Epicenter Stocks Rise During Choppy Week for the Market
Sep 18, 2020
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It has been a choppy week for markets, and stocks still remain ~7% off their recent highs. And we soon enter the seasonal trade “sell Rosh Hashanah, buy Yom Kippur” (9/19-9/28) so this bumpy ride might continue. Stocks have risen relentlessly since March, so any pullback is not entirely surprising to us. And for the past few days, we have highlighted why stocks still have positive risk/reward into YE.
On the COVID-19 case data front, I can’t help thinking that there is some distortion in trends due to last week’s Labor Day holiday. That is, the long weekend and closures means we ar...