By Randall W. ForsythNov. 27, 2020 11:10 am ET Order Reprints
Good things come in threes, it’s often said, and so it seems appropriate that a triple play of positive developments lifted the Dow Jones Industrial Averageover 30,000 this week.Barclays equity derivatives strategists point to a “perfect trifecta of outcomes” for the rally: a “decisive victory” scenario in the U.S. elections; news of effective Covid-19 vaccines; and positive surprises on third-quarter earnings—an average gain of 18% for S&P 500 companies, with more than 80% beating expectations.
Leslie P. NortonNov. 27, 2020 4:53 pm ET
Azek’s composite decking is a work-from-home winner. Here, its TimberTech decking in English Walnut.Courtesy of Azek
Turning a home into a castle takes work, but a big deck certainly helps, particularly if you’re trying to socially distance. For many people, decking has made the pandemic bearable, which has been a boon for Chicago-based decking supplier Azek.
One fan is Will Danoff, manager of the Fidelity Contrafund. “It’s well positioned for the whole cocooning/nesting theme,” Danoff told Barron’s recently.
By
Nicholas JasinskiNov. 26, 2020 7:00 am ET
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Despite a raging pandemic and a global recession, the S&P 500 index is up more than 12% since the start of 2020.
That’s one big thing that most investors can be thankful for this Thanksgiving. The S&P 500 is the most tracked index in the world by exchange-traded funds. The SPDR S&P 500 (ticker: SPY), iShares Core S&P 500 (IVV), and Vanguard S&P 500...
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