Capital Wealth Planning: Monday Morning Observations – 10.12.2020

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Monday Morning Observations

SOLID WEEK
Stimulus Talks Push Markets Higher

“It ain’t about how hard you can hit. It’s about how hard you can get hit and keep moving forward.”
-Rocky Balboa

Stocks enjoyed their best weekly performance in months on renewed hopes of an additional fiscal stimulus package.

The Dow Jones Industrial Average turned positive on the year with a 3.3% weekly advance. The big board closed at 28,586.90. The S&P 500 finished at 3,477.13, gaining 3.8% on the week. The tech-heavy NASDAQ surged 4.6% on the week to end at 11,579.94. It was the best weekly performance for the S&P and the NASDAQ since July.

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Capital-Wealth-Planning-10-12-2020 MMO

 

 

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