8 min

Dock Treece Tuesday December 15, 2020 Dock Treece

    • Business

Tuesday, stocks were up in the morning but sold off in the afternoon. The DOW saw a 400+ intraday swing. The decline was a surprise given the vaccine hit the street yesterday.
The decline may have been driven by NYC Mayor de Blasio warning that he may order a full shutdown in the next few days.
The U.S. Treasury computer system was hacked, in March, and was only recently discovered. But never fear the voting system cannot be hacked.
The following quotes from the WSJ consumer confidence article are very confusing, " In its November Survey of Consumer Expectations, the central bank found households reporting the highest level of expected spending growth since July 2016, at a predicted 3.7% rise for a year down the road,". Followed by, "Despite the expected rise in spending, “respondents were more pessimistic about their households’ financial situations in the year ahead, with more respondents expecting their financial situation to deteriorate,".

Tuesday, stocks were up in the morning but sold off in the afternoon. The DOW saw a 400+ intraday swing. The decline was a surprise given the vaccine hit the street yesterday.
The decline may have been driven by NYC Mayor de Blasio warning that he may order a full shutdown in the next few days.
The U.S. Treasury computer system was hacked, in March, and was only recently discovered. But never fear the voting system cannot be hacked.
The following quotes from the WSJ consumer confidence article are very confusing, " In its November Survey of Consumer Expectations, the central bank found households reporting the highest level of expected spending growth since July 2016, at a predicted 3.7% rise for a year down the road,". Followed by, "Despite the expected rise in spending, “respondents were more pessimistic about their households’ financial situations in the year ahead, with more respondents expecting their financial situation to deteriorate,".

8 min

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