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https://www.theguardian.com/business/2021/jan/06/ftse-100-stock-market-bubble-risk
The vaccine news benefited the travel/hospitality sector the most where as the Brexit deal is going to benefit financial stocks the most, in particular the banking sector and at the forefront of that will be Lloyds, so the demand for shares will be high , this was very much evident today when late in the afternoon it went to auction, which is very rare for a big bank such as Lloyds that has a massive amount of shares in circulation. There is going to be a lot of investors (retail and institutes/hedge funds) piling in tomorrow who will be in for the long term and whilst we will see some small dips throughout the day, these will be quickly bought just like today, so don't expect any big pullback even towards closing especially when the US markets are set to go to the moon tomorrow if the DOW breaks 30,300 this evening, propelling the FTSE even higher into the close!
Also keep an eye on the Dow, if it breaks the 30,300 resistance (currently only 30 points away!), then along with news of a Brexit deal, markets will be set for a massive rise tomorrow, the FTSE could potentially get very close to 7000 and this could equate to a 20%+ rise for Lloyds sp.
Just half an hour ago there was still some bookie offering odds on a Brexit deal, but all have now been withdrawn after William Hill was the first to suspend betting, you know what that means!!
I did however have a panic attack when I saw these crazy odds for a Brexit deal offering x15 return on a deal, until I looked closer....
https://www.oddschecker.com/politics/brexit/usa-and-uk-to-sign-a-trade-deal-in-2020
For an easy 10% gain tomorrow and hold into the New Year for even bigger gains!
The deal is done! William Hill have just removed the option to bet on a Brexit deal, bookies tend to do this when they know a certain outcome is a dead cert!
Also with the US due to pass a revised stimulus package tomorrow with Americans getting $2000 payments instead of the $600 that was passed on Monday, this will further boost the markets!
@avocet123 - The reason it will go much higher tomorrow is because when the deal is announced it will be official and removes any doubt/speculation and also most investors have day jobs and won't be constantly sat at their computer checking the news etc to allow them to invest immediately. There will be a lot of liquidity pumping the markets tomorrow and a Brexit deal will also encourage foreign investors to buy British stocks.
Yes, 100% deal is done, it is obvious by the current betting odds, 1/7 for deal (this is the shortest odds it has ever been) and 10/3 for no deal (the longest odds this last 3 months), the bookies are always the first ones to know!
Min 40p opening tomorrow!
And the reason ...
https://oilprice.com/Latest-Energy-News/World-News/Oil-Rally-Stalls-On-Larger-Than-Expected-Crude-Inventory-Build.html
"What's tp?"
Target price
"Pelosi won't want to give Trump a potential vote winner. It will in all honesty come directly after the election and probably with Biden's name on it."
My sentiments exactly. When Trump loses he will have no incentive to sign off on any deal and out of spite he will make excuses for not doing so, ensuring that it contributes to the markets crashing, something that he has repeatedly warned will happen if he loses the election.
Soon after US markets opened yesterday, Pelosi announced on CNBC that an agreement on a stimulus package is almost there and could come before the elections, this is the only reason for the markets rallying. Only we've been hearing this same rubbish for months with constant backtracking and investors keep falling for it over and over again.
Watching this, muscles in Brussels, always makes me chuckle...
https://www.youtube.com/watch?v=vIdrTSjzGKY
How can anybody take this guy serious. America is full of dense people, but still not enough to win him the election this time.
I never rule anything out as a possibility as that to me is just ignorance, but I felt confident to wager a £5k bet last year at good odds on Trump losing next month and as time passed, that confidence has increased. He won last time because he had no prior political career to be judged against and voters lapped up his propaganda and give him the benefit of doubt. Well there is no doubting now!! :)
Unless there is a drastic turn of events between now and tomorrow morning, the sp will rise tomorrow and probably recover most if not all of today's drop and then most likely continue to rise a little into early next week. It was set to drop further tomorrow until Trump intervened earlier this evening with his Tweets to manipulate the markets (as he's done many times) and stop them from falling despite the barrage of bad data day after day including today's announcement of rocketing jobless claims. But this will end when he loses the election next month and the markets tank, he will make sure of that! I won't be surprised to see the sp below 150p soon after.