S&P 500 -3%

The stock market is down sharply today. I suspect that Wall Street is unnerved by the latest coronavirus numbers. The S&P 500 is now down over 3%. Some tech names like Google, Facebook and Microsoft are down even more. The big loser today is Energy but that seems to happen every day.

Our Buy List is holding up much better than the market. At least, for now. Fiserv is one of the few names that’s actually up. The company had a good earnings report yesterday. Cerner reports after today’s closing bell.

The S&P 500 is now back below its 50-day moving average. From the market’s high two weeks ago to this morning’s low, the S&P 500 has lost 7%.

Posted by on October 28th, 2020 at 11:29 am


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