Nov 24 (Tuesday)
YRI Study. We have reprinted our study titled S&P 500, Earnings, Valuation, and the Pandemic as a paperback and eBook. Both are available at Amazon here. This study focuses on the S&P 500 stock price index, examining how it is determined by the earnings of the 500 companies that are included in the index and the valuation of those earnings by the stock market. You can find the other books in our “Predicting the Markets series” on my Amazon author’s page here.
YRI
Morning Briefing PDF
Daily Markets
Markets
Markets cheer Yellen pick for Treasury, seeing her focus on fixing the economy and not politics | C
Dow futures rise 200 points as Trump administration begins transition process | C
Dow Rises on Covid-19 Vaccine Results | W
Bitcoin Trades Again Near Record, Driven by New Group of Buyers | W
Central banks
Fed’s Evans sees no rate hikes until late 2023, maybe 2024 | R
US politics
Trump administration officially begins transition to Biden after weeks of delay | C
Biden to choose ex-Fed chair Yellen as first woman Treasury secretary, allies say | R
‘She can start repairing the damage in economic diplomacy’ — analysts react to Yellen as Biden’s Treasury secretary | MW
Biden Picks John Kerry to Help Regain Global Leadership on Climate Change | W
Michigan certifies Biden win, rejecting Trump fraud claims | C
Trump campaign urges appeals court to block Biden from winning Pennsylvania | R
The case against indicting Trump | WP
China
China Says It Has Met Its Deadline of Eliminating Poverty | W
Geopolitics & trade
Befriended by Trump, Populists in Europe’s East Brace for Change | W
Industries & companies
Communications services: Google Plans Fiber-Optic Network to Connect Via Saudi Arabia and Israel for First Time | W
Energy: These solar panels don’t need the sun to produce energy | Fast Company
Retail: Holiday 2020: So long, doorbusters! Retailers roll out weeks of deals | C
Retail: Amid Coronavirus Surge, Holiday Shoppers Flock to Malls | W
Virus I
AstraZeneca-Oxford Covid-19 Vaccine Up to 90% Effective in Late-Stage Trials | W
Oxford-AstraZeneca Covid vaccine has some advantages over its peers | C
Covid vaccine: CDC should warn people the side effects from shots won’t be ‘walk in the park’ | C
Virus II
European Authorities Prepare to Ease Covid-19 Lockdowns for Christmas | W
More States Offer Covid-19 Contact-Tracing Apps, but Adoption Is Uneven | W
Damaged Sense of Smell in Covid Patients Holds Clues to How Recovery Might Work | W
Corporate finance
BlackRock to Buy Equity-Index Provider Aperio for $1 Billion | W
Merck to Buy OncoImmune Amid Race for Covid-19 Treatments | W
