Unexpectedly Intriguing!
October 5, 2020

By far and away, the biggest story of the tumultuous trading week ending on Friday, 2 October 2020 was the news that President Trump had tested positive for a coronavirus infection. The news sent U.S. stock prices down on Friday by as much as 2% during the course of the day, but the market recovered somewhat to only close down by about 1%.

That rare occurrence of a non-major tax change-related political event moving stock prices however did little to change stock prices for the week. The S&P 500 (Index: SPX) ended the week about 3 points lower than the level at which it closed the previous trading week.

That change puts the level of the S&P 500 well within the redzone forecast range on our alternative futures charts, which assumes that investors are focusing on 2020-Q4 in setting current day stock prices.

Alternative Futures - S&P 500 - 2020Q3 - Standard Model (m=+1.5 from 22 September 2020) - Snapshot on 2 Oct 2020

We'll present an alternative futures chart projecting the dividend futures-based model;s potential trajectories of the S&P 500 for the fourth quarter of 2020 in our next edition. Meanwhile, here are the past week's market-moving headlines, where we find the Fed's minions making multiple appearances to very little apparent effect....

Monday, 28 September 2020
Tuesday, 29 September 2020
Wednesday, 30 September 2020
Thursday, 1 October 2020
Friday, 2 October 2020

Barry Ritholtz presents both a broader and more succinct summary of the week's headlines with his weekly presentation of the positives and negatives he found in the past week's economics and markets news.

Labels: ,

About Political Calculations

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Stock Charts and News

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button


The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links

Useful Election Data
Charities We Support
Shopping Guides
Recommended Reading
Recently Shopped

Seeking Alpha Certified

Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.