Top 5 Charts of the Day – November 8th 2020
2. One thing in favor of a move towards the upside: seasonality.
h/t @RyanDetrick $SPX $SPY pic.twitter.com/QfkuSrZzIF
— Callum Thomas (@Callum_Thomas) November 7, 2020
7. The number of firms in the S&P500 with Negative Equity is near an all time high…
h/t @RadicalAdem pic.twitter.com/wfqKLa0XAa
— Callum Thomas (@Callum_Thomas) November 7, 2020
#FANGMAN has gained $700bn in mkt cap since US election as Big Tech got a boost from simple math, Goldman says: Lower rates (due to a divided govt) mean higher valuations for stocks, especially stocks like those in Tech that have a longer tail of cash flows in their DCFs. pic.twitter.com/FxMyHvlPyz
— Holger Zschaepitz (@Schuldensuehner) November 8, 2020
The focus now turns back to the #Fed. Given #stocks are near all-time highs and #earning #estimates continue to fall, #valuation expansion is the only driver of stocks currently. https://t.co/ZFvShRvvTh pic.twitter.com/iyTAqxqZF4
— Lance Roberts (@LanceRoberts) November 7, 2020
Countries affected by the SARS-1 pandemic in 2002-03 appear to have responded to COVID-19 more quickly and effectively with tests and mobility restrictions. https://t.co/aylyx3Clmz pic.twitter.com/yaa2b2sy3D
— St. Louis Fed (@stlouisfed) November 8, 2020