Daily Archives: Oct 13, 2020 at 07:07 am EDT

Consumer Discretionary, Tech Lead Rebound In US Equity Sectors

All the US equity sectors have bounced off the Mar. 23 broad-market low, with consumer discretionary shares leading the way, based on a set of exchange traded funds through yesterday’s close (Oct. 12). Technology is a close second. On both fronts, the rallies have carried prices well above the broad market’s recovery since the depth of the coronavirus crash in late-March.

Continue reading

Macro Briefing: 13 October 2020

J&J halts Covid-19 vaccine trial due to unexplained illness in participant: SN
Democrats and GOP clash in start of Senate hearing on Barrett: FTE
Contracting Covid-19 a second time is a risk, new study finds: BBG
Drug makers eye the potential for big profits with Covid-19 vaccines: NYT
White House moves forward with arms sales to Taiwan: Reuters
Central banks have moved aggressively this year to finance fiscal spending: BBG
Wall St is looking for the upside in a ‘Blue Wave’: II
UK job cuts rose the most on record for three months through Aug: BBG
German investor sentiment falls more than expected in October: Reuters
Most big economies will struggle to regain this year’s losses in 2021: BBG