The Biggest Macro Event Since March

According to the bright minds of FinTwit, the biggest event isn’t the U.S. presidential election but today’s Pfizer vaccine update.

AccessTimeIconNov 9, 2020 at 8:00 p.m. UTC
Updated Sep 14, 2021 at 10:28 a.m. UTC
AccessTimeIconNov 9, 2020 at 8:00 p.m. UTCUpdated Sep 14, 2021 at 10:28 a.m. UTC
AccessTimeIconNov 9, 2020 at 8:00 p.m. UTCUpdated Sep 14, 2021 at 10:28 a.m. UTC

According to the bright minds of FinTwit, the biggest event isn’t the U.S. presidential election but today’s Pfizer vaccine update.

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This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief: 

  • GRIN gets 51% attacked
  • Crypto trading volume down 25.8% in October 
  • How the market is receiving Joe Biden

Our main discussion: The stock market soars on promising Pfizer COVID-19 vaccine trials. 

The S&P 500 and DJIA hit new all-time highs after Pfizer announced its experimental vaccine had prevented COVID-19 in 90% of patients. Travel stocks soared, work from home stocks suffered and safe havens fell. In this episode, NLW explores the shifting market sentiment, as well as what it means for bitcoin.

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