Covid-19 Concern Over Shadow Good Big Tech Earnings 大科技公司靓丽的财报难敌对Covid-19的担忧

Big tech companies Apple, Amazon, Twitter, Facebook and Alphabet all reported better than expected earnings and revenues, but all are trading down in after hour trading except Alphabet. The main problem is worsening Covid-19 pandemic makes future unpredictable. This concern is expressed by Apple and Facebook.  Tech valuations have ran ahead of fundamental is also the reason for sell on news. Stock index futures are down across the board by 1% on average. It looks like a tough beginning for tomorrow's trading. 

Apple (AAPL) is down 5.39% in after hour trading

AAPL Plunges After iPhone Sales Miss, China Revenues Plummet, Lack Of Forecast. ---ZeroHedge

Q4 GAAP EPS of $0.73 beats by $0.03. Revenue of $64.69B (+1.0% Y/Y) beats by $1.36B.---Seeking Alpha

Amazon (AMZN) is down 1.77% in after hour trading.

AMZN Slides Despite Crushing Expectations, Guiding Sharply Higher On AWS Growth, Margin Concerns. ---ZeroHedge

Q3 GAAP EPS of $12.37 beats by $4.98. Revenue of $96.1B (+37.3% Y/Y) beats by $3.54B. ---Seeking Alpha

Twitter (TWTR) is down 17.06%   in after hour trading.

TWTR Tumbles After Massive User-Growth Miss---ZeroHedge

Q3 Non-GAAP EPS of $0.19 beats by $0.14; GAAP EPS of $0.04 beats by $0.13. Revenue of $936M (+13.6% Y/Y) beats by $159.96M. Monetizable daily active users ((mDAU )) of 187M (+29% Y/Y) vs. consensus of 195.1M. ---Seeking Alpha

Facebook (FB) is down 0.79% in after hour trading

FB Pump'n'Dump Despite Crushing Earnings, Warns Of "Significant Uncertainty". ---ZeroHedge

Facebook (NASDAQ:FB): Q3 GAAP EPS of $2.71 beats by $0.80. Revenue of $21.47B (+21.6% Y/Y) beats by $1.67B. DAU of 1.82B vs. consensus of 1.79B; MAU ​​of 2.74B vs. consensus of 2.70B. ---Seeking Alpha

Alphabet(GOOG) is up 6.97% in after hour trading.

Q3 GAAP EPS of $16.40 beats by $5.19. Revenue of $46.17B (+14.0% Y/Y) beats by $3.33B. TAC of $8.16B vs. $7.66B consensus, operating margin of 24.0% vs. 19.8% consensus and Capex of $5.40 B vs. $5.49B consensus. ---Seeking Alpha

大型科技公司苹果，亚马逊，Twitter，Facebook和Alphabet均报出报比预期更好的收益和营业额，但除Alphabet外，它们都在盘后交易中下跌。 主要问题是Covid-19大流行病恶化使未来无法预测。 苹果和Facebook对此表示了担忧。 科技股的估值超出了基本面，这也是新闻出来后被抛售的原因。后市 股指期货平均下跌1％。 对于明天的市场来说将是不利的开始。

苹果（AAPL）在盘后交易中下跌5.39%。

iPhone销售小于预期，中国收入暴跌，缺乏前景预测，AAPL急跌。 ---ZeroHedge

第四季度GAAP每股收益为0.73美元，比预期高0.03美元。收入$ 64.69B（同比增长1.0％）好于预期$ 1.36B .--- Seeking Alpha 

盘后交易中，亚马逊（AMZN）下跌1.77%。

尽管财报大幅好于预期，AWS增长前景指引也大幅提高，但对和利润率的关注导致亚马逊下滑。 ---ZeroHedge

第三季度GAAP每股收益为12.37美元，高于4.98美元。 $ 96.1B（同比增长37.3％）的收入超过$ 3.54B。 ---Seeking Alpha

Twitter（TWTR）在盘后交易中下跌17.06%。

用户增长大幅低于预期，Twitter大跌--- ZeroHedge

第三季度非GAAP每股收益为0.19美元，比上一季度增长0.14美元； GAAP每股收益为0.04美元，比每股0.13美元高。收入为9.36亿美元（同比增长13.6％），较上年同期增长了1.596亿美元。可获利的每日活跃用户（（mDAU））为1.87亿（同比增长29％），而市场共识为1.951亿。 ---Seeking Alpha

