The View from 5th Avenue

The View at Two – 1 October 2020

UPDATE: 2pm Strikes… And stocks go lower just before I hit send on the View (procrastination pays off?). Anyway, stocks have dropped fairly sharply over the last few minutes as word broke the House will go forward with a vote on the Democrats' proposed stimulus bill even without gaining Republicans' support (thus it won’t pass the Senate). The S&P is now hovering barely in the red while the Nasdaq has held onto gains relatively well. The sector outperformers/underperformers described below still hold true relatively speaking, just on a lower absolute level (sadly the Green Day pun does not…)

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