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[Yahoo/Bloomberg] U.S. Stock Rise; Bitcoin Tops $18,000: Markets Wrap [Reuters] Dollar under pressure as vaccine hopes get tested [Yahoo/Bloomberg] China’s Credit Jitters Deepen a Selloff in Government Bonds [AP] Pfizer: COVID-19 shot 95% effective, seeking clearance soon [CNBC] Coronavirus live updates: Pfizer says its 95% effective vaccine works across all ages and races [CNBC] U.S. […]
Wilbur Ross: “Investors need to start thinking about inflation again,”. China AAA rated coal company suddenly defaults on debt Vote switching new? No, see attached: https://www.huffpost.com/entry/pennsylvania-voting-machine-switches-vote-obama-romney_n_2083015 https://www.warren.senate.gov/imo/media/doc/H.I.G.%20McCarthy,%20&%20Staple%20Street%20letters.pdf The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Dollar Depreciation Certain… Election? Not So Much November 18, 2020 “But here’s the deal. We go farther […]
[Yahoo/Bloomberg] Global Stocks Fall on Virus Angst; Pound Gains: Markets Wrap [Reuters] S&P, Dow retreat as coronavirus cases spike; Tesla surges [Reuters] Dollar nurses losses amid worries about second coronavirus wave, Biden transition [Reuters] U.S. retail sales miss expectations in October [CNBC] Coronavirus live updates: U.S. cases continue jarring rise as Europe’s second wave shows […]
[Yahoo/Bloomberg] U.S. Stocks Rise on Vaccine News; Bonds Decline: Markets Wrap [Reuters] World stocks head for record high on recovery, vaccine hopes [Reuters] Moderna trial success gives world more hope in race to end pandemic [Yahoo/Bloomberg] Junk Bond ‘Rally’ Tells a Deceptive Story [CNN] Thousands of cars form lines to collect food in Texas [Reuters] […]
[AP] ASEAN, China, other partners sign world’s biggest trade pact [Politico] An Unprecedented Election—and Its Bitter Aftermath—Seen from Across the Country [AP] Violent clashes in DC after Trump backers’ election protest [Yahoo/Bloomberg] Asian Borrowers Close In on Record for Dollar Bond Issuance [Reuters] Germans should brace for 4-5 months of severe COVID-19 measures, minister says […]
[CNBC] U.S. reports record Covid hospitalizations as states roll out restrictions ahead of holidays [Reuters] Wall Street Week Ahead: Stock investors cast wary eye on yield rally [Reuters] Biden aide says no U.S.-wide COVID lockdown planned as West Coast states advise against travel [AP] Biden faces tough choice of whether to back virus lockdowns [Reuters] […]
The “average stock” Value Line Arithmetic Index jumped 6.4% for the week. The NYSE Arca Oil Index surged 19.8%, with the Philadelphia Oil Services Index up 17.4%. The KWB Bank Index rose 11.5%, as the Nasdaq Bank Index advanced 13.6%. The Bloomberg REIT Index jumped 6.8%. The S&P600 Small Cap Index gained 7.5% for the […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Turbulence in the Face of Uncertainty Last week’s volatility spilled into this week as earnings season wound down. While Biden is presumed by many to be the winner of the election, there are many states that are close […]
