3 Events Markets Will Be Watching As 2020 Comes To A Close

CME Group2020-11-24

Summary The COVID-19 pandemic is the obvious main concern that is on everyone's mind both on a personal and economic basis. Everything hinges on the trajectory of potential vaccines and the measures ...

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Comments

AndhyLee
2020-11-25
AndhyLee
wow
AndhyLee
2020-11-25
AndhyLee
omg...
suny0037
2020-11-25
suny0037
good！

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Everything hinges on the trajectory of potential vaccines and the measures ...</p>\n\n<a href=\"https://www.cmegroup.com/openmarkets/finance/2020/three-events-markets-will-be-watching-as-2020-comes-to-close.html?source=rss\">Source Link</a>\n\n</div>\n","source":"lsy1606216183286","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Events Markets Will Be Watching As 2020 Comes To A Close</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Events Markets Will Be Watching As 2020 Comes To A Close\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-11-24 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cmegroup.com/openmarkets/finance/2020/three-events-markets-will-be-watching-as-2020-comes-to-close.html?source=rss><strong>CME Group</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\nThe COVID-19 pandemic is the obvious main concern that is on everyone's mind both on a personal and economic basis. Everything hinges on the trajectory of potential vaccines and the measures ...</p>\n\n<a href=\"https://www.cmegroup.com/openmarkets/finance/2020/three-events-markets-will-be-watching-as-2020-comes-to-close.html?source=rss\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.cmegroup.com/openmarkets/finance/2020/three-events-markets-will-be-watching-as-2020-comes-to-close.html?source=rss","article_id":"1197465337","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197465337","pubTimestamp":1606216208,"sourceInfo":{"source_id":"lsy1606216183286","name":"CME Group"},"weMediaInfo":null,"summary":"Summary\nThe COVID-19 pandemic is the obvious main concern that is on everyone's mind both on a perso","collect":0,"end_time":0,"defaultTopTitle":"cmegroup.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"translate_title":"2020年即将结束时市场将关注的三件事","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/968cbfaedd658c9a8ead48d8a67fed5d","symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Summary\nThe COVID-19 pandemic is the obvious main concern that is on everyone's mind both on a personal and economic basis. Everything hinges on the trajectory of potential vaccines and the measures that have to be taken until the vaccine becomes a reality both in development and distribution.\nIf the path of the pandemic continues, by the end of the year there will still be 10 million fewer jobs than there would have been without the pandemic. But growth will accelerate as doses of the vaccine are administered and people will feel more and more comfortable leaving their house as time goes on.\nA particularly important number to watch will be December's University of Michigan Consumer Confidence Index, which will be released in the second week of December. This will indicate to us what the initial economic path in early 2021 may look like.\nAt a Glance\n\nTraders will be watching whether new COVID-19 vaccines stay on their stated schedules, and whether they see any hiccups in distribution.\nThe job market and consumer confidence levels will also largely depend on the rollout of COVID vaccines.\n\nPre-Thanksgiving is typically the time of year when many traders consider paring down positions for the holidays, but 2020 will be markedly different. There is simply too much going on and too much potential opportunity in the market through the end of the year.\nI will focus on three inputs that may determine the course of the market until the end of 2020: the COVID-19 pandemic, jobs and consumer confidence. You can argue that these are all related, but at this point, almost everything is.\nThe Vaccine Trajectory\nThe COVID-19 pandemic is the obvious main concern that is on everyone's mind both on a personal and economic basis. Everything hinges on the trajectory of potential vaccines and the measures that have to be taken until the vaccine becomes a reality both in development and distribution.\nThere now exists a light at the end of the tunnel that did not exist before November 9. Both Pfizer (PFE) and Moderna (MRNA) have announced vaccines with 95% efficacy. Pfizer expects to produce 50 million doses by the end of 2020 and another 1.3 billion doses in 2021. The Dow Jones, S&P 500 and Nasdaq indexes all closed at record highs on the Pfizer news, while the Dow and S&P again hit new highs after Moderna announced its vaccine effectiveness days later.