November 16, 2020

Equities rose sharply today in response to more promising vaccine data, this time regarding Moderna’s latest round of trials, which showed an efficacy of 94.5% in preventing COVID transmission.  The Dow is up 330 points heading into the last hour of trading and the S&P 500 and Nasdaq are up 0.75% and 0.50% respectively.  Gold and silver rallied overnight, but have since retreated to the levels they closed at last week, trading at $1,885 and $24.75.