This Thanksgiving Week Not a Turkey For the Markets

This Thanksgiving week ended up not being a turkey as stock indices closed substantially higher with the small company Russell 2000 outperforming on vaccine hopes.    Treasury yields fell with the 30-year bond yield at 1.576% and the 10-Year note at 0.846%.  Crude oil rose to $45.52 a barrel and natural gas rose to $2.851 per […]

Two Vaccines but Markets Mixed

Stock Indices ended the week mixed with the Dow and the S&P500 down but the Nasdaq up slightly and larger gains in the Russell 2000 and international indices.  We now have 2 vaccines at or near application for emergency authorization with phase 3 trials showing high effectiveness and safe.  However, it will be months before […]

Revenge of the Nerds

It was revenge of the nerds this week with the formerly lagging large value stocks up sharply while the effervescent large growth stocks, who had benefited from online shopping and work at home, were modestly lower.  News of a successful phase 3 trial of a vaccine and an antibody treatment, submitted for emergency use authorization, […]

Markets Soar As Election Results Signal Mixed Government

It was a wild week with stock indices surging the most since April.  Despite a record voter turnout, we have seen neither a blue wave nor a red wave as results were mixed and many races were very tight. As of this time (Friday), the presidential election is not final with several states too close […]

New Record Daily Covid Cases and Maximum Uncertainty

Stocks indices ended the week substantially lower as Covid cases surged across the country setting records for a seven day average and for a single day.  Maximum uncertainty remains on stimulus/relief spending and what will happen after the election.  The declines came despite good economic news on third quarter gross domestic product and September consumer […]