Today we have received confirmation that the Democrats have taken full power after they won the runoff elections in Georgia. In addition, Biden has been officially recognized by Congress as the next US president. This means that Democrats will not be prevented from introducing a huge fiscal package for the economy, or direct subsidies to American citizens.
Indices such as the S&P 500, DJIA and Russell 2000 are opening at record highs. Nasdaq has yet to catch up after Monday's sale-off. Nevertheless, one can see that no one on Wall Street today cares about the threat of higher taxes. Source: xStation5
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