November 18, 2020

To gain an edge, this is what you need to know today.

Tepid Reaction

Please click here for a chart of S&P 500 ETF (SPY) which represents stock market benchmark index (SPX).

Note the following:

• Many investors watch the news that moves the markets.
• Intelligent investors go one step further — they know that often the reaction to the news in the stock market is more important than the news for analyzing their investments.
• There are two pieces of good news.  Pfizer (PFE) and BioNTech (BNTX) have announced that their vaccine is 95% effective.  This is much better than the data previously disclosed and slightly better than the data from Moderna (MRNA).