You are right with Buy the rumor and sell the news and we might get to that point in time. It might be a good move in the upcoming S&P 500 launch on 21st of December. On the other hand we all expecting 2021 to restart the global economy so it is expected to see more growth for the big companies.
Now as you said it is all about risk management. Might not be a bad idea after all to take some profit from the market in this context.
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