeared in public (last seen in October). Here in Europe, smallcaps continue to outperforming with the Stoxx Europe Small 200 (SCXP) making a new 20year rel high earlier. Growth/Value remains steady though with STVP +0.7% and STGP up +0.8%.
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