From the Wall Street Journal’s “Stock Futures Wobble With Dow, S&P 500 at Record Highs” posted early Monday:
Investors are starting the week on a cautious note on concern that therollout of Covid-19 vaccines is facing some hiccups. A string of blue-chip companies are scheduled to report earnings this week, and will offer a view on businesses’ expectations for the pace of economic revival. Money managers are looking to gauge whether stocks’ high valuations are justified after the recent rally took the Dow and S&P 500 to closing records last week.
“After a big move, you get a pause of breath and a bit of a reassessment,” said Caroline Simmons, U.K. chief investment officer at UBS Asset Management. “People are reassessing, waiting for newsflow that might indicate that growth and inflation remain on track.”
My take: Fasten your seatbelts. The next two weeks, starting tomorrow, will be packed with Apple news.