‘Very, Very Busy Week’ Wipes Out Traders’ Usual Holiday Doldrums
- Breaking news, political updates spark elevated trading levels
- Wall Street pros expect ‘business as usual’ in an unusual year
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Turkeys are being deep fried and Christmas trees going up -- and so are stocks. Wall Street pros, for whom the holiday season usually means a slowdown, are expecting no such thing in 2020’s version of Thanksgiving.
“Yeah, it’s business as usual,” Jonathan Boyar, managing director at Boyar Value Group, said from his set-up in the suburbs of New York. “I am home the same way as I have been home since March,” he added, noting that he’s only “taking off Thursday and back to work on Friday.”