Daily Archives: Sep 23, 2020 at 06:21 pm EDT

The ETF Portfolio Strategist: 23 September 2020

US Stocks Flirting With Fourth Weekly Decline: It’s only Wednesday, Sep. 23, but the downside bias for US equities is building. At today’s close, Vanguard Total US Stock Market (VTI) shed 2.6% for the week so far. Today’s sharp pullback more than reverses two days of moderate gains and so it doesn’t take a raging bear to imagine that VTI is flirting with its first run of four straight weekly declines in more than a year.

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Macro Briefing: 23 September 2020

House passes legislation to avoid government shutdown: CBS
Wisconsin declares state of emergency as Covid-19 cases spread on colleges: ABC
Coronavirus’s rebound is weighing on the global services sector: WSJ
Eurozone growth slows to a crawl in Sep, PMI survey data shows: IHS Markit
UK’s economic recovery hits setback in Sep as output slows: IHS Markit
Japan’s recession continues in September, PMI survey data suggests: IHS Markit
Growth picked up in Richmond Fed Mfg Index for September: RF
US existing home sales rose to 14-year high in August: CNBC