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It’s said markets hate uncertainty, but that wasn’t the case last week.
Despite tremendous uncertainty about the outcome of the United States election, major domestic and international stock indices moved higher and the CBOE Volatility Index, better known as Wall Street’s fear gauge, moved 35 percent lower.1 Ben Levisohn of Barron’s reported:2
The Social Security Administration has announced a cost of living adjustment (COLA) to recipients’ monthly Social Security and Supplemental Security Income (SSI) benefits. More than 69 million Americans will see the 1.3% increase in their payments beginning in January 2021.
The equity market hit a year-to-date high in June but was tempered by emerging coronavirus cases as states slackened their isolation orders, ending with a near flat month after three months of sustained rebound from the March 23 low.