New home sales have ‘exploded’ back up to pre-pandemic levels. Mortgage rates have fallen yet again to record lows. The Fed stimulus is working. But there is only so much…
The rotation into cyclicals last week sent a powerful message: investors are aligned with President Trump, disregarding the rise in Covid-19 infections. The S&P 500 climbed 1.25% last week, but…
Last week, we warned that stock markets were ignoring the second wave of the virus: this week, investors have paused to digest some alarming trends across states in the South…
The second wave of the virus is here, but markets appear not to care. Investors are betting that higher infections do not translate into more fatalities. Perhaps the US is…