Facebook（FB）盘后交易下跌 0.79%。

尽管收益大幅高出预期，但警告前景“重大不确定性” ，Facebook先升后跌。 ---ZeroHedge

第三季度GAAP每股收益为2.71美元，比去年同期的0.80美元有所增长。 $ 21.47B（+ 21.6％Y / Y）的收入超过$ 1.67B。 DAU为1.82B，而共识为1.79B； MAU为2.74B，而共识值为2.70B。 ---Seeking Alpha

 Alphabet（GOOG）盘后交易上涨6.97%。

第三季度GAAP每股收益为16.40美元，比预期高5.19美元。 收入$ 46.17B（同比增长14.0％）高出预期$ 3.33B。 TAC为$ 8.16B对$ 7.66B共识，营业利润率为24.0％对19.8％共识，资本支出为$ 5.40B对$ 5.49B共识。---ZeroHedge

MRNA Is The Bright Spot On Down Market MRNA是下跌市场上的亮点

Moderna, Inc.,(MRNA 72.50) a clinical stage biotechnology company, develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, and cardiovascular diseases.

As the market is tanking because of worsening global Covid-19 infections, MRNA may the hope to solve the problem. Its stock may be the bright spot on a downtrending market.I am adding MRNA to my diversified portfolio now consists of MRNA,PAA, MRO, CNR, AGQ, FCX, SQ, PINS, SRNE, TGT and NKLA. You may search these symbol in this blog for more details. The following are near term catalysts for MRNA stock price.

。Moderna is prepping for the global launch of its potential coronavirus vaccine, already taking in $1.1 billion in deposits from governments, the company said Thursday. 

。MRNA reported a wider-than-expected loss of 59 cents a share for Q3. But revenue surged 826% to $157.91 million, nearly double analyst forecasts.

。Moderna's mRNA-1273 together with Pfizer and German biotech partner BioNTech's BNT162b2 are the only two coronavirus vaccine candidates that have a reasonable chance of winning Food and Drug Administration (FDA) Emergency Use Authorization (EUA) by the end of this year. Moderna expects to have enough data to submit for EUA by Nov. 25, 2020.

。Pfizer CEO Albert Bourla said in the company's third-quarter conference call on Tuesday that an interim efficacy analysis for a late-stage study of BNT162b2 still hasn't been performed by the study's independent data monitoring committee.  Bad news for PFE is good news for MRNA. This may push MRNA up as the first to announce vaccine approval.

Pipelines：

In addition to developing vaccines for influenza and COVID-19, Moderna has a broad pipeline of candidates. With a platform that essentially rewrites genetic instructions, the applications are almost limitless. The pipeline contains treatments for ailments as varied as heart failure, autoimmune disorders, tumors associated with multiple cancers, and hepatitis. Moderna's vaccine pipeline for treatment of varies ailment are : 1 in phase III, 3 in phase II and 5 in phase 1.

Analysts opinions:

Analysts consensus rating is 2.1 out of 5. Consensus price target is 92.54 while low and high price targets are 42 and 136 respectively.

Technicals: Bullish Cup and Handle bottom in the making. Next two resistances are 81.37 and 92.51. Support is 65.

临床阶段生物技术公司Moderna，Inc.（MRNA 72.50）开发基于信使RNA的疗法和疫苗，用于治疗传染病，免疫肿瘤学，罕见病和心血管疾病。

由于全球Covid-19感染情况恶化导致股市不景气，而MRNA有望解决这个问题。它的股票可能是下降趋势市场上的亮点。我将MRNA添加到我的多元化投资组合中，现在包括MRNA，PAA，MRO，CNR，AGQ，FCX，SQ，PINS，SRNE，TGT和NKLA。 您可以在此博客中搜索这些符号以获取更多详细信息。以下是MRNA股票价格的近期催化剂。

