Friday, November 13, 2020

The only thing that might send the stock market downward may be good news

The news gets worse here: The country is starting to see a rising death toll, driven in large part by the Midwest and some hot spots such as El Paso, Texas. Without those, the national fatalities trend is barely beginning to steepen, suggesting we haven't yet seen the outcomes of the broader upswing in cases.

Despite all of that, stocks rallied, with the S&P hitting an all-time high.

Bloomberg News

Monty Bannerman
Managing Director
Tel: +1 646-402-5076
Cell: +1 305-984-1177

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