E US Stock Market Weekly Review Aug. 31- Sept. 4, 2020
Sources:
https://www.wsj.com/market-data/stocks/us/indexes
https://www.barchart.com
https://www.fxstreet.com/economic-calendar
Disclosure: I have no position in any stock mentioned
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Interesting, Things are getting better and some folks are getting called back to work. Unfortunately it seems that in addition to some very big winners there are a lot of losers. small enough that even the large quantity does not afflict the bright average.
It is easy to blame it all on the pandemic disrupting things, but it is also rather incorrect. The federal bank has been pushing in the wrong direction for quite a while, as evidenced by the incredibly low interest rates paid on savings. So we can see that the 1% group certainly does have friends in high places.