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On today’s show we discuss:
- We’ve got a vaccine
- Pfizer soars
- Gamblers went all in on Trump
- Corporate profits are rebounding
- Wine and beer sales
- A simple way to create a will
- Renting versus buying (video)
Since 1982, the largest positive opening gap the S&P 500 contract has enjoyed on a day it hit a 52-week high was 1.6%.
So yeah, this time is different. By a factor of 3.
— SentimenTrader (@sentimentrader) November 9, 2020
Dow Jones market neutral momentum index down 10%, worst since at least the early 2000s pic.twitter.com/77OdSQ59qa
— Sarah Ponczek (@SarahPonczek) November 9, 2020
The stock market is a derivative of the options market
The market action the last two days has little to do with who won the Presidency, Senate, or expected policy or stimulus actions
It has everything to do with dealer hedging of short-dated options flows (gamma, vanna, charm)
— Christopher Cole (@vol_christopher) November 5, 2020
Todays 9% outperformance of IWN (Small Value) over QQQ is the largest since inception! pic.twitter.com/bRj3aLqU5G
— Rafael Velasquez (@Value_Quant) November 9, 2020
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