Market Report for Nov 13 2020
Nasdaq Composite +30.5% YTD
S&P 500 +9.5% YTD
Russell 2000 +2.4% YTD
Dow Jones Industrial Average +1.9% YTD
NYSE Vol: 1.0 bln (A)
Nasdaq Vol: 3.8 bln (A)
Portfolio % of Return:
FX & Comms: +2.25
The Nasdaq Composite was the relative outperformer while the S&P 500 and Dow Jones Industrial Average both saw more than 1% declines.
While on a webinar with a member from Chicago yesterday, the city announced a 30-day stay at home order that will go into effect from Nov 16. If this continues to other cities then the market may take a dim view of this, temporarily at least.
As mentioned in previous posts in Level 3 and webinar, love them or hate them, EVs are the future. NIO continued it’s journey up and XPEV decided to join the party yesterday.
BABA, PDD, TCEHY will be the stocks most concerned about China’s proposed antitrust rules.
Enjoy the last trading session and I look forward to seeing you all on the weekly webinar on Sunday.
Let’s go trade!