\nThe vaccine itself comes with logistical hurdles that make this project much more daunting than just producing a vaccine. The Pfizer version, for example, must be transported and stored at exceptionally low temperatures. However, the Moderna vaccine can last for up to six months when stored at standard freezer temperatures.\nMuch attention in the market will be given to whether these vaccines stay on their stated schedules, and whether they see any hiccups in distribution.\nEmployment Challenges Ahead\nHow do we make sure that we don't drive ourselves into financial ruin while waiting for the vaccine? Jobs.\nPrior to the vaccine news, America's economic recovery was exceeding forecasts and surpassing others in the industrialized world. In April, the IMF reported that GDP would shrink by 6% in 2020. It now projects a decline of 4%. The unemployment rate had reached a high point of 14.7% in April. In June, the Federal Reserve had expected it to still be around 9% by the end of the year, yet it went below that threshold only two months later. In October, it stood at 6.9%.\nIf the path of the pandemic continues, by the end of the year there will still be 10 million fewer jobs than there would have been without the pandemic. Output will be some $700 billion, or 4%, lower than otherwise, and we cannot expect personal income to reach pre-COVID-19 levels until early 2022.\nBut growth will accelerate as doses of the vaccine are administered and people will feel more and more comfortable leaving their house as time goes on. Everything from theaters to public transportation will feel safer, which will further revive the job market. It is estimated that before the pandemic, over a fifth of workers were in jobs involving proximity to others. Those fears should abate as well.\nGaining Confidence\nLastly, let us look at Consumer Confidence. This metric will be the output of all our efforts to get beyond this pandemic. The University of Michigan'sconsumer sentimentdecreased to 77 in November from 81.8 in October and against market expectations of 82, a preliminary estimate showed. It is the lowest reading since August, as consumers judged future economic prospects less favorably (71.3 vs 79.2 in October), while their assessments of current economic conditions remained largely unchanged (85.8 vs. 85.9).\nMeanwhile, inflation expectations for the upcoming year increased to 2.8% from 2.6% and the 5-year outlook to 2.6% from 2.4%. The outcome of the presidential election as well as the resurgence in COVID-19 infections and deaths were responsible for the early November decline. Interviews conducted following the election recorded a substantial negative shift in Republicans' expectations and no gain among Democrats.\nA particularly important number to watch will be December's UofM Consumer Confidence Index, which will be released in the second week of December. This will indicate to us what the initial economic path in early 2021 may look like. Whatever direction it goes, market participants will be taking notice.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":393150227,"gmtCreate":1606264633869,"gmtModify":1704964713555,"author":{"id":"3555116382988085","authorId":"3555116382988085","name":"AndhyLee","avatar":"https://static.tigerbbs.com/3f5bfe1c76c413adcdb9c5b7375b4b16","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3555116382988085","authorIdStr":"3555116382988085"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/393150227","repostId":1197465337,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":393150137,"gmtCreate":1606264601429,"gmtModify":1704964712910,"author":{"id":"3555116382988085","authorId":"3555116382988085","name":"AndhyLee","avatar":"https://static.tigerbbs.com/3f5bfe1c76c413adcdb9c5b7375b4b16","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3555116382988085","authorIdStr":"3555116382988085"},"htmlText":"omg...","listText":"omg...","text":"omg...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/393150137","repostId":1197465337,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":393128684,"gmtCreate":1606263618748,"gmtModify":1704964705585,"author":{"id":"3569355951428539","authorId":"3569355951428539","name":"suny0037","avatar":"https://static.tigerbbs.com/92598d40a5d949488d733bbb0bf8a529","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3569355951428539","authorIdStr":"3569355951428539"},"htmlText":"good！","listText":"good！","text":"good！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/393128684","repostId":1197465337,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197465337"}