Unexpectedly Intriguing!
January 27, 2020

The S&P 500 (Index: SPX) completed the Lévy flight event it began last week, with investors fully shifting their forward-looking focus to 2020-Q4 in setting current day stock prices, as expected.

Alternative Futures - S&P 500 - 2020Q1 - Standard Model - Snapshot on 25 Jan 2020

As of the close of trading on Friday, 24 January 2020, the level of the S&P 500 was 3,295.47.

The shift in focus was completed as the outbreak of a new SARS coronavirus in China came to dominate headlines during the week. Here are the market-moving headlines we noted during the holiday-shortened trading week of January 2020:

Tuesday, 21 January 2020
Wednesday, 22 January 2020
Thursday, 23 January 2020
Friday, 24 January 2020

Elsewhere, Barry Ritholtz lays out a short list of the positives and negatives he found in the past week's economics and market-related news. Between us and him, did we catch them all during the MLK holiday-shortened trading week?

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