Chart of the Day - Thursday, October 29th, 2020
October 29, 2020
Today’s Chart of the Day was shared on Twitter by Chris Verrone of Strategas Research Partners (@verrone_chris). We all know there's plenty of fear and uncertainty in the air right now. Take your to pick - The Election, virus-related lockdowns, stimulus, etc. Despite all these concerns and recent weakness in the broader market, Chris points out that several economic barometers are telling a more optimistic story. He explains, "Discretionary vs. Staples not confirming the 'recovery is faltering' headlines just yet...even this week, has held up remarkably well (along with rates, curve, copper/gold, etc.)."