Do you foresee more volatility or a down market as the virus continues to spread? – More volatility. Market appears to be looking forward and seeing a vaccine available to a large number of people by mid-2021. That is being offset by what is likely to be a “grim winter” (to quote JP Morgan) as the virus number continues to spike
More than 1 million people flew through US airports on Friday, (Nov. 20) – second-most since the coronavirus hit in the spring. 1.02 million passed through security screening portals on Friday, almost 40% of the nearly 2.6 million who flew on the same day last year. (Source: TSA, Quill Intelligence)
The Greek 10-year government bond, now yields less than the U.S. 10-year Treasury (0.74% and 0.90% respectively). In 2012, the Greek 10-year bond briefly yielded in excess of 33% before austerity measures and a restructuring of the country’s debt were taken. (Source: Benjamin F Edwards)
After touching an all-time high in February (152.5 million), non-farm payrolls fell by 22.2 million the next two months (to 130.3 million people) and at the end of October had recovered to 142.4 million.