Investing

• Doesn’t seem like the stock market cared about the outcome of the election, just that it was over as markets look like they will have their best week since April. (CNBC)
• Who owns the stock market? Read results of new research from the Urban-Brookings Tax Policy Center. (Irrelevant Investor)
• Should bitcoin have a place in mainstream portfolios? The thinking on this seems to be evolving. (Seeking Alpha)
• Speaking of Bitcoin: Bitcoin value driven up as the US Government seized $1 billion worth of Bitcoin from a dormant Silk Road account and thus, out of circulation. (MarketWatch)
• Where should you put your savings for medium-term goals (MSN)?
• Pandemic: How many people took advantage of the emergency provision and used their 401k’s as emergency funds? (WSJ) US News explains how to make a hardship withdrawal if you are considering doing it.

Economics

• The Federal Open Market Committee of the Federal Reserve Bank met this week and unanimously voted to maintain interest rates near zero. (Yahoo Finance)

“Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year,” the statement said.

• Now the question brewing is whether or not Jerome Powell will be offered (and will take) another term as Fed Chair. This article discusses why he would be a good choice for either candidate . (Reuters)
• The October Jobs Report from the BLS came in better than expected, but fewer jobs were added than in September. (Yahoo Finance)
• Election day was big for minimum wage gains. Florida passed a $15 minimum wage. Here is a summary of all where several states stand with a higher minimum wage. (Fox Business) (Quartz)
• Another winner this election day was the gambling industry. (AP News)

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