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Last Monday, the Dow soared 834 points (2.95%), the S&P 500 rose a robust 1.17%, and the Russell 2000 rose a crazy 3.7%, all on the news that Pfizer Inc. (NYSE:PFE) and BioNTech’s COVID-19 vaccine was 90% effective.

For the week, the Dow ended up 4.1%, the S&P 500 notched a new all-time closing high at 3,585, up 2.2% on the week, and the Russell ended the week up a stellar 5.4%.

The Nasdaq Composite didn’t fare so well. It was down 1.53% last Monday and down 0.6% on the week.

This morning we’re off to the races, again. It’s now Moderna Inc. (NasdaqGS:MRNA)’s turn to wow markets.

The company announced its COVID-19 vaccine looks to be 94.5% effective. That’s staggering.

For some perspective, the measles vaccine was 93% effective and essentially wiped out that plague.

Investors are taking profits in tech stocks and buying “value” and “reopening” stocks like never before.

Even if the “rotation” isn’t unexpected, the speed at which it’s happening is unprecedented.

Here’s what it all means for you, your money, and what you should do next…

Your taxes are going to go up. There’s no way around it. That means if you like the life you have and don’t want to go backward financially… you have two choices.

Mark Ford shares 11 ways that the lockdown will change the world – both the good and the bad.

The COVID crisis combined with years of half-cocked financial management have forced cities and states into a dire situation.

It’s often said when equity markets rise in the face of negative news, economic worries, and other impediments to investor sentiment and earnings prospects, that the market’s climbing the “wall of worry.”

Newsflash! The market hasn’t just climbed a wall, it’s knocked down every wall in its path and isn’t worried about anything.

But that doesn’t mean everything’s coming up roses.

Global virus cases just topped 51.5 million. The infection rate in the U.S. is skyrocketing. Over 143,000 new infections were announced on Monday. The average daily rate of new infections in the U.S. in now north of 900,000 a day over the past 30 days.

As bad as that is, and it’s worse than investors realize, is that hospitalizations just hit a record 61,964 as of last night; that’s 2,024 more than the peak 59,940 hospitalizations in April.

How many of the newly infected millions of Americans are headed for hospitals remains to be seen, but doctors expect them to overwhelm healthcare systems faster than they’re prepared for.

Still, equity investors are all risk-on and damn the torpedoes.

Here’s what you need to know…

Our nation’s housing situation is a mess. It’s another dire tale of government intervention gone wrong.

What if buying into a soaring stock market were the only way to survive our country’s fiscal mess? Well… it is.

It’s over. Even though there are some logistics that still obviously need to be taken care of, it’s over.

I’m talking about the election being called in favor of Joe Biden. That’s over, at least as far as the market’s concerned.

Whether President Trump continues to challenge votes and contest results remains to be seen.

But as the results of the 2020 Presidential Election blow over and news of a potential successful vaccine candidate spreads, there’s much to look forward to.

Here’s what’s on my radar this week…

Freedom is beautiful… when it’s clearly explained and defended. Some things are not a matter of freedom as much as they are a matter of honest disagreement.

What sets ordinary wealth builders apart from extraordinary wealth builders? It turns out that it’s just one key detail.