November 09, 2020

Stocks are soaring today on news that Pfizer’s vaccine showed an efficacy rate of more than 90% in their phase 3 trial.  Gold and silver plunged on the news as it detracted from their recent safe-haven appeal given all the political and economic uncertainty.  The Dow is leading stocks and is currently up 1340 points or 4.7%.  The Nasdaq, which outperformed other indices in previous months due to its tech/work-from-home stocks, is almost flat, up just about 0.1%.  All three indices hit record highs this morning but have since declined, but still on pace for one of their best days in months.