For most of this year the “known unknowns” in the markets were quite obvious. Now, suddenly, they aren’t.
Since March, when the investing world abruptly woke up to the severity of the implications of the pandemic, the two big influences on the markets, and the key US markets in particular, were the pandemic and the US election.
The degree to which the pandemic damaged real economies, the severity of the impacts on sectors within them, the relative success of countries’ containment of the virus and the prospect of a vaccine that would eventually end it were the key influences on the markets. Read more…..
Chart of the Day
There’s too much money to be made by recognizing all the cross-currents here as these different groups ebb and flow with the news cycle, the “Mad Money” host said.