MarketPsych's Peterson says COVID has split the market in two

Richard Peterson of MarketPsych Data says that most of the economy is not doing well as a result of the global pandemic, which has fostered two different markets, the one made up of companies profiting from the conditions and benefitting from consumer habits that are likely to be permanently changed, and then the market of companies hoping for a comeback or return to normal that may not be enough, ever, to bring them back. Peterson worries about where investors are with their thinking, noting that there is a fatigue driven by bad news and the election that also has the potential to slow the recovery. Also on the show, Tom Lydon of ETFTrends.com discusses a fund that's not yet in buying territory but that appears to be headed there as the country it focuses on starts to climb out of its deep coronavirus troubles, Ross Hambrick of William Blair and Co. provides his pre-election primer on how and why Americans' November choice will move the market, and Ryan Jacob of the Jacob Funds talks tech stocks in the Market Call.