Welcome back, everyone. 

In case you missed it, the Nasdaq had its worst week since March. The Dow was the best performing index. Will this action continue? Time will tell.

It should be a light earnings week, we’ll see numbers from FedEx and Adobe on Tuesday.

The Federal Reserve will meet for the last time before the US presidential election.

Nomura economist Lewis Alexander wrote: 

We do not expect major policy innovations at the September FOMC meeting

Here’s the S&P 500 weekly chart and last week’s changes:

S&P 500	3,340	-2.51%
Nasdaq	10,853	-4.06%
Russell 2000	1,497	-2.48%
Dow Jones	27,665	-1.66%

What Everyone Should Know About the Stock Market

Last Thursday, Nasdaq Chief Economist, Phil Mackintosh shared the following piece, What Everyone Should Know About the Stock Market. 

Phil provides knowledge on diversification, the importance of earnings, and how the economy affects companies.

Here’s a snippet from the post:

The importance of earnings to company valuation is one of the reasons that financial statements showing company profitability and historic growth are so important. It’s also why a lot of investors look at the Price-to-Earnings (PE) ratio and might say that stocks with a high PE ratio are “rich.” But sometimes those high PE ratios will be justified by a company’s strong future earnings. Investors need to determine if growth forecasts are accurate.

…

Trading may be easy, but successful investing is hard

Read the full post here.

NFL Sunday 🙏

It’s Week 1 of the NFL season and we welcome the sense of normalcy. 

Although stadiums are empty, it’s assuring that Chris Collinsworth will close out the weekend.

Here’s ESPN with Week 1 coverage.

🤣 Need Memes?

Be sure to follow Bill Moore @nonequitypartnr

Sunday Links:

📽‘Mulan’ brings in $23.2 million during lackluster opening weekend in China 

🏫 Stop ‘demonizing’ college students for coronavirus spread, mental health experts urge 

🚒 Inside California’s race to contain its devastating wildfires 

🏌 U.S. Open 2020: An Interactive Look At New York’s Depth Of Great Golf Courses

🎵 Live music and audiences return to Barbican Centre in recast autumn season 

🏈 NFL Week 1 – Game highlights, news, coronavirus protocols, social justice protests, more 

🐋 Killer whales attack sailing boats near Spain and Portugal 

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, September 14th, 2020:

Economic Calendar:

• 9/16  August Retail Sales (8:30 AM ET)
• 9/16 September FOMC Rate Decision (2:00 PM ET)
• 9/17 August Housing Starts (8:30 AM ET)
• 9/17 Initial Claims (8:30 AM ET)

Here’s the full Economic Calendar provided by Briefing. 

Be sure to know when your stocks are reporting. Here’s the earnings calendar.