A Snapshot of the Week Ended November 27, 2020:
It is pretty certain that Thanksgiving and Christmas pose super-virus spreader event risks which could lead to tighter imposed or self-imposed restrictions, in turn weakening business activity. Yet, the S&P 500 index registered a weekly gain of 2.3%, to close at a new all-time high of 3638 on Black Friday. The passing of the contentious election, the emergence of efficacious vaccines and robust economic data, have taken the edge off the worst fears that the pandemic could bring over the winter months.
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By Hubert Marleau
By Hubert Marleau