The US Stock Market Ushered In a Little Spring

    U.S. stocks rose across the board on Tuesday, with the major indexes all gaining more than 1 %, with the Dow, S&P 500, and Russell 2000 hitting record highs.

    Analysts see Yellen as Treasury secretary as a good choice, and Yellen knows how to print money, which should help in future fiscal stimulus talks. The market believes that the Biden administration will increase stimulus efforts and the economy will recover rapidly in 2021. The economically sensitive sectors, energy, financial, and raw materials all rose sharply, ranging from 2.5% to 5.1%. Goldman Sachs expects the S&P 500 to reach 4,300 next year; J.P. Morgan expects the S&P 500 to rise to 4,000 early next year and 4,500 by the end of the year.

    The market voted in favor of Biden's decision to nominate the Treasury secretary. Value, economically sensitive and small-cap stocks continued to lead the market's rise. The Dow reached the psychological mark of 30,000 for the first time, which also greatly encouraged the market. Continuing to adjust market capitalization and sector rotation is a necessary option.