January 6, 2021

Equities continued yesterday’s rally, un-phased by the events in D.C., and all three major indices closed at record highs today.  The rally comes as markets are beginning to embrace a blue wave in Washington and what that means for future stimulus, which has been a driving force in market trends over the last several months.  Metals were relatively quiet today, holding onto some of their gains while taking a backseat to stocks and Bitcoin—which continues to surge and is now trading near $40,000, more than double its price a month ago and a 35% increase this week.