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"[A] topping process is underway," says Bank of America strategist Michael Hartnett. His bank's most recent fund manager survey shows soaring investor sentiment following the election and announcement of two

S&P 500 experienced a new Lévy flight event on 28 October 2020, sending the index down 3.5% for the day.Investors suddenly shifted their forward looking focus from 2020-Q4 toward the more distant future quarter of 2021-Q1.Overall, the index ended the final trading week of October 2020 some 5.6% lower than the previous week.

The S&P 500 has found minor weakness into October 2020 month-end, as the November 3 presidential election draws nearer.However, it is natural for the equity market to occasionally self-generate spots of higher volatility. These rarely lead to sustained risk-off moves.After the election result, we will probably begin to see (over the short- to medium-term) stronger equity prices on the back of reduced event risk.Near-term macroeconomic challenges remain, but as U.S. equities remain appealing, offering a far greater yield than even longer-term treasuries.

China’s fast-growing $157 billion market for exchange-traded funds will be directly accessible to overseas investors from Friday, at least four years since the plan was first hatched.

An AI fund which has almost doubled the performance of the S&P 500 Index this year isn’t buying into bets on a rebound in cyclical stocks.

"Our decision to close is in response to market forces," writes AJO founder and managing principle Ted Aronson."Our relative performance has suffered because our investment edge, our 'secret sauce,' is