Elon Polls Twitter

The S&P 500 was up again today. The index has had a nearly unstoppable run over the past three weeks. As I write this, the S&P 500 is about flat for the day.

Randal Quarles, one of the Fed governors, said he’s going to resign at the end of this year. That will give President Biden an opportunity to shape the makeup of the Fed. It’s not unusual for Fed governors to resign after a few years. It’s not like a Supreme Court nomination that could last several decades.

There are no important economic reports today, but the CPI report is due out on Wednesday. Trex is due to report earnings after the close.

Tesla was down over 7% today after Elon Musk polled Twitter asking if he should sell 10% of his holdings. The crowd voted that he should. The stock has rallied off its low.

Posted by on November 8th, 2021 at 1:37 pm


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