Daily Archives: Oct 9, 2020 at 06:48 pm EDT

The ETF Portfolio Strategist: 9 Oct 2020

Keep (Stimulus) Hope Alive: The US stock market continued to rebound from September’s correction. Vanguard Total US Stock Market (VTI) posted its second straight weekly gain with a 4.1% surge at the close of this week’s trading (Oct. 9). The fund, at 177.32, is now within shouting distance of its record close (180.50) on Sep. 2. Once again, the lesson seems to be: ignore the downside because it never lasts.

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Macro Briefing: 9 October 2020

Stimulus talks in Washington stumble on: BBG
WHO reports record one-day rise in global coronavirus cases: Reuters
Louisiana coast braces for Hurricane Delta: AP
Economists expect slow recovery in US jobs, according to survey: WSJ
US budget deficit expands to record $3.1 trillion in FY 2020: AP
Wall St banks see record revenue for govt-backed mortgage debt trades: Reuters
UK economy grew 2.1% in August, less than expected: CNBC
China’s services economy grows at faster pace in September: Reuters
Are the jobless claims numbers accurate? FW
US jobless claims remain high, posing threat to economy: CNBC