The commodities market experienced a notable upward trend for the third consecutive week, concluding on Friday, November 20. This growth marked the strongest performance among the major asset classes, as indicated by a range of exchange-traded funds.
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The Biden administration is preparing for the possibility of a double-dip recession in the U.S. in 2021: NYT
Oxford-AstraZeneca’s Covid vaccine demonstrates a ‘highly effective’ rate in preventing the virus: CNBC
China has announced its intention to respond to the U.S. admiral’s recent visit to Taiwan: RTRS
Patients hospitalized with Covid-19 are surviving at higher rates: STAT
Could Covid-19 trigger a surge in pent-up demand? WSJ
G20 nations have committed to extending debt relief through 2021: RTRS
The UK’s four-month expansion has ended as the economy reels from a returning recession due to Covid-19: IHSM
The Eurozone has slipped back into recession according to November PMI survey data: IHSM
Joshua Brown and Brian Portnoy
Interview with co-author (Brown) via NPR
Have you ever been curious about how top financial advisors invest their own money?
If so, you’re not alone. Last summer, Josh Brown, CEO of Ritholtz Wealth Management, wrote a viral blog post titled “How I Invest My Own Money” which piqued interest in the finance and investment community.
This blog post was subsequently transformed into a book by Brown and Brian Portnoy, titled “How I Invest My Money: Finance experts reveal how they save, spend, and invest,” where leading investors discuss their personal investment strategies.
Small-cap stocks are on the rise: While the broader U.S. equity market faced challenges during the five-day trading period ending November 20, shares of smaller companies continued to climb for the second consecutive week.
One significant obstacle in managing expectations around tail risk is the restrictive clarity that history provides. For many markets, the post-World War II period serves as the primary, if not exclusive, dataset. However, when we broaden our scope to include additional asset classes, the available track record diminishes further—consider junk bonds and emerging markets, for instance. How can we navigate this challenge? Simulations offer a useful tool in our arsenal.
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The CDC has advised Americans to stay home during Thanksgiving: NYT
Treasury Secretary requests the Federal Reserve to return unused emergency lending funds: PLTC
The recount in Georgia reaffirms Biden’s victory in the state: AP
Afghanistan braces for an accelerated drawdown of U.S. troops: WSJ
Global trade has rebounded but remains vulnerable to a resurgence of the coronavirus: WTO
Recent high-profile bond defaults in China are raising concerns among investors: CNBC
Early Christmas shopping has boosted retail sales in the UK for October: FT
Existing home sales in the U.S. saw a rise in October, hitting levels not seen since 2006: CNBC
U.S. jobless claims surprised analysts, increasing last week: CNBC
Amid the ongoing pandemic, the principles underlying the construction and management of investment portfolios remain steadfast. It’s easy to lose sight of this reality due to an overwhelming influx of new investment products, volatile market movements, and a global health crisis. Although there’s no guaranteed method for success, an evident and effective starting point is embracing the “market” portfolio.
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Covid-19 deaths in the U.S. are continuing to increase at an alarming rate: PLTCO
States with the fewest restrictions are seeing the worst outbreaks: NYT
Oxford’s Covid vaccine trials show promising results for older adults: CNBC
The Georgia recount is expected to reaffirm Biden’s win: RTRS
Asia-Pacific nations are looking to adopt a freer trade policy under the Biden administration: RTRS
Current U.S. jobless claims data is likely to indicate high new applications: WSJ
The ECB president has pledged significant stimulus in December to assist the Eurozone economy: BBG
What’s driving the surge in bitcoin prices? MW
Trump’s last efforts to overturn Biden’s victory involve Electoral College delegates: PLTCO
Single-family home construction in the U.S. experienced a rise beyond forecasts in October: BBG
Following unprecedented fluctuations in gross domestic product during the previous two quarters, recent projections suggest that U.S. economic activity in the fourth quarter is poised for a relatively “normal” increase, according to various GDP forecast models.
The Federal Reserve Chairman warns that the resurgence of the virus poses a significant threat to the economy: WSJ
Trump has mandated a faster withdrawal of U.S. troops from Afghanistan and Iraq: BBG
Trump has dismissed the Department of Homeland Security’s cybersecurity chief: CNBC
New data suggest that Covid-19 immunity may last for years: NYT
Controversial Fed nominee Judy Shelton has faced a setback in Senate approval: CNBC
The FDA has approved the first home-testing kit for Covid-19: RTRS
Industrial output in the U.S. saw a significant rebound in October: MW
Builder sentiment in the U.S. has surged to a new record high for November: RD
U.S. import prices were unexpectedly low in October: CNBC
Retail sales growth in the U.S. slowed in October: RTRS
