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% – (nice)

U.S. Stock Rally Stalls; Treasury Yields Climb: Markets Wrap –

Other News & Blogs:

Even if We Knew –

How to function in times of uncertainty –

Tesla launches $250 Tequila, runs out in hours –

Weekend Podcast Recommendations:

Infinite Loops – Michael Batnick, The Irrelevant Investor –

Odd Lots – Michael Mauboussin On Valuing Intangible Assets –

The Acquirers Podcast: Chris Bakke – Startup Guru: Multiple Exit Entrepreneur On Raising And Investing Venture And Angel Capital –

Have a great weekend. Stay safe and healthy.

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