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.