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Overnight news that Johnson & Johnson is stopping its Covid-19 vaccine trial has put a (small) dent in stock markets today, although the Nasdaq may be proving that traders from Robin Hood and one or two big institutional options players (the ‘whale’) are ruling the tech waves. Markets are inclined to a take a glass half-full approach to both Biden’s increasing lead in the polls and hopes of US fiscal stimulus after yesterday’s strong rally.Third quarter earnings for banks kicked off today in a similarly robust way with BlackRock beating earnings estimates and assets under management... Read More

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