The S&P found support near the 13-day moving average, but is still extended from the 200-day (~12% which is high historically).
Sector rotation is in full swing as investors digest the pandemic's growing second wave and positive vaccine news from Moderna and Pfizer.
Stocks that have lead the market higher may be dominating your portfolio, whether you hold them outright or as part of an index fund (e.g. Amazon, Target, Google, etc.). Take a moment to review your holdings and make sure you have the best companies across a wide variety of sectors.
More commentary after the jump... Stock Market Outlook - Week of November 22 2020
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