Weekly Market Commentary November 30, 2020 The Markets Last week, vaccine optimism immunized investors against signs of economic weakness. In previous commentaries we’ve written about narrative economics, which holds that popular stories may affect individual and collective…
Weekly Market Commentary November 23, 2020 The Markets The U.S. economy is like a semi-trailer truck. No one likes being stuck behind a semi at a stoplight because big trucks don’t go from zero to 60 in 2.5…
What an amazing cover we saw on The Economist this past week. Indeed, the vaccine news out of both Pfizer / BioNTech & Moderna blew the doors off the expectations. Many were hoping for a 60-70% efficacy rating on these first…
Weekly Market Commentary November 16, 2020 The Markets Vaccine can be a powerful word. It’s worth 14 points in Scrabble (42 on a triple word square) and, last week, it was worth a whole lot more than that…
Weekly Market Commentary November 9, 2020 The Markets It’s said markets hate uncertainty, but that wasn’t the case last week. Despite tremendous uncertainty about the outcome of the United States election, major domestic and international stock indices…
Weekly Market Commentary November 2, 2020 The Markets Last week, financial markets and economic data told very different stories. Reviewing economic data is a bit like looking in a rearview mirror. Typically, it offers information about what…
It is not an overstatement to suggest that the events of the next few weeks are a global inflection point of tremendous magnitude. Have we seen the worst of this pandemic, or will a resurgence of hospitalizations, lockdowns, and deaths…
Weekly Market Commentary October 26, 2020 The Markets Stimulus talks led investors in a merry dance last week. So far in 2020, stock markets have been sensitive to fiscal stimulus. Last week, there was optimism a new stimulus…
