Stocks Down 0.5% on Week; Stimulus Should be “when not if”
Oct 23, 2020
Author
One of the top market rules for me, maybe even “rule #1,” is never to try to impose my views on the markets. And perhaps, it is more useful to try to decipher the message from market behavior. If I had to describe equities over the past week, they seemed to have been treating fiscal stimulus as a binary event. Regardless of the fact that this seems more of a “when not if” question to me. More on this below.
On the COVID-19 front, the trend in daily cases continued rising this week. This has been the case for the past few weeks and I see two major takeaways: (i) US cases...