Value and Growth
February 5, 2021
New highs and a soft month. The last week of January saw the U.S. stocks suffer their worst fall since October. Earlier, 9 of the 10 indices we track daily reached new record highs. January was a schizophrenic month buffeted by the news of the day covering the latest developments with COVID-19 vaccines and strains; the latest news of the world’s economies; the “short squeeze” by speculators and hedge funds; the latest political drama from Washington; and of course, the beginning of corporate earnings reports on the fourth quarter of 2020.
2020 A Year To Remember
January 3, 2021
2020 turned out to be a surprisingly good year for the U.S. stocks, after a screeching halt of the economy last spring. Sectors of the world economy rewired in unexpected ways and unanticipated opportunities arose ala Joseph Schumpeter – the definer of “creative destruction”. For the last year, more stocks gained at least 400% at their yearly peaks than in any year since 2002, led by Teslawith a 743% gain.
THE TRUCKS ARE READY TO ROLL
December 13, 2020
As of Sunday evening, the U.S. reached the sad milestone of 300,000 COVID-19 related deaths. The total case tally rose to 16,388,504 according to Johns Hopkins University. On a global level, the death toll reached 1,618,509 and over 47.4 million have recovered.