Weekly Memorandum 11/16/2020
Stocks are rallying nicely to start off the week, as news of additional covid vaccines come to market. This positive market activity is a stark contrast to additional lockdowns being implemented across different states in the U.S. As market analysts, we tend to side with the market's outlook of the world and the economy instead of politicians and experts that are continuously wrong, yet somehow seem to maintain a semblance of credibility.
Interest rates are slightly higher to start the week. Precious metals and commodities are up too, including Crude Oil and agricultural commodities. Bitcoin is up too. Basically, everything is up aside from the U.S. Dollar, which continues to be punished by capital outflows out from the U.S.