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The COVID-19 and Markets site is intended to house a daily missive from David Bahnsen, Chief Investment Officer at The Bahnsen Group. While the weekly Dividend Cafe has served as macro-commentary for many years covering a wide array of topics and principles and best practices for investors, this COVID and Markets site will specifically focus on daily nuggets around the health data, market realities, policy developments, and economic ramifications of this coronavirus era. The intention is for this site and daily endeavor to cease when we are on the other side of all this, and quite frankly, the hope and prayer is that that moment come sooner than later.
So expect a DAILY missive at covidandmarkets.com for the foreseeable future,
And expect a WEEKLY commentary at dividendcafe.com until Kingdom come.
Dear Valued Clients and Friends – I have been happy to report for a couple of weeks now that cases and hospitalizations were clearly declining, …
Weekly initial jobless claims came in lower than expected, and the market closed up 185 points. New cases were down 25% week over week, testing down 20%.
The market rallied 375 points today, again closing at its high. There is more positive news related to vaccines and plasma antibody transfusion.
The market was up 164 points today. NYC has less than a 1% positivity rate right now and a positivity rate of less than 2% for almost two months.
The market was up nearly 250 points today, with the two major tech companies driving the Dow higher. I also unpack some of the recent reduction in testing.
We closed out July with a totally flat week in the market. Some joy and relief in updated (and collapsed) percentage of mortalities from hospitalizations.
The market was down 225 points today (well off its lows of down 550 points early on). On health, tests reached a new high, & we have new vaccine news.
The market rallied 160 points today (the S&P & Nasdaq rallied double that level). It was the third day in a row of week-to-week decline in new cases.
David is a frequent guest on CNBC, Bloomberg, and Fox Business and is a regular contributor to National Review and Forbes. David serves on the Board of Directors for the National Review Institute and is a founding Trustee for Pacifica Christian High School of Orange County.
He is the author of the books, Crisis of Responsibility: Our Cultural Addiction to Blame and How You Can Cure It (Post Hill Press), The Case for Dividend Growth: Investing in a Post-Crisis World (Post Hill Press) and his latest, Elizabeth Warren: How Her Presidency Would Destroy the Middle Class and the American Dream (2020).
and receive periodic updates from COVID and Markets
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