After fielding a few curious questions on the market’s reaction to the vaccine news of Monday, we thought we would briefly give you our view of the possibilities.
As we had mentioned a few times here and here Capital Markets were likely a bit over their skis. Smartly and good in our minds after an incredibly positive reaction to the vaccine news Monday market participants realized where they were with relation to earnings and likely cooled their jets.
Said another way … had we been much lower we maybe would have had a much stronger rally but being ahead of ourselves it may have tempered higher market valuations.
One Month SPX R2K
Specific industries such as travel and leisure, left for dead by many, did see significant increases, albeit from extremely low levels.
Masters Weekend
For the first time the Masters a stately golf tournament in Georgia is being played in the fall. Known as one of the most elegant golf courses and well-manicured it will be interesting to watch a Sunday conclusion under much different fall colors
But today is a Friday heading into a mid-November weekend and wonderful day in our neck of the woods getting cooler but nice fall/autumn temperatures!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, please consult your financial advisor prior to investing!
Background
The is the vocal portion of J.K. Financial, Inc. a Dallas Texas Based Fee Only Total Wealth Financial Planning Firm. Founded by John Kvale, a Dallas Texas Fee only Financial Planner and Total Wealth Manager.
Vaccine Announcement and Capital Market Reaction Thoughts … Masters Weekend … Friday
After fielding a few curious questions on the market’s reaction to the vaccine news of Monday, we thought we would briefly give you our view of the possibilities.
As we had mentioned a few times here and here Capital Markets were likely a bit over their skis. Smartly and good in our minds after an incredibly positive reaction to the vaccine news Monday market participants realized where they were with relation to earnings and likely cooled their jets.
Said another way … had we been much lower we maybe would have had a much stronger rally but being ahead of ourselves it may have tempered higher market valuations.
Specific industries such as travel and leisure, left for dead by many, did see significant increases, albeit from extremely low levels.
Masters Weekend
For the first time the Masters a stately golf tournament in Georgia is being played in the fall. Known as one of the most elegant golf courses and well-manicured it will be interesting to watch a Sunday conclusion under much different fall colors
But today is a Friday heading into a mid-November weekend and wonderful day in our neck of the woods getting cooler but nice fall/autumn temperatures!
Enjoy and talk to you next week!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents
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