Daily Archives: Oct 29, 2020 at 07:27 am EDT

The S&P 500’s Latest Slide Vs. Rolling 1-Year Returns

Whenever breathless headlines shout danger and destruction for the stock market, my first reaction is to fire up R to update the perspective on the performance trend. After yesterday’s sharp correction in the S&P 500, which extends the recent downturn and leaves the index at a one-month low, it’s time again for a reality check if only to keep behavioral risk from running amuck.

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Macro Briefing: 29 Oct 2020

Supreme Court OKs ballot extensions In Pennsylvania and North Carolina: NPR
Three dead in terrorism attack in France: CNBC
Europe issues warnings for health care system as coronavirus surges: AP
Big-Tech CEOs debate with Senators in hearing over free-speech issues: WSJ
US states face biggest cash crunch since Great Depression: WSJ
Record gain expected in today’s US GDP report for Q3: Reuters
The ‘nightmare scenario’–a long, contested US election outcome–is a risk: PS
US trade gap in goods narrowed slightly in Sep after record deficit: MW
US equities suffer biggest drop in four months: NYT
As US stocks tumble, VIX volatility index soars to four-month high: BBG