Rotational Action Accelerates but Stimulus Hopes Provide Support

The indexes managed to stay in positive territory all day, but selling picked up later and there was some stronger rotation out of the recent momentum favorites and back into the big-cap growth names.

Special purpose acquisition companies, electric vehicles, cannabis, bitcoin, oil, solar, and other recent leaders were choppy, while the FATMAAN tech names, semiconductors, and software experienced some positive rotation.

This constant rotation allows individual stocks to correct, while the indexes continue to trend higher. It requires more active trading, but it is good for stock pickers that stay focused on which sectors are performing best.

Much of the market could use a rest and a rotation is a good way to do it. It can be deceptive as it is easy to be caught in the wrong names when it takes place, but if you stay focused on managing trades, it won’t do too much damage.

With

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SSI and SSDI recipients: What to know about stimulus payments, the first and possible second check

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If a new bill passes and you’re part of the SSI or SSDI programs, you’ll likely be eligible for a second stimulus check.


Angela Lang/CNET

Communications between Congress and the White House about the next coronavirus relief package have stalled, but once they restart, those who qualify for Supplemental Security Income or Social Security Disability Insurance will likely be eligible for a second stimulus check.

The odds on the IRS distributing another economic impact check before the end of 2020 are growing slimmer. President-elect Joe Biden has a stimulus plan that would include a second check, but Inauguration Day is still over 60 days away. 

Read moreJoe Biden is president-elect. Here’s his stimulus plan for the US

If you do participate in the SSI or SSDI programs and didn’t get the first stimulus payment, you must file a claim for yourself or your child dependents in

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You have 6 days to claim a stimulus payment from the IRS, but time is running out

With the House of Representatives returning to work this week, Washington lawmakers still have time before the end of 2020 to return to the table and hammer out another economic package that would include a second stimulus check of up to $1,200 per qualifying adult. But if the IRS still owes you a first stimulus check, you only have less than a week to claim it by the end of the year.



a close up of text on a white surface: There are pockets of people who are still owed a stimulus payment from the IRS. Sarah Tew/CNET


© Provided by CNET
There are pockets of people who are still owed a stimulus payment from the IRS. Sarah Tew/CNET



a close up of text on a white surface: The IRS this month will contact 9 million Americans who may still be owed stimulus money.


© Angela Lang/CNET

The IRS this month will contact 9 million Americans who may still be owed stimulus money.


Several groups of Americans eligible for a payment need to take an extra step to receive the first stimulus payment that started going out in the spring, but they have just a handful of days to claim

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Stimulus checks, SSI, SSDI: Key details about the first and second potential payments

money-cash-dollars-bills-bank-stimulus-covid-finance-7157

If a new bill passes and you’re part of the SSI or SSDI programs, you’ll likely be eligible for a second stimulus check.


Angela Lang/CNET

Supplemental Security Income and Social Security Disability Insurance recipients will likely qualify for a second stimulus check. But negotiations on the substance of another coronavirus rescue package that would fund that stimulus aid must yield an agreement soon — and withstand a Congressional vote — for people to see any money before 2021

Read moreJoe Biden is president-elect. Here’s his stimulus plan for the US

If you participate in the SSI or SSDI programs and didn’t get the first stimulus payment, you must file a claim for yourself or your child dependents by 12 p.m. PT (3 p.m. ET) on Nov. 21. We’ll walk you through details that concern SSI and SSDI recipients below. (Here are some of the groups

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Stimulus checks, SSI, SSDI: Crucial details about the first and second payments

money-cash-dollars-bills-bank-stimulus-covid-finance-7157

If a new bill passes and you’re part of the SSI or SSDI programs, you’ll likely be eligible for a second stimulus check.


Angela Lang/CNET

We still have hope that a second stimulus check will make it into the hands of qualifying people before 2021, even as negotiations to pass another coronavirus rescue package move at a glacial pace. 

Despite the fact that many people won’t be eligible for a second stimulus check, it’s likely that Supplemental Security Income and Social Security Disability Insurance recipients will meet the qualifications to get paid — even though it’s unclear how much anyone will get.

Read moreJoe Biden is president-elect. Here’s his stimulus plan for the US

If you didn’t get the first stimulus payment and you participate in the SSI or SSDI programs, you have until 12 p.m. PT (3 p.m. ET) on Nov. 21 to file

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