Talking Points: November 2, 2020

November 2, 2020

Going back to 1950, the 28th of October is historically the best day of the year for the U.S. stock market. If 2020 has taught us anything, with the DOW falling 934 points this Oct 28th, it is that past patterns are meaningless in a pandemic. Investopedia, October 28, 2020

The two logistics giants have reportedly notified their largest shipping customers that their capacity loads have already reached their limits for the holiday season. ShipMatrix, a parcel shipping software company, expects the shortfall could average out as much as 7 million packages each day, or an additional 86.3 million packages that will be looking for space in the weeks between Thanksgiving and Christmas. CNBC, October 28, 2020

Apple sold up to 2 million iPhone 12 units in the first 24 hours after release, up from 800,000 units of the Apple iPhone 11. CNBC, October 20, 2020

“The most exciting phrase to hear in science, the one that heralds new discoveries, is not ‘Eureka!’ but, ‘That’s funny…’” Isaac Asimov

Since instituting the whistle-blower awards in 2012, the SEC has paid $562 million to 106 people. In the fiscal year 2020, 39 whistle-blowers have been rewarded a total of $175 million. SEC, September 21, 2020

Over the past 15 years, craft brewing’s rising popularity means that 85% of Americans now live within ten miles of a brewery. Although craft brewers only make up 14% of beer, they use 32% of the American hop crop. Outside, October 7, 2020

“Suppose you were an idiot, and suppose you were a member of Congress, but I repeat myself.” Mark Twain

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