This week has been long. No other way to say it. It’s been the busiest week for earnings season, with 39% of the S&P 500 earnings reporting this week. Big tech reported to both investors and to Congress, as three large tech CEOs were grilled on how they moderate speech on their respective platforms. The much anticipated third quarter report for U.S. GDP was finally reported, coming in at +33.1%, the largest single quarter of..
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Ten-plus months into the year and I think it is fair to say that 2020 has been the most extraordinary year of our generation, and the events that unfolded around the world have certainly made their mark on the U.S. financial markets. As you likely recall, the U.S. stock market plummeted in the first quarter, but what you might not so vividly remember is that the market fell into a 20% bear market in the shortest time ever..
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Yesterday, domestic equity markets saw one of their most volatile sessions in months as an early morning value rotation trade (investors taking profits in tech stocks and reinvesting in value sectors such as financials and energy) turned into a full-blown broad market selloff, with all S&P 500 sectors selling off. The S&P 500 ended the day down 3.51%, the first time in two months where it traded above or below 2%. Investors have been piling into..
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