- Initial jobless claims number came in at a less-than-expected 709,000
- Headline, core CPI data show no monthly change in inflation
- VIX, gold move higher; 10-year Treasury yield dips
This week, the stock market has seen a tug of war between growth stocks and value names as investors have been rethinking the balance between companies that would benefit from an economic reopening and those that would be helped if people stay at home longer.
This morning it seems that investors are leaning slightly toward the stay-at-home end of the pendulum swing, perhaps as a result of coronavirus cases that continue to mount ahead of the coldest months of the year and the realization that a vaccine likely will still take some time for approval and wide distribution. That likely means more economic pain for longer, especially for small businesses.
While the stock market this morning