"As Sweet as Pumpkin Pie, Markets Push Forward"

  • By: Joseph R. Tranchini, CFA
  • November 2020









[See Below for Disclosures & Annotations]


Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

The companies presented here are for illustrative purposes only and are not to be viewed as an investment recommendation.



  1. Federal Reserve. “Recent Economic Developments and the Challenges Ahead”. October 6, 2020
  2. Supply Chain Dive. “Home Depot, Tesla, thousands more file suits seeking China tariff refunds”. October 1, 2020
  3. Reuters. “EU planning tougher regulation for ‘hit list’ of big tech firms – FT”. October 11, 2020
  4. Johnson & Johnson. “Johnson & Johnson Temporarily Pauses All Dosing in Our Janssen COVID-19 Vaccine Candidate Clinical Trials”. October 12, 2020
  5. The Wall Street Journal. “Boeing Subsidies Merit EU Tariffs on $4 Billion in U.S. Goods, WTO Rules”. October 13, 2020
  6. Pfizer. “An Open Letter From Pfizer Chairman And CEO Albert Bourla”. October 16, 2020
  7. The Wall Street Journal. “Moderna CEO Expects Covid-19 Vaccine Interim Results in November”. October 19, 2020
  8. FDA. “FDA Approves First Treatment for COVID-19”. October 22, 2020
  9. AstraZeneca. “DA authorises restart of the COVID-19 AZD1222 vaccine US Phase III trial”. October 23, 2020
  10. Johnson & Johnson. “Johnson & Johnson Prepares to Resume Phase 3 ENSEMBLE Trial of its Janssen COVID-19 Vaccine Candidate in the U.S.”. October 23, 2020
  11. The Wall Street Journal. “Pivotal Studies of Covid-19 Vaccines From AstraZeneca, J&J Resuming”. October 23, 2020
  12. Federal Reserve. “The Beige Book: Summary of Commentary on Current Economic Conditions”. October 21, 2020
  13. The Washington Post. “Pelosi and Mnuchin, once Washington’s Odd Couple, publicly disavow economic relief talks – and each other”. October 29, 2020
  14. The Wall Street Journal. “Bets on Biden-Led Stimulus Fuel Outperformance by Small Stocks”. October 29, 2020