Market Update

On this day in history, November 06, 1860 – Abraham Lincoln is elected the 16th president of the United States over a deeply divided Democratic Party, becoming the first Republican to win the presidency. Lincoln received only 40 percent of the popular vote but handily defeated the three other candidates: Southern Democrat John C. Breckinridge, Constitutional Union candidate John Bell, and Northern Democrat Stephen Douglas, a U.S. senator for Illinois.

Today in history, Biden overtakes Trump in Pennsylvania and nears election victory. As of 8am MST today, European sportsbook, Betfair, has the odds of a Biden presidency at 95%.

Economic Data Today:

News of the Day:  

U.S. Labor Market Extends Gains, Jobless Rate Declines to 6.9% – https://www.bloomberg.com/news/articles/2020-11-06/u-s-labor-market-extends-gains-as-jobless-rate-falls-to-6-9?srnd=premium (nice)

U.S. Stock Rally Stalls; Treasury Yields Climb: Markets Wrap – https://www.bloomberg.com/news/articles/2020-11-05/stock-rally-set-to-extend-in-asia-dollar-slumps-markets-wrap

Other News & Blogs:

Even if We Knew – https://theirrelevantinvestor.com/2020/11/04/even-if-we-knew/

How to function in times of uncertainty – https://www.bbc.com/worklife/article/20201104-how-to-function-in-times-of-uncertainty

Tesla launches $250 Tequila, runs out in hours – https://www.reuters.com/article/us-tesla-beverages/tesla-launches-250-tequila-runs-out-in-hours-idUSKBN27M10L

Weekend Podcast Recommendations:

Infinite Loops – Michael Batnick, The Irrelevant Investor – https://open.spotify.com/episode/1AqwhQjlTYTkqXSB05THL9?si=0RBD39AZTAKVgrxEFBuKQg

Odd Lots – Michael Mauboussin On Valuing Intangible Assets – https://open.spotify.com/episode/4abZl88xtDLsCSSN0VPDNY?si=-17DqW0mSASoDH6zXSFP7A

The Acquirers Podcast: Chris Bakke – Startup Guru: Multiple Exit Entrepreneur On Raising And Investing Venture And Angel Capital – https://open.spotify.com/episode/6y1r1ORHmdtJ358QKaR4dR?si=v4GSN7KTQ7Cn0IFayvjUsg

Have a great weekend. Stay safe and healthy.

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