Nasdaq Week In Review – 11/2/2020 – 11/6/2020

The previous week was the worst since March, so why not follow it up with the best week since April. The Nasdaq closed the week with +9.01% gains. The index regained all key support levels and tempted the highs of 10/12 where it had previously pivoted down. The change in momentum came as investors realized the “blue wave” they previously predicted would not happen and their would at least be a Republican senate to temper any radical changes proposed by a Democratic Whitehouse.