‘Buyers strike’ is over, post-election stock rally has legs

first_img“There’s been a buyers’ strike for the last three weeks to cash,” but now that money is beginning to work its way back into stocks and helping propel the major U.S. equity indexes higher, Lee said on “Halftime Report.” “There’s been $4.5 trillion on the sidelines. Retail raised a lot of cash. People were really stressed into this. Now we have less uncertainty. Still uncertainty, but less and that’s why we’re rallying.” (This story is for CNBC Pro subscribers only.)The rally on Wall Street after Election Day may have momentum to continue into the end of the year, Fundstrat Global Advisors founder Tom Lee told CNBC on Wednesday.While the presidential race between President Donald Trump and Democratic challenger Joe Biden has not been decided, Lee said investors still have more clarity now than they did in the weeks preceding the election.- Advertisement – A trader works on the floor of the New York Stock Exchange.Adam Jeffery | CNBC – Advertisement – – Advertisement –last_img read more

Opinion

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Derby 1-0 Nottingham Forest: Redknapp influence helps Rams to derby day win

first_img Marcus Olsson puts Derby ahead 1 Marcus Olsson’s first goal for Derby was enough to secure a 1-0 victory over local rivals Nottingham Forest at the iPro Stadium and keep their promotion challenge on track.A game of few chances appeared to be heading for stalemate in front of a sell-out crowd of 33,000 until Tom Ince played Olsson in to settle the A52 derby 11 minutes from time.The game was full of sub-plots before the kick-off with Derby’s new football advisor Harry Redknapp watching from the directors’ box while former Rams midfielder Paul Williams was up against his ex-team mate Darren Wassall after replacing Dougie Freedman as Forest boss.The Rams won just their fourth match in their last ten. A half-time team talk by the football advisor and new Jordan boss seemingly helped as Swedish left-back Olsson went on to score the game’s only goal after 79 minutes. The ball broke to Ince just outside the area and he played Olsson in to place a low shot inside the left post.Forest have now lost six of their last eight Championship fixtures.last_img read more