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Wall Street, unstoppable in its best week since November and new highs


Wall street remains at record highs after employment data of the month of January. The New York Stock Exchange has had a very positive week after the correction at the end of January and is back at record zone, immune to the pandemic and doubts about its high valuation.

If there is a bullish close this Friday, the New York indices will close their best week since November, when the success of the vaccines was announced, since they accumulate gains of more than 3.6%, which in the case of Nasdaq exceed 5%.

Investors continue to buy after the United States Senate approved, thanks to the decisive vote of Kamala Harris, a parliamentary resolution of $ 1.9 trillion to deal with the impact of the pandemic.

The new economic stimuli by the Biden Administration, the full support of the Federal Reserve (Fed) and advances in vaccination anticipate a strong economic growth in 2021, especially from the second quarter, which is also boosting the profitability of US bonds.

So, for now, and despite the fact that any unexpected event can trigger a correction of some magnitude (it would not be uncommon to see a 5% to 10% drop in the coming months or weeks), the short-term feeling is calm.

Credit and Surety provides that The United States recovers its pre-pandemic GDP levels by the end of 2021 thanks to the deployment of vaccines, the reopening of companies, the increase in consumer spending and the important fiscal stimuli that the new Administration will apply.

In the economic scene, investors have been pending the publication of the January Employment Report. A month in which the US has created 49,000 jobs, slightly less than the 50,000 anticipated by the consensus of experts.

On a business level, Reddit's retail investor revolt is on the wane as GameStop plummeted more than 40% this Thursday and accumulates a weekly drop of 80%, although it anticipates a 7% rebound after the trading application Robin Hood withdraw some of its trading limits on the value.

In other markets, oil West texas rises + 1.39%, to 57.01 dollars, while the euro It rises 0.340% and changes to $ 1.201. In addition, the profitability of the 10-year American bond it advances to 1.13%.

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