。该公司周四表示，Moderna正准备在全球范围内推出其潜在的冠状病毒疫苗，该疫苗已从各国政府手中吸收了11亿美元的订金。

。MRNA报告第三季度每股亏损59美分，超出了亏损预期。但营收增长了826％，至1.5991亿美元，几乎是分析师预期的两倍。

。Moderna的mRNA-1273与辉瑞公司以及德国生物技术合作伙伴BioNTech的BNT162b2一起，是仅有的两种冠状病毒疫苗候选药物有望在今年年底前获得食品药品管理局（FDA）的紧急使用授权（EUA）。 Moderna预计到2020年11月25日将有足够的数据提交EUA。

。辉瑞公司首席执行官阿尔伯特·布尔拉（Albert Bourla）在周二的公司第三季度电话会议上表示，该研究的独立数据监控委员会尚未对BNT162b2的后期研究进行中期疗效分析。PFE的坏消息对MRNA来说是个好消息。这可能会推动MRNA成为第一个宣布疫苗被通过的公司。

。在研发中的药物产品线：

除了开发用于流感和COVID-19的疫苗外，Moderna还拥有大量候选药物。利用实质上重写遗传指令的平台，应用程序几乎是无限的。该管道包含各种疾病的治疗方法，例如心力衰竭，自身免疫性疾病，与多种癌症相关的肿瘤和肝炎。用于治疗各种疾病的Moderna疫苗产品线的研发阶段有：第三阶段有1种，第二阶段有3种，第一阶段有5种。

。分析师意见：

分析师的共识评级为5分中的2.1为买入评级。共识目标价为92.54，最低和最高目标价分别为42和136。

。技术因素：看涨的杯状底部图形正在造成中。接下来的两个阻力是81.37和92.51。支撑是65.

This Line Is Crucial For The Market 此线对市场至关重要

After dropping about 10% from the recent top at 28957, the Dow Jones Industrial Average found support at the 200 day moving average level 26214 and is bouncing. This is only a oversold bounce and likely be temporary. Negatives for the stock market is still overwhelming: Covid-19 Pandemic worsening, no stimulus plan in sight, election uncertainty, Companies refrain from projecting the future, crude oil collapsed down to near $35 per barrel....This afternoon AAPL, AMZN, FB and  GOOG will report earning. They are expected to beat but sell on news may happen just like after MSFT's report. They may bounce briefly if they beat on earnings but will likely turn back down. So this is a sell on rally kind of market. The 200 DMA is crucial. Dow may slide to 25000 support quickly if the 200 DMA is broken. The 26537 level is also important because if broken the Double Top pattern will be confirmed.

Today's market news from ZeroHedge:

Covid-19 Pandemic summary:

France to re-close Disneyland Paris

Global cases near 45 million

New records in Romania, Poland

Greece announces 1-month lockdown

Belgium hospitalizations hit record as nonessential medical patients delayed

Italy will decide on new measures after another week

UK rate of spread surges as BoJo faces pressure for national lockdown

India tops 8 million cases

Singapore lifts travel restrictions with China

Moderna gets billion-dollar deposit

。Germany and France unveiled their plans to return to the most restrictive'partial lockdown' conditions since the springtime quarantine period ended yesterday, a group of smaller European nations are following suit with Greece introducing a one-month lockdown after two days of record new cases.

。US GDP collapsed by a record 31.4% annualized, moments ago the BEA reported that in Q3 the US economy rebounded by a similarly record high 33.1%, the biggest annualized increase in history. The GDP number beat estimates for a 32% increase. 

。ECB president Christine Lagarde warned that there’s a clear deterioration in the outlook and the recovery in the euro area is “losing momentum more rapidly than expected.” 

。Stocks, bonds and gold down on the same day-only happened three times in market history – on March 11, March 18th and October 28 2020-during the liquidity crisis where nearly all assets where liquidated as risk-parity funds were hammered. This brings us to the risk-parity "matrix of doom", which shows at what drops in both bonds and stocks risk parity portfolios are forced to de-lever aggressively.

