United States: Uncertainty around growth in the second half of the year remains elevated. Without more stimulus, personal incomes will crater, and consumer spending will follow, according to Alpine Macro.
And there is work to be done to get to an agreement on the stimulus package.
Commodities: Assets under management at the largest gold ETF (GLD) hit a record high.
Equities: The market was impressed with what it heard from the tech mega-cap firms after the close, pushing shares sharply higher. Here is the Nasdaq 100 ETF (QQQ).
Except for tech, buybacks have become a thing of the past in the age of COVID.
Rates: The Fed has put Treasury purchases on autopilot.
Global Developments: It’s been a rough month for the US dollar.
Food For Thought: Worker density by sector:
Edited by Daniel Moskovits
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