Dollar, S&P 500 Rallies Waylaid by Anticipation of Biden Stimulus, Fed Taper

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S&P 500, Bitcoin, Tesla and Dollar Talking Points:

• Risk appetite had already lost traction when the week started, but the anticipation of further US political concern and stimulus talk has anchored recovery
• Both highfliers Bitcoin and Tesla have seen their unbroken enthusiasm finally called into question, but does their retreat signal a broader market fear?
• Top interest moving forward on my radar is the conversation around stimulus: anticipation for fiscal stimulus from Biden and fear of an eventual Fed taper

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