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 […]

Q3 Earnings and Cases Rise

Stocks ended the week mixed with in the small cap Russell 2000 and international indices up and declines in the S&P 500, Dow, and Nasdaq.  Third quarter earnings have been coming in with near record percentages of companies beating estimates and the size of those earnings beats.  While Steven Mnuchin and Nancy Pelosi came a […]

Rising Cases but Some Progress on a Stimulus Bill

It was a choppy week with major stock indices ending mixed.  The Nasdaq had a modest gain and international indexes were lower.  One vaccine and one antibody treatment trial were postponed out of caution due to unexplained illnesses but Pfizer announced they could seek emergency-use authorization for their vaccine as early as late November if […]