The Stock Market Sees a Record High November --- What's Up?


The stock market hit 30,000 and both the Dow and the S & P 500 had the best November since 1928. Oak Harvest Financial Group CEO Troy Sharpe says, "there are 3 reasons."

The first is a stimulus. "The Federal Reserve has announced 120 billion dollars a month they will inject into the system. And globally we're looking at 360 billion per month going into the financial system from Central Banks around the world."

The second is the prospect of a Covid Vaccine. "The vaccine means the economy will reopen in 2021 People are feeling more confident that things will get back to normal."

"Because of the stimulus and the vaccine, all that leads to number 3 which is Economic Growth in 2021 that we expect to far exceed 2020 levels."

You can hear Troy Sharpe of Oak Harvest Financial Advisers every Saturday afternoon on Retirement Income Show here on 740 KTRH.

The Dow and S&P 500 had their best November (2020) since 1928.

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