It was quite a week, but I don’t have to tell you that. The markets reacted negatively to the record number of reported coronavirus cases coupled with the breakdown of stimulus negotiations.

I wasn’t sure how this week would end given a host of news, that on its surface, was not very uplifting.

In case we needed a reminder of just how unpredictable the markets can be, this week the Dow Jones Industrial Average finished almost 1,000 points higher.

With the close of the third quarter, we are that much closer to being done with 2020. Where has this year gone?

The market continued to drift lower this week amid a general anxiety that seems to be building.

The markets look to finish the week roughly where they started, as headline news continues to drive investor behavior.

This week saw a little profit taking as valuations, in some sectors, had climbed quite high in recent weeks.

The stock market recovery, since the beginning of April, has been nothing short of miraculous.

The market held steady this week with much of the focus falling on the Democratic National Convention. To a large extent, the economic data continues to improve with sales data indicating a very strong housing market.

You might be surprised to learn that the S&P 500 is within a hair of its pre-pandemic level and the Dow Jones Industrial Average is only 1,500 points away from its prior high.