Good evening, everyone. We made it to the final quarter of 2020. 🙏
Earnings and economic data will be light this week. See the calendar below.
President Trump is still at Walter Reed Medical Center. We expect to hear plenty about this in the coming days.
Last week the S&P 500 caught a bid and bounced after 4 negative weeks. Can we go green two weeks in a row? Place your bets…
The S&P 500 is up 3% YTD. Here’s the weekly chart:
What a year 2020 has been.
Here’s the YTD heatmap for the S&P 500:
Financials and energy have notoriously underperformed. Will this trend continue? Time will tell.
Here’s the weekly chart of the financial ETF, $XLF:
And the energy ETF, $XLE:
🔥 IPO Fever
IPOs are on fire.
$100 billion+ could be raised by new issues with more than 200 companies going public before the end of 2020. Incredible.
💍 How to Prepare your Finances for the Floodgate of 2021 Weddings
🕴Facebook, Google and Twitter CEOs to Testify Before Congress Oct. 28
✨ This Stargazing Road Trip Offers World-Class Night Sky Views
🎧 Dr. Mark Plotkin on Ethnobotany, Real vs. Fake Shamans, Hallucinogens, and the Dalai Lamas of South America
🔫 No Time To Die: The Official James Bond Podcast
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, October 5th, 2020:
- 10/5 September ISM Non-Manufacturing Index (10 AM ET)
- 10/8 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.