US equity indexes were up for this holiday-shortened week: DJIA +2.2%. The Dow broke above 30,000 for the first time. S&P 500 +2.3 %, NASDAQ +3.0%. On Monday, AstraZeneca and University of Oxford released the results of their vaccine trial reporting, “One dosing regimen (n=2,741) showed vaccine efficacy of…
This week brought more positive news on the vaccine front. On Monday, Moderna announced that its Phase 3 study of mRNA-1273, its vaccine candidate against COVID-19, “has met the statistical criteria pre-specified in the study protocol for efficacy, with a vaccine efficacy of 94.5%.” On Friday, Pfizer and BioNTech applied…
On Monday, Pfizer and BioNtech announced that their “vaccine candidate was found to be more than 90% effective in preventing COVID-19 in participants without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis.” In this interview, Axios speaks with Pfizer CEO Albert Bourla about vaccine data, distribution, politics, and how he…
Senior Advisor Brad Setser has joined a Biden-Harris agency review team. Setser is a member of the Office of the United States Trade Representative team. This team will also review the US International Trade Commission and the US Trade and Development Agency. As such, Brad will be on leave from…
US equity indexes rose strongly this week: DJIA +6.9%, S&P 500 +7.3%, and NASDAQ +9.0%. At the time of writing on Saturday, major news networks are calling the US Presidential Election for VP Biden. However, during the past week post- US Election Day and while markets were open, the US Presidential…
US equity indexes were down on the week: DJIA -6.5%, S&P 500 -5.6% and NASDAQ -5.5%. The losses were driven by US election uncertainty, rising COVID-19 cases in the US and Europe and the new lockdown measures being taken there to try to control the virus’s spread. The US has…
US equity indexes were lower on the week: DJIA -0.95%, S&P 500 -0.5% and NASDAQ -1.1%. US equity indexes struggled to find direction and seemed to be in a holding pattern with US fiscal stimulus negotiations still ongoing and coronavirus cases rising both in Europe and the US. Unfortunately, today the…
US equity indexes gained slightly on the week: DJIA +0.1%, S&P 500 +0.2% and NASDAQ rose +0.8%. It seemed a bit like groundhog day for market headlines this week. Investors continued to watch for signs of the possibility of new fiscal stimulus ahead of the election. Brexit negotiations dragged on.…
US equity indexes gained on the week: DJIA +3.3%, S&P 500 +3.8% and NASDAQ rose +4.6%. This was another headline driven week. US President Trump was released from the hospital on Monday. The VP debate took place on Wednesday between Senator Kamala Harris and VP Mike Pence at which a…
US equity indexes posted modest gains for the week: DJIA +1.9%, S&P 500 and NASDAQ rose +1.5%. This was a news and headline heavy week. It started with a contentious first US presidential debate and ended with US President Trump unfortunately announcing via Twitter that he tested positive for Covid-19…
US equity indexes were mixed with selloffs stabilizing a bit in the latter part of the week. DJIA -1.8%, S&P 500 -0.6%, and NASDAQ rose 1.1%. New coronavirus restrictions in the UK, rising case counts in parts of Europe, and lack of a new US fiscal package weighed on market…