October 2020 - Runnymede Capital Management

Is the stock market predicting a Biden victory?

Earlier this week, we said that the market may be predicting another Trump upset, but another indicator is predicting our incumbent president's loss. The “Presidential Predictor,” popularized by Sam Stovall, CFRA's chief investment strategist, tracks the S&P 500 performance from July 31 to October 31. Going back to 1944, it has found that a positive move over that period usually translates to an incumbent victory, while a negative move translates to a loss.

Is the stock market predicting another Trump victory?

Most polls have Biden well ahead of President Trump and betting markets have Trump as an underdog with just a week to go before Election Day. However, we know that in 2016, Trump was in a similar position so it wouldn't be that shocking to see another upset win for Trump. The battleground states are very tight races so anything is possible. What is the stock market telling us about who will win the White House?

Andrew and Chris Wang Named Most Influential U.S. Financial Advisors of 2020

Andrew Wang and Chris Wang were named on the Investopedia 100 list of Most Influential Financial Advisors for making significant contributions to critical conversations about financial literacy, investing strategies, life-stage planning, and wealth management. With more than 100,000 independent financial advisors in the U.S., the Investopedia 100 spotlights the country's most engaged, influential, and educational advisors. Andrew and Chris were two of only three advisors recognized from New Jersey.

Important Things You Need to Know About Medicare

Medicare expert, Danielle Roberts explains how Medicare works, mistakes to avoid, and how to plan for healthcare costs in retirement.

Capital One CEO comments on the biggest disconnect between credit and economy ever

Last night on Capital One's 3Q earnings call, their founder and CEO Richard Fairbank made some interesting comments about what the credit card company is seeing in the COVID affected economy. Fairbank has over 30 years experience and has seen many economic downturns so his perspective is invaluable. He said, “This is the biggest disconnect that I certainly have experienced in my three decades of building Capital One between what we see in the economy itself and the actual performance of the consumer, especially from a credit point of view.”

How to Think at a Higher Level for Better Business Success

Mindset performance coach Jarrod Haning says we can think at a higher level to achieve more and work less.

Month: October 2020