Category Archives: Daily Top Ten

Topley’s Top 10 – January 22, 2021

1. Key Biden executive actions

SUBJECTTYPE OF ACTIONDATE
Re-engage with World Health OrganizationEnd withdrawal processJan. 20
Create position of COVID-19 response coordinatorExecutive orderJan. 20
Rejoin Paris climate agreementSign an “instrument”Jan. 20
Revoke permit for Keystone XL pipeline, pause energy leasing in ANWRExecutive orderJan. 20
Ask agencies to extend eviction/foreclosure moratoriumsRequestJan. 20
Ask Education Dept. to extend student-loan pauseRequestJan. 20
Launch an initiative to advance racial equity, end “1776 Commission”Executive orderJan. 20
Revoke order that aims to exclude undocumented immigrants from censusExecutive orderJan. 20
Preserve/fortify DACA, which helps “Dreamers”MemorandumJan. 20
Require masks/distancing on all federal property and by federal workersExecutive orderJan. 20
Reverse travel ban targeting primarily Muslim countriesExecutive orderJan. 20
Stop construction of border wallProclamationJan. 20
Combat discrimination on the basis of sexual orientation, gender identityExecutive orderJan. 20
Require ethics pledge for executive-branch personnelExecutive orderJan. 20
Modernize and improve regulatory reviewMemorandumJan. 20
End “harsh and extreme immigration enforcement”Executive orderJan. 20
Extend protection from deportation for Liberians in U.S.MemorandumJan. 20
Revoke certain executive orders concerning federal regulationExecutive orderJan. 20
Freeze any new or pending regulationsMemorandumJan. 20
Fill supply shortfalls in fight vs. COVID-19 with Defense Production Act, other measuresExecutive orderExpected Jan. 21
Increase FEMA reimbursement to states for National Guard, PPEMemorandumExpected Jan. 21
Establish “COVID-19 Pandemic Testing Board,” expand testingExecutive orderExpected Jan. 21
Bolster access to COVID-19 treatments and clinical careExecutive orderExpected Jan. 21
Improve collection/analysis of COVID-related dataExecutive orderExpected Jan. 21
Mount vaccination campaign amid goals such as 100 million shots in 100 daysDirectivesExpected Jan. 21
Provide guidance on safely reopening schoolsExecutive orderExpected Jan. 21
OSHA guidance for keeping workers safe from COVID-19Executive orderExpected Jan. 21
Require face masks at airports, other modes of transportationExecutive orderExpected Jan. 21
Establish a “COVID-19 Health Equity Task Force”Executive orderExpected Jan. 21
Support international response to COVID-19, “restore U.S. global leadership”DirectiveExpected Jan. 21
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Topley’s Top 10 – January 21, 2021

1. It’s Not 1999 Yet.

Nick Maggiulli—Of Dollars and Data Blog

Markets often rhyme but rarely repeat

With the many eye-popping valuations of various technology IPOs in 2020, it can feel a bit reminiscent of 1999.  And while stock prices might be high, 2020 is no 1999.  Just take a look at the growth in the NASDAQ from 1995-1999 compared to 2016-2020 and you will see that it’s night and day:

This chart illustrates that there is a big difference between “bubble” and “BUBBLE.”  As my colleague Michael Batnick recently argued:

I don’t think the stock market is in a bubble, but it’s surrounded by them.  

Though we aren’t in 1999, some investors definitely are.  Markets often rhyme but rarely repeat.  

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Topley’s Top 10 – January 18, 2021

1. Best Performers 2021 -Decile of Stocks with the Highest Short Interest

Heavily Shorted Stocks Stand Tall in 2021-In the chart below, we show the average YTD performance of Russell 3000 stocks broken into deciles based on their short interest.  The decile of stocks with the highest short interest as a percentage of float have by far been the best performers YTD, up for an average of 14.16%.  Even excluding GME, the decile’s average YTD performance is a 13.93% gain.  As you move across the deciles with lower short interest levels, performance gets worse. The tenth decile of stocks which consists of stocks with average short interest levels below 1% of float has only risen 3.6% on average.

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