Cliff Notes - Early Hibernation for the Bears

October 13, 2020

In This Week's Update - 

The 4th quarter has started with a bang, sending the bears running for early hibernation. 

Low interest rates forever, gigantic stimulus now or later, less-worse-than-feared earnings reports – and Apple 5G phones and Amazon Prime Day coming soon had the market up nearly 4% last week, and another 2% today. 

Cyclicals and value stocks faded again, as the FAANG stocks continue their complete global domination- and we comment on the market’s current concentration.

Stimulus and Election risks remain, as we discuss below.

Cliff Notes 10 12 2020 Early Hibernation