道琼斯工业平均指数从近期高点28957元下跌约10％之后，在200日移动平均线水平26214处获得支撑，并且正在反弹。这只是超卖反弹，很可能是暂时的。股市的负面因素仍然不胜枚举：Covid-19大流行病毒恶化，没有经济刺激计划，选举的不确定性，企业不敢预测未来，原油价格暴跌至每桶35美元左右等等。今天下午，AAPL，AMZN， FB和GOOG将发报财报。预计它们将会好于预期，但可能会像MSFT的报告之后那样被抛售。如果他们的收益超过预期，他们可能会有短暂上升，但很可能会再回落。因此，这是逢高卖出的市场。 200 DMA非常关键。如果200 DMA被击穿，道琼斯指数可能会迅速下滑至25000支撑。 26537水平也很重要，因为如果跌穿，将确认双顶形态。

源自ZeroHedge的今日市场新闻：

。Covid-19大流行摘要：

法国重新关闭巴黎迪士尼乐园

全球案件近4500万

罗马尼亚，波兰创新纪录

希腊宣布为期1个月的锁定

比利时住院治疗创纪录非重要患者住院被推迟

意大利将在一周后决定采取新措施

英国首相面临国家封锁的压力，英国感染率激增

印度案件突破800万

新加坡取消对中国的旅行限制

Moderna获得十亿美元的订金

。德国和法国公布了他们的计划，恢复自春季检疫期结束以来最严格的“部分封锁”条件，一些较小的欧洲国家也效仿希腊，在两天的新案件破纪录之后，实行了为期一个月的封锁。

。BEA报告称，美国经济在第三季度反弹了创纪录的33.1％，是历史上最大的年度增长。 GDP增长超过预期的32％。

。欧洲央行行长克里斯蒂娜·拉加德（Christine Lagarde）警告说，前景明显恶化，欧元区的复苏“失去动力的速度超过了预期。”

。股票，债券和黄金在同一天下跌，在市场历史上仅发生的三次是在2020年3月11日，3月18日和10月28日-流动性危机期间，几乎所有被风险平价基金卖出的资产都受到了冲击。这将我们带到了风险平价的“厄运矩阵”，它显示了债券和股票下跌时，风险平价投资组合被迫积极地去杠杆化。

Lessons From Previous Elections以前选举的教训

Worsening Covid-19 pandemic with France and Germany both mulling nationwide lockdowns, very weak European stock markets, big companies refrain from projecting future outlooks after earning reports,  U.S. lawmakers failing to strike a deal on fresh fiscal stimulus and election anxiety all contribute to sharp drop in US stock market today. There seems to be a lot more to worry this time then the 2016 and 2000 elections and more market drop looks likely.  Here is today's damages so far 3 1/2 hours into the session (source finviz.com):

Here is a look at what happen to the Nasdaq Composite before and after the elections of 2016 and 2000.

The Nasdaq Composite dropped 9 days in a row going into the 2016 election. That's over 5% drop. It then rallied sharply after the election.

The Nasdaq Composite  dropped 34% in a bit over a month after the 2000 election due to contention on who won the presidency. The market then proceed to rally strongly.

Based on 2016's 9 days in a row before election drop and after election drop of 34% on year 2000 election, we need to be very careful before and after this election. For this year's election we have the same pre-election anxiety and the potential contention on who win the presidency, not to mention that we have a worsening Covid-19 pandemic. The Nasdaq will likely continue to fall, the first support level is 10519.

Covid-19疫情的恶化，法国和德国都在考虑在全国范围内实行封锁，欧洲股市非常疲软，大公司在财报告不再预测未来的前景，美国国会未能就新的财政刺激措施达成协议，而选举忧虑都助长了今天的美国股市急剧下跌 。 今年似乎比2016年和2000年的选举还要担心得多，市场继续下跌的可能性大。这是今天到目前为止(开市3 1/2小时之后）的损失（来源finviz.com）：

下面是纳斯达克综合指数在2016年和2000年大选前后的涨跌情况。

纳斯达克综合指数在进入2016年大选前连续9天下跌, 跌幅超过5％。 选举后，它则急剧反弹。

2000年大选后，由于对谁赢得总统宝座的争执，纳斯达克综合指数在一个多月内下降了34％。在决定谁赢后市场才开始强劲反弹。

基于2016年大选前连续9天下降以及2000年大选后大跌34％的情况，我们在这次大选前后都必须非常小心。 对于今年的大选，普遍对大选前的忧虑和潜在的可能选后争执都和2016及2000相同，更不用说Covid-19大流行病毒正在恶化中。纳指继续下跌的机会大，第一个支撑水平是10519

An ETF Portfolio For Biden Win拜登获胜的ETF投资组合

BBC latest poll of polls:

CNBC latest poll: 

"Biden leads President Donald Trump 51% to 40%, a two-point increase from the June poll and six points better than April. The poll of 800 registered voters nationwide found the President's overall approval rating remains negative by 11 points at 42-53% , around the average of his presidency.  A ranking of the issues by voters shows the President's task is difficult. Voters chose health care and handling the pandemic as the top two election issues, two issues where voters break for Biden. The economy and law and order were next, issues that break for President Trump. Voters also ranked the candidates' “personal character and integrity” as a top issue. Those responding that it was their most important issue favored Biden by 66% to 29%. Three of the least important issues — taxes, immigration and relations with china — are most critical to Trump voters. Climate change, a top issue for Biden, also ranks low on the list."

The latest poll points to Biden likely winning the election. Biden has vowed to expand the Affordable Care Act, the health care overhaul that former President Barack Obama signed into law in 2010. This would be bullish for health care stocks such as pharmaceuticals and biotechnology firms. One of the centerpieces of Biden's platform is a focus on infrastructure spending and investing in sustainability and clean energy. So infrastructure ,clean energy and electric vehicle companies would do well.  In the case of corporate tax hike if Biden win, big cap tech stocks such as Facebook (FB), Amazon (AMZN), Apple(AAPL), Netflix(NFLX) and Alphabet (GOOG) could dip. Democratic Vice-presidential candidate Sen. Kamala Harris said during the vice presidential debate :“We will decriminalize marijuana, and we will expunge the records of those how have been convicted of marijuana.” This should benefit cannabis stocks. Also the anxiety over a delay result of the election  should raise stock market volatility. The volatility index will likely stay high and may surge. Considering all of the above, I am selecting the following ETFs to get ready for Biden winning the presidency:

Health Care Sector ETF: XLV (106.33)

Global Infrastructure ETF: IGF (39.79)

Clean Energy Sector ETF: ICLN (19.60)

Autonomous & Electric Vehicles ETF: DRIV (17.84)

Cannabis Sector ETF: MJ (11.06)

FANG+ index -3X inverse ETN: FNGD (7.51)

VIX Short-Term Futures ETF: UVXY(18.83)

英国广播公司（BBC）最新的综合民调查：

CNBC最新民意调查：

"CNBC最新民意调查显示拜登（Biden）领先唐纳德·特朗普（Donald Trump）总统51％对40％，比6月的民意调查高出两点，比四月高出六点。在全国范围内对800名注册选民进行的民意调查显示，总统的总体支持率仍为-11点，为42-53％，约为总统任期的平均值。选民对问题的排名显示，特朗普的连任会很困难。选民们选择卫生保健和应对大流行作为选举的头两个议题，这是选民支持拜登的两个议题。接下来是经济和法律与秩序，这对于特朗普总统来说是有利的。选民还把候选人的“人格和正直”列为头号议题。那些回答说这是他们最重要议题的人对拜登的支持率是66％对29％。最不重要的三个议题为-税收，移民和与中国的关系-但对于特朗普选民来说至为关键。气候变化是拜登的头号议题，但它的关键性却排在很后。"

最新民调指向拜登很可能在选举中获胜。拜登曾发誓要扩大《平价医疗法案》（Affordable Care Act），这是前总统巴拉克·奥巴马（Barack Obama）在2010年签署成为法律的医疗改革方案。拜登平台的核心内容之一是专注于基础设施支出以及对可持续性和清洁能源的投资。因此，基础设施，清洁能源和电动汽车公司将会得益。在拜登获胜而提高公司税的情况下，Facebook（FB），Amazon（AMZN），Apple（AAPL），Netflix（NFLX）和Alphabet（GOOG）等大型科技股可能会下跌。民主党副总统候选人参议员卡玛拉·哈里斯（Kamala Harris）在副总统辩论中曾说：“我们将使大麻合法化，并删除那些被判犯有大麻罪的记录。”这将使大麻股票受益。另外对选举可能不能立刻有结果的担忧将会加剧股市波动。波动率指数可能会保持高位并可能会激涨。考虑到以上所有因素，我选择以下的ETF投资组合为拜登赢得总统做好准备：

医疗保健行业ETF：XLV (106.33)

全球基础设施ETF：IGF (39.79)

清洁能源行业ETF：ICLN (19.60)

自主和电动汽车ETF：DRIV (17.84)

大麻行业ETF：MJ (11.06)

FANG +指数-3X 看跌ETN：FNGD (7.51)

VIX短期期货ETF：UVXY (18.83)

US Stocks Dropped Sharply Today, What Next 今天美股大幅下跌，下一步走势如何

US stock market dropped sharply today with the Dow, S&P 500 and Nasdaq Composite closed down 650, 189 and 64 points respectively. Here are today's market carnages sourced from Finviz.com:

With no congress economic stimulus passing in sight, worsening Covid-19 here in United States and abroad, tech stocks valuation are over-extended, Germany software giant SAP lowers guidance and all 3 major stock market indexes formed bearish Double Top pattern, further weakness in the US stock market is likely near term.  Followings are some details.

Covid-19 becomes focus again

More than half of the states across the United States have reported their highest single-day of new Covid-19 cases during the month of October, according to data from Johns Hopkins University. So far this month, 27 states reported at least one record high day of new cases over the last few weeks. 11 states reported their highest single-day of new deaths during the month of October. ---CNN

Today's Cover-19 summary by ZeroHedge:

Newark independently returns to partial lockdown

Surgeon General issues Thanksgiving warning

Netherlands tops 300k new cases

Czech Republic, Belgium and Denmark weigh new measures

Dr. Fauci says US still in first wave of virus

US sees 7-day average for cases hit new record

Hospitals across US near capacity

Utah hospitals ask Gov to approve new triage plan

French official warns France seeing 100k new cases per day

Malaysia extends lockdown

Hong Kong focuses COVID efforts on public transit

UK approves new rapid test

AstraZeneca trial data shows vaccine effective on elderly

No 2nd Covid-19 economic stimulus plan passing in sight

It looks all but impossible that Congress could send new aid to Americans before Election Day, Nov. 3. In a letter to the Democratic Caucus, Speaker of the House Nancy Pelosi cited the White House's resistance to meeting her demands on Covid-19 testing and tracing as a key reason why a stimulus deal has not been reached. 

Election Uncertainty

Election is only days away, Joe Biden is leading ​Donald Trump in the national polls for the presidential election. But that doesn't guarantee ​the Democratic candidate victory. Hillary Clinton also had a clear lead over Trump in the polls for almost the entire 2016 campaign. She ended up losing in the electoral college. The general concern is if election votes are close, who will become the next president may not be decided for weeks. During the 2000 Gore/Bush presidential election, the votes are so close that Bush win was not certain until a month later and the S&P 500 dropped 7.5% during that time before rebounding.

SAP cuts full-year guidance, stock down big

Germany software giant SAP (SAP) cut its full-year guidance due to the spiking coronavirus cases around the world, sending its shares down as much as 23.16% today. US software software companies are also down big with Workday (WDAY) down 6.16%, Oracle (ORCL) down 4.02%, Salesforce (CRM) down 3.4% and Microsoft (MSFT) down 2.91%. Software ETF IGV is down 2.47% while the cloud computing ETF WCLD is down 2.07%. This is also negatively impacting tech stocks overall with tech heavy ETF QQQ down 1.50%. 

Major US stock market indexes are trending down

Both the Dow and S&P 500 indexes are below their 50 day moving average key supports while the Nasdaq Composite index is only 47 points away from breaking its 50 day moving average.  All 3 indexes have formed bearish Double Top pattern. It is also evident that buy on dip forces are weakening during the last 3 weeks and the volatility index has been rising.  The surge in VIX today is indicative of investors fear of the market is increasing . The market's technicals indicate more down side to come. Another 5% downside for the market is likely.

Crucial earnings this week

There have been about 30% of S&P 500 companies reported earnings already and 80% of them reported better earnings and yet the market is weak. So earnings may come in good but what about stock prices ?This brings to mind a wall street saying "buy on rumor sell on news", meaning good earnings have been expected and sell off may ensue after earning regardless of good or bad earnings. Performance in Q3 is history and the market looks forward to the future and future is not that promising on worsening Covid-19 outlook. This week's influential earnings are as follows:

Tuesday: MSFT, AMD, CAT, MMM, RTX, PFE, MRK

Wednesday: BA,UPS,MA,GE

Thursday: AAPL, AMZN, FB, GOOG, MRNA, TWTR

Friday: XOM, ABBV, CVX

今日美国股市大幅下跌，道指，标普500和纳斯达克综合指数分别下跌650,189和64点。以下是源自Finviz.com的今日股市场的屠杀情况：

由于没有国会经济刺激措施的到来，美国和国外的Covid-19疫情恶化，科技股估值被过度扩张，德国软件巨头SAP降低了明年营业额指引，所有三大主要股指形成了看跌的双顶格局，美国股市很可能在短期内会进一步疲软。以下是一些细节。

Covid-19再次成为焦点

根据约翰·霍普金斯大学（Johns Hopkins University）的数据，全美一半以上的州在10月份报告了新的Covid-19新病例单日最高记录。本月到目前为止，在过去的几周中，有27个州报告至少有创纪录的一天的新病例。 11个州报告了10月份单日死亡人数最高的一天。 ---CNN

ZeroHedge的今天Cover-19摘要如下：

Newark市独立返回部分封锁

美国卫生部对感恩节Covid-19的警告

荷兰突破30万病例

捷克共和国，比利时和丹麦权衡新措施

福西博士说美国仍处于第一波病毒流行

美国新增案件创7天平均纪录

美国各地的医院容量接近用满

犹他州医院要求州政府批准新的分诊计划

法国官员警告法国每天会有10万例新病例

马来西亚延长封锁

香港将COVID的工作重点放在公共交通上

英国批准新的快速测试

AstraZeneca的试验数据显示该疫苗对老年人有效

没有第二项Covid-19经济刺激计划通过

国会几乎不可能在11月3日选举日之前向美国人提供新的援助。众议院议长南希·佩洛西（Nancy Pelosi）在致民主党核心小组的信中指出，白宫未能满足她对Covid-19测试和追踪的要求是未达成刺激协议的关键原因。

大选结果的不确定性

距离大选只有几天了，乔·拜登（Joe Biden）在总统选举的全国民意调查中领先唐纳德·特朗普（Donald Trump）。但这不能保证民主党候选人的胜利。希拉里·克林顿（Hillary Clinton）在几乎整个2016年竞选中的民意调查中也明显领先特朗普。她最终在选举学院中失败。人们普遍担心的是，如果选举票数接近，将有数周无法确定下一任总统的可能。在2000年戈尔/布什总统选举期间，因选票的接近，以至于直到一个月后才能确定布什赢得胜利，而标准普尔500指数在此期间下跌了7.5％后才反弹。

SAP削减明年全年营业额指引

由于全球冠状病毒病例激增，德国软件巨头SAP（SAP）下调了明年全年指引，导致其股价今天下跌23.16％。美国软件软件公司也因而下跌，Workday（WDAY）下跌6.16％，Oracle（ORCL）下跌4.02％，Salesforce（CRM）下跌3.4％，Microsoft（MSFT）下跌2.91％。软件ETF IGV下跌2.47％，而云计算ETF WCLD则下跌2.07％。这也对科技股产生了负面影响，科技类偏重的ETF  QQQ下跌了1.50％。

美国主要股市指数呈下降趋势

道琼斯指数和标准普尔500指数均低于其50天移动均线关键支撑，而纳斯达克综合指数距其50天移动均线只有47点。所有三个指数均形成了看跌的双顶格局。其次明显的是，在过去的三周中，逢低买入力量正在减弱，波动指数VIX一直在上升。VIX今天的强劲显示投资人对股市恐惧的增加。市场的技术面预示着更多的弱势表现。美股再跌5%的机会大。

本周重要企业财报

标准普尔500指数公司中约有30％的公司已经报告了收益，其中80％的公司报告了好于预期的收益，但是市场却走跌。因此，财报可能会不错，但是股价呢？这使我想到了华尔街的一句说话：“在谣言中买入，在新闻发布后卖出”，这意味着人们已经预期了良好的收益，无论收益是好是坏，都可能在收益发布后抛售股票。第三季度的表现已是历史，因为Covid-19前景的恶化对企业未来的展望并不乐观。本周有影响力的财报如下：

星期二：MSFT，AMD，CAT，MMM，RTX，PFE，MRK

星期三：BA，UPS，MA，GE

星期四：AAPL，AMZN，FB，GOOG, MRNA，TWTR

星期五：XOM，ABBV，CVX