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The Monday Mix: Nov. 16 – 22, 2020

Headlines discussed at LNWM’s Monday morning briefing:

By mid-Dec. 2020, the FDA is likely to approve distribution of the 95%+ effective Covid-19 vaccine developed by Pfizer and Germany’s BioNTech.

Closings on existing U.S. home sales rose nearly 27% in Oct. 2020 vs. a year ago; prices have surged on 20%+ drop in supply and record low mortgage rates.

U.S. retail sales barely increased in Oct. (up 0.3%), after rising 1.6% in Sept.; smallest gain since the recovery started in May.

Brexit trade talks seem to be getting closer to a final deal before the Dec. 31, 2020 deadline, despite Covid disruptions.

U.S. weekly unemployment claims rose to 742,000 in mid-Nov.; about 20 million people are getting jobless benefits from state and federal gov’t